300102.SHE Xiamen Changelight
- Market cap
- CNY 13.6B
- P/E
- 123.4x
- P/B
- 3.13x
- ROE
- 2.8%
- Dividend yield
- 0.44%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 300102.SHE undervalued?
Graham numberThe Graham number of Xiamen Changelight cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Xiamen Changelight fundamental analysis
No fundamental analysis for Xiamen Changelight yet.
Xiamen Changelight stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Xiamen Changelight
Xiamen Changelight Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sales of compound semiconductor optoelectronic products in China and internationally. The company offers LED chips, epitaxial wafers, gallium arsenide solar cells, LEDs/micro-LEDs, and VCSEL products for use in digital, matrix, display, traffic and black lights, lamps, indicators, and other fields. Xiamen Changelight Co., Ltd. was founded in 2006 and is headqua…
Full company profileXiamen Changelight financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Xiamen Changelight annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.15B | 1.13B | 1.03B | 1.04B | 1.32B | 1.88B | 1.70B | 2.39B | 2.43B | 3.40B | 1.84B |
| Gross Profit | 233M | 408M | 289M | -70.9M | -17.3M | 467M | 207M | 216M | 360M | 387M | 345M |
| Operating Income | 13.3M | 253M | 210M | -330M | -298M | 203M | -69.4M | 7.91M | 72.2M | 113M | 101M |
| EBITDA | 234M | 436M | 446M | 17.0M | 191M | 677M | 391M | 475M | 552M | 605M | 137M |
| Net Income | 48.4M | 211M | 180M | -280M | -247M | 187M | -50.4M | 31.6M | 96.1M | 115M | 124M |
| EPS | 0.07 | 0.30 | 0.25 | -0.40 | -0.35 | 0.26 | -0.06 | 0.03 | 0.10 | 0.12 | 0.13 |
| Balance Sheet | |||||||||||
| Total Assets | 3.30B | 5.29B | 6.38B | 6.90B | 6.21B | 6.07B | 7.02B | 6.61B | 6.71B | 6.41B | 6.47B |
| Total Liabilities | 797M | 2.58B | 3.49B | 4.30B | 3.86B | 3.49B | 2.93B | 2.44B | 2.59B | 2.11B | 2.11B |
| Shareholders' Equity | 2.50B | 2.71B | 2.89B | 2.60B | 2.35B | 2.59B | 4.08B | 4.17B | 4.12B | 4.30B | 4.36B |
| Cash & Short-term Investments | 377M | 1.99B | 738M | 867M | 511M | 427M | 1.61B | 1.09B | 1.13B | 590M | 339M |
| Total Debt | 349M | 1.59B | 919M | 1.59B | 1.53B | 1.32B | 1.24B | 1.10B | 1.05B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -71.7M | 493M | 234M | 269M | 124M | 552M | 474M | 271M | 546M | 560M | - |
| Capital Expenditure | 238M | 514M | 1.93B | 689M | 237M | 177M | 223M | 248M | 255M | 151M | 181M |
| Free Cash Flow | -309M | -66.2M | -1.69B | -420M | -113M | 375M | 251M | 22.6M | 291M | 409M | 179M |
| Ratios | |||||||||||
| ROE | 1.9% | 7.8% | 6.2% | -10.8% | -10.5% | 7.2% | -1.2% | 0.8% | 2.3% | 2.7% | 2.8% |
| ROA | 1.5% | 4.0% | 2.8% | -4.1% | -4.0% | 3.1% | -0.7% | 0.5% | 1.4% | 1.8% | 1.9% |
| Net Profit Margin | 4.2% | 18.6% | 17.5% | -26.9% | -18.8% | 9.9% | -3.0% | 1.3% | 3.9% | 3.4% | 6.7% |
| Debt to Equity | 0.14x | 0.59x | 0.32x | 0.61x | 0.65x | 0.51x | 0.30x | 0.26x | 0.26x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Xiamen Changelight dividends
- Dividend yield
- 0.44%
- Forward dividend
- 0.05 CNY
- Payout ratio
- 51.7%
- Ex-dividend date
- May 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 59.3M | 0.06 | 51.7% |
| 2024 | CNY 40.8M | 0.04 | 42.5% |
| 2023 | CNY 62.4M | 0.06 | 197.5% |
| 2022 | CNY 13.5M | 0.02 | - |
| 2021 | CNY 101M | 0.14 | 54.1% |
| 2020 | CNY 98.4M | 0.14 | - |
| 2019 | CNY 17.5M | 0.03 | - |
| 2018 | CNY 67.6M | 0.09 | 37.5% |
| 2017 | CNY 9.70M | 0.01 | 4.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 20:10 on Jun 1, 2015.
Who owns Xiamen Changelight
- Insiders 34.80%
- Institutions 5.47%
- Public & others 59.73%
- Shares outstanding 920M
- Free float 603M
Xiamen Changelight company profile
- Company name
- Xiamen Changelight
- Ticker
- 300102.SHE
- ISIN
- CNE100000SG4
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Aug 12, 2010
- Sector
- Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Employees
- 2,233
- Fiscal year end
- December
- Address
- 259-269, Xiangtian Road, Xiamen, China, 361101
- Phone
- 86 59 2761 5555
- Website
- changelight.com.cn
About Xiamen Changelight
Xiamen Changelight Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sales of compound semiconductor optoelectronic products in China and internationally. The company offers LED chips, epitaxial wafers, gallium arsenide solar cells, LEDs/micro-LEDs, and VCSEL products for use in digital, matrix, display, traffic and black lights, lamps, indicators, and other fields. Xiamen Changelight Co., Ltd. was founded in 2006 and is headquartered in Xiamen, China.
Xiamen Changelight management
4- Mr. Jian HePresident & Director · born 1982
- Mr. Hong Jie JiCFO & Accounting Supervisor · born 1985
- Mr. Wenhui LiuVP & Board Secretary · born 1985
- Mr. Zhao LiuVice President · born 1980