Declared Dividend • 14h
Dividend of CN¥1.40 announced Shareholders will receive a dividend of CN¥1.40. Ex-date: 1st July 2026 Payment date: 1st July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 63% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 158% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.53 (vs CN¥1.13 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.53 (down from CN¥1.13 in 1Q 2025). Revenue: CN¥669.1m (down 33% from 1Q 2025). Net income: CN¥89.0m (down 53% from 1Q 2025). Profit margin: 13% (down from 19% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 31
Price target decreased by 10% to CN¥263 Down from CN¥292, the current price target is an average from 3 analysts. New target price is 50% above last closing price of CN¥176. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥4.12 for next year compared to CN¥3.54 last year. Announcement • Mar 30
Bestechnic (Shanghai) Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Bestechnic (Shanghai) Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 26
Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 20, 2026 Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: Room 201, Tower B, Lane 2889, Jinke Road, Pudong New Area, Shanghai China Major Estimate Revision • Mar 04
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥5.67b to CN¥4.00b. EPS estimate fell from CN¥6.74 to CN¥4.16 per share. Net income forecast to grow 19% next year vs 71% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥313 to CN¥292. Share price fell 11% to CN¥185 over the past week. Price Target Changed • Feb 26
Price target decreased by 9.7% to CN¥292 Down from CN¥324, the current price target is an average from 3 analysts. New target price is 40% above last closing price of CN¥209. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥6.22 for next year compared to CN¥3.49 last year. Announcement • Dec 26
Bestechnic (Shanghai) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Bestechnic (Shanghai) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥238, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 160% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥1.16 (vs CN¥0.84 in 3Q 2024) Third quarter 2025 results: EPS: CN¥1.16 (up from CN¥0.84 in 3Q 2024). Revenue: CN¥995.1m (up 5.7% from 3Q 2024). Net income: CN¥196.8m (up 39% from 3Q 2024). Profit margin: 20% (up from 15% in 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥264, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 44x in the Semiconductor industry in China. Total returns to shareholders of 279% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥122 per share. Announcement • Sep 30
Bestechnic (Shanghai) Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Bestechnic (Shanghai) Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥243, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥122 per share. Price Target Changed • Sep 03
Price target increased by 7.1% to CN¥343 Up from CN¥321, the current price target is an average from 4 analysts. New target price is 32% above last closing price of CN¥261. Stock is up 152% over the past year. The company is forecast to post earnings per share of CN¥5.08 for next year compared to CN¥2.76 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.71 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.68 (down from CN¥0.71 in 2Q 2024). Revenue: CN¥943.9m (up 7.5% from 2Q 2024). Net income: CN¥114.3m (down 4.8% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥272, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 176% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥122 per share. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to CN¥242, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥174 per share. Announcement • Jun 30
Bestechnic (Shanghai) Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Bestechnic (Shanghai) Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Major Estimate Revision • May 01
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥4.30b to CN¥4.72b. EPS estimate increased from CN¥5.04 to CN¥6.01 per share. Net income forecast to grow 22% next year vs 65% growth forecast for Semiconductor industry in China. Consensus price target of CN¥253 unchanged from last update. Share price rose 12% to CN¥444 over the past week. New Risk • Apr 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥1.59 (vs CN¥0.23 in 1Q 2024) First quarter 2025 results: EPS: CN¥1.59 (up from CN¥0.23 in 1Q 2024). Revenue: CN¥994.5m (up 52% from 1Q 2024). Net income: CN¥190.5m (up CN¥162.9m from 1Q 2024). Profit margin: 19% (up from 4.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 29, 2025 Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: Room 201, Tower B, Changtai Plaza, Lane 2889, Jinke Road, Pudong New Area, Shanghai China Announcement • Mar 28
Bestechnic (Shanghai) Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Bestechnic (Shanghai) Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: CN¥3.83 (up from CN¥1.03 in FY 2023). Revenue: CN¥3.26b (up 50% from FY 2023). Net income: CN¥459.5m (up 272% from FY 2023). Profit margin: 14% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Dec 27
Bestechnic (Shanghai) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Bestechnic (Shanghai) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Price Target Changed • Oct 25
Price target increased by 26% to CN¥239 Up from CN¥189, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥238. Stock is up 106% over the past year. The company is forecast to post earnings per share of CN¥3.10 for next year compared to CN¥1.03 last year. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Bestechnic (Shanghai) Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Bestechnic (Shanghai) Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥1.00 (vs CN¥0.42 in 2Q 2023) Second quarter 2024 results: EPS: CN¥1.00 (up from CN¥0.42 in 2Q 2023). Revenue: CN¥878.2m (up 67% from 2Q 2023). Net income: CN¥120.0m (up 140% from 2Q 2023). Profit margin: 14% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 22
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.83b to CN¥2.97b. EPS estimate increased from CN¥2.48 to CN¥2.74 per share. Net income forecast to grow 140% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥151 to CN¥189. Share price rose 5.1% to CN¥175 over the past week. Price Target Changed • Jun 29
Price target increased by 8.2% to CN¥151 Up from CN¥139, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥146. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥2.48 for next year compared to CN¥1.03 last year. Announcement • Jun 28
Bestechnic (Shanghai) Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Bestechnic (Shanghai) Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Mar 29
Bestechnic (Shanghai) Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Bestechnic (Shanghai) Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Price Target Changed • Mar 29
Price target decreased by 9.9% to CN¥130 Down from CN¥144, the current price target is an average from 5 analysts. New target price is 23% above last closing price of CN¥106. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥1.03 last year. Announcement • Mar 28
Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 16, 2024 Bestechnic (Shanghai) Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: Room 201, Tower B, Changtai Plaza, Lane 2889, Jinke Road, Pudong New Area, Shanghai China Reported Earnings • Mar 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.03 (up from CN¥1.02 in FY 2022). Revenue: CN¥2.18b (up 47% from FY 2022). Net income: CN¥123.6m (up 1.0% from FY 2022). Profit margin: 5.7% (down from 8.2% in FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.03 (up from CN¥1.02 in FY 2022). Revenue: CN¥2.18b (up 47% from FY 2022). Net income: CN¥123.7m (up 1.0% from FY 2022). Profit margin: 5.7% (down from 8.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 02
Price target decreased by 7.8% to CN¥145 Down from CN¥157, the current price target is an average from 4 analysts. New target price is 18% above last closing price of CN¥123. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of CN¥1.53 for next year compared to CN¥1.02 last year. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.57 (down from CN¥0.58 in 3Q 2022). Revenue: CN¥653.9m (up 36% from 3Q 2022). Net income: CN¥68.5m (flat on 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Announcement • Aug 23
Bestechnic (Shanghai) Co., Ltd. (SHSE:688608) announces an Equity Buyback for CNY 96 million worth of its shares. Bestechnic (Shanghai) Co., Ltd. (SHSE:688608) announces a share repurchase program. Under the program, the company will repurchase up to CNY 96 million worth of its shares. The program will be valid till 12 months. Reported Earnings • Aug 23
Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations Second quarter 2023 results: EPS: CN¥0.42 (down from CN¥0.49 in 2Q 2022). Revenue: CN¥526.5m (up 32% from 2Q 2022). Net income: CN¥50.0m (down 15% from 2Q 2022). Profit margin: 9.5% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Price Target Changed • Apr 13
Price target increased by 7.4% to CN¥159 Up from CN¥148, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥165. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.02 last year. Reported Earnings • Mar 29
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: CN¥1.02 (down from CN¥3.40 in FY 2021). Revenue: CN¥1.48b (down 16% from FY 2021). Net income: CN¥122.4m (down 70% from FY 2021). Profit margin: 8.2% (down from 23% in FY 2021). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Price Target Changed • Mar 29
Price target increased by 11% to CN¥155 Up from CN¥140, the current price target is an average from 4 analysts. New target price is 7.3% above last closing price of CN¥144. Stock is down 20% over the past year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥1.02 (vs CN¥3.40 in FY 2021) Full year 2022 results: EPS: CN¥1.02 (down from CN¥3.40 in FY 2021). Revenue: CN¥1.48b (down 16% from FY 2021). Net income: CN¥122.3m (down 70% from FY 2021). Profit margin: 8.2% (down from 23% in FY 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Feb 22
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.62b to CN¥1.60b. EPS estimate also fell from CN¥1.24 per share to CN¥1.01 per share. Net income forecast to shrink 0.4% next year vs 45% growth forecast for Semiconductor industry in China . Consensus price target up from CN¥140 to CN¥150. Share price fell 9.8% to CN¥127 over the past week. Price Target Changed • Jan 31
Price target increased by 7.3% to CN¥140 Up from CN¥131, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥136. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥3.40 last year. Major Estimate Revision • Jan 26
Consensus EPS estimates fall by 47% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from CN¥1.91 to CN¥1.01 per share. Revenue forecast steady at CN¥1.72b. Net income forecast to grow 15% next year vs 42% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥130. Share price was steady at CN¥138 over the past week. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥138, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 50% over the past year. Price Target Changed • Nov 16
Price target decreased to CN¥140 Down from CN¥159, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥142. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.92 for next year compared to CN¥3.40 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Zhihua Wang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 03
Consensus revenue estimates fall by 21% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.20b to CN¥1.73b. EPS estimate fell from CN¥3.34 to CN¥1.92 per share. Net income forecast to grow 75% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥159 to CN¥147. Share price rose 8.0% to CN¥115 over the past week. Price Target Changed • Nov 02
Price target decreased to CN¥147 Down from CN¥159, the current price target is an average from 5 analysts. New target price is 27% above last closing price of CN¥115. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥1.91 for next year compared to CN¥3.40 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.58 (down from CN¥0.88 in 3Q 2021). Revenue: CN¥482.0m (down 3.2% from 3Q 2021). Net income: CN¥69.1m (down 34% from 3Q 2021). Profit margin: 14% (down from 21% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Price Target Changed • Oct 16
Price target decreased to CN¥157 Down from CN¥202, the current price target is an average from 5 analysts. New target price is 60% above last closing price of CN¥97.99. Stock is down 63% over the past year. The company is forecast to post earnings per share of CN¥3.17 for next year compared to CN¥3.40 last year. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.48b to CN¥2.37b. EPS estimate also fell from CN¥5.20 per share to CN¥4.50 per share. Net income forecast to grow 112% next year vs 50% growth forecast for Semiconductor industry in China. Consensus price target of CN¥190 unchanged from last update. Share price fell 11% to CN¥125 over the past week. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.91 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.91 in 2Q 2021). Revenue: CN¥400.2m (down 9.6% from 2Q 2021). Net income: CN¥58.6m (down 46% from 2Q 2021). Profit margin: 15% (down from 25% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 72%, compared to a 47% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥147, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 57% over the past year. Major Estimate Revision • Jun 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥4.29 to CN¥4.75. Revenue forecast steady at CN¥2.51b. Net income forecast to grow 82% next year vs 51% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥210 to CN¥202. Share price fell 4.8% to CN¥158 over the past week. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥156, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 45% over the past year. Announcement • May 20
Bestechnic (Shanghai) Co., Ltd. (SHSE:688608) announces an Equity Buyback for CNY 96 million worth of its shares. Bestechnic (Shanghai) Co., Ltd. (SHSE:688608) announces a share repurchase program. Under the program, the company will repurchase up to CNY 96 million worth of its shares. The shares will be repurchased at a price of not more than CNY 160 per share. The shares purchased will be used for the company's equity incentives or ESOP. The program will be valid for 6 months. Price Target Changed • May 11
Price target decreased to CN¥210 Down from CN¥238, the current price target is an average from 6 analysts. New target price is 71% above last closing price of CN¥123. Stock is down 53% over the past year. The company is forecast to post earnings per share of CN¥5.20 for next year compared to CN¥3.40 last year. Price Target Changed • Apr 27
Price target decreased to CN¥250 Down from CN¥282, the current price target is an average from 5 analysts. New target price is 123% above last closing price of CN¥112. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥5.22 for next year compared to CN¥3.40 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Apr 18
Price target decreased to CN¥282 Down from CN¥321, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CN¥155. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥4.66 for next year compared to CN¥3.40 last year. Reported Earnings • Apr 16
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥3.40 (up from CN¥2.20 in FY 2020). Revenue: CN¥1.77b (up 66% from FY 2020). Net income: CN¥407.7m (up 106% from FY 2020). Profit margin: 23% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 57%, compared to a 46% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥145, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥180, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 41x in the Semiconductor industry in China. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥200 per share. Reported Earnings • Feb 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥3.40 (up from CN¥2.20 in FY 2020). Revenue: CN¥1.77b (up 66% from FY 2020). Net income: CN¥407.6m (up 105% from FY 2020). Profit margin: 23% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 66%, compared to a 55% growth forecast for the industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.88 (vs CN¥0.76 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥497.8m (up 50% from 3Q 2020). Net income: CN¥104.9m (up 54% from 3Q 2020). Profit margin: 21% (in line with 3Q 2020). Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.91 (vs CN¥0.76 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥442.8m (up 34% from 2Q 2020). Net income: CN¥109.4m (up 61% from 2Q 2020). Profit margin: 25% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. 