Price Target Changed • 9h
Price target decreased by 7.3% to CN¥139 Down from CN¥150, the current price target is an average from 4 analysts. New target price is 24% below last closing price of CN¥182. Stock is up 151% over the past year. The company is forecast to post earnings per share of CN¥2.56 for next year compared to CN¥2.20 last year. New Risk • Jun 01
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. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥245, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 125% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥235, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 119% over the past three years. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥5.87b to CN¥5.93b. EPS estimate fell from CN¥4.47 to CN¥3.83 per share. Net income forecast to grow 32% next year vs 59% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥180 to CN¥203. Share price was steady at CN¥193 over the past week. Price Target Changed • Apr 24
Price target increased by 13% to CN¥203 Up from CN¥180, the current price target is an average from 4 analysts. New target price is 11% above last closing price of CN¥183. Stock is up 61% over the past year. The company is forecast to post earnings per share of CN¥4.03 for next year compared to CN¥3.08 last year. Reported Earnings • Apr 24
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: CN¥0.70 (up from CN¥0.66 in 1Q 2025). Revenue: CN¥1.20b (up 32% from 1Q 2025). Net income: CN¥247.3m (up 5.9% from 1Q 2025). Profit margin: 21% (down from 26% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Announcement • Apr 23
Hwatsing Technology Co., Ltd., Annual General Meeting, May 13, 2026 Hwatsing Technology Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: Building 2, No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin China Announcement • Mar 30
Hwatsing Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: CN¥3.08 (vs CN¥2.91 in FY 2024) Full year 2025 results: EPS: CN¥3.08 (up from CN¥2.91 in FY 2024). Revenue: CN¥4.65b (up 37% from FY 2024). Net income: CN¥1.09b (up 6.1% from FY 2024). Profit margin: 23% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 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 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 28
Price target increased by 14% to CN¥171 Up from CN¥151, the current price target is an average from 5 analysts. New target price is 13% below last closing price of CN¥196. Stock is up 84% over the past year. The company is forecast to post earnings per share of CN¥3.33 for next year compared to CN¥2.91 last year. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥174, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 146% over the past three years. Announcement • Dec 26
Hwatsing Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Hwatsing Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.81 (vs CN¥0.81 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.81 (down from CN¥0.81 in 3Q 2024). Revenue: CN¥1.24b (up 30% from 3Q 2024). Net income: CN¥286.0m (flat on 3Q 2024). Profit margin: 23% (down from 30% in 3Q 2024). 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. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Oct 14
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 7.3% 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
Hwatsing Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Hwatsing Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥155, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.86 per share. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.77 (vs CN¥0.66 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.77 (up from CN¥0.66 in 2Q 2024). Revenue: CN¥1.04b (up 27% from 2Q 2024). Net income: CN¥272.0m (up 18% from 2Q 2024). Profit margin: 26% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥125, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years. Price Target Changed • Jul 03
Price target decreased by 7.7% to CN¥133 Down from CN¥144, the current price target is an average from 4 analysts. New target price is 22% above last closing price of CN¥108. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥3.55 for next year compared to CN¥2.91 last year. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CN¥111, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 8.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.67 per share. Announcement • Jun 30
Hwatsing Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 30
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.99 (up from CN¥0.85 in 1Q 2024). Revenue: CN¥912.5m (up 34% from 1Q 2024). Net income: CN¥233.4m (up 16% from 1Q 2024). Profit margin: 26% (down from 30% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Apr 29
Hwatsing Technology Co., Ltd., Annual General Meeting, May 20, 2025 Hwatsing Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Announcement • Apr 03
Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. completed the acquisition of an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion. Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. agreed to acquire an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion on December 24, 2024. A cash consideration of CNY 602.7 million will be paid by Hwatsing Technology Co., Ltd. Hwatsing Technology Co., Ltd. will pay an earnout/contingent payment of CNY 401.8 million cash. As part of consideration, CNY 1 billion is paid towards common equity of Xinyu Semiconductor (Shanghai) Co., Ltd. Upon completion, Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. will jointly own 100% stake in Xinyu Semiconductor (Shanghai) Co., Ltd. Internal funds will be used for the transaction.
As of May 31, 2024, Xinyu Semiconductor (Shanghai) Co., Ltd reported total assets of CNY 138.08 million and total common equity of CNY 74.63 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. completed the acquisition of an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion on December 24, 2024. Announcement • Mar 28
Hwatsing Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: CN¥4.31 (vs CN¥3.05 in FY 2023) Full year 2024 results: EPS: CN¥4.31 (up from CN¥3.05 in FY 2023). Revenue: CN¥3.41b (up 36% from FY 2023). Net income: CN¥1.02b (up 41% from FY 2023). Profit margin: 30% (up from 29% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Dec 27
Hwatsing Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Buy Or Sell Opportunity • Dec 09
Now 22% undervalued Over the last 90 days, the stock has risen 46% to CN¥184. The fair value is estimated to be CN¥235, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Buy Or Sell Opportunity • Nov 15
Now 21% undervalued Over the last 90 days, the stock has risen 34% to CN¥182. The fair value is estimated to be CN¥231, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Price Target Changed • Nov 02
Price target increased by 7.6% to CN¥194 Up from CN¥180, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥189. Stock is up 34% over the past year. The company is forecast to post earnings per share of CN¥4.32 for next year compared to CN¥3.05 last year. Price Target Changed • Oct 03
Price target increased by 11% to CN¥180 Up from CN¥163, the current price target is an average from 5 analysts. New target price is 11% above last closing price of CN¥162. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥4.04 for next year compared to CN¥3.05 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 8.1% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Sep 30
Hwatsing Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Hwatsing Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥162, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥79.94 per share. Announcement • Jun 29
Hwatsing Technology Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Hwatsing Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Buy Or Sell Opportunity • May 27
Now 20% overvalued Over the last 90 days, the stock has fallen 4.7% to CN¥181. The fair value is estimated to be CN¥151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Buy Or Sell Opportunity • May 09
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥184. The fair value is estimated to be CN¥152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Price Target Changed • May 02
Price target decreased by 9.1% to CN¥238 Down from CN¥262, the current price target is an average from 3 analysts. New target price is 40% above last closing price of CN¥171. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥6.38 for next year compared to CN¥4.55 last year. Announcement • Apr 29
Hwatsing Technology Co., Ltd., Annual General Meeting, May 17, 2024 Hwatsing Technology Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: Building 2, No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin China Reported Earnings • Apr 28
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: CN¥1.27 (up from CN¥1.22 in 1Q 2023). Revenue: CN¥680.2m (up 10% from 1Q 2023). Net income: CN¥202.1m (up 4.3% from 1Q 2023). Profit margin: 30% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Mar 30
Hwatsing Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Mar 26
Price target decreased by 12% to CN¥244 Down from CN¥278, the current price target is an average from 3 analysts. New target price is 31% above last closing price of CN¥186. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of CN¥6.43 for next year compared to CN¥4.58 last year. Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥4.58 (up from CN¥3.52 in FY 2022). Revenue: CN¥2.51b (up 52% from FY 2022). Net income: CN¥727.3m (up 45% from FY 2022). Profit margin: 29% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 5.0%. 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. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥174, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Semiconductor industry in China. Total returns to shareholders of 6.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥119 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: CN¥1.20 (up from CN¥0.99 in 3Q 2022). Revenue: CN¥605.8m (up 46% from 3Q 2022). Net income: CN¥189.8m (up 21% from 3Q 2022). Profit margin: 31% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 29
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: CN¥1.13 (up from CN¥0.48 in 2Q 2022). Revenue: CN¥618.3m (up 68% from 2Q 2022). Net income: CN¥180.2m (up 91% from 2Q 2022). Profit margin: 29% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%. 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. Announcement • Jun 28
Hwatsing Technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Hwatsing Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥1.82 (vs CN¥1.10 in 1Q 2022) First quarter 2023 results: EPS: CN¥1.82 (up from CN¥1.10 in 1Q 2022). Revenue: CN¥616.2m (up 72% from 1Q 2022). Net income: CN¥193.9m (up 109% from 1Q 2022). Profit margin: 32% (up from 26% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.