Reported Earnings • May 05
First quarter 2026 earnings released: EPS: CN¥0.83 (vs CN¥0.39 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.83 (up from CN¥0.39 in 1Q 2025). Revenue: CN¥514.7m (up 113% from 1Q 2025). Net income: CN¥108.4m (up 109% from 1Q 2025). Profit margin: 21% (in line with 1Q 2025). Revenue is forecast to grow 31% 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 19% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 317% Dividend per share is over 184x cash flows per share. Dividend yield: 3.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 317% Dividend per share is over 184x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Mar 13
Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, Apr 03, 2026 Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, Apr 03, 2026, at 14:00 China Standard Time. Location: Building 1, No. 789, Changning Avenue, Hi-tech Zone, Hefei, Anhui China New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10.0% average weekly change). High level of non-cash earnings (25% accrual ratio). Announcement • Dec 26
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥117, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 54% over the past three years. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.43 (up from CN¥0.41 in 3Q 2024). Revenue: CN¥279.2m (up 4.0% from 3Q 2024). Net income: CN¥56.8m (up 4.4% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Revenue is forecast to grow 31% 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 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.69 (vs CN¥0.47 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.69 (up from CN¥0.47 in 2Q 2024). Revenue: CN¥412.1m (up 64% from 2Q 2024). Net income: CN¥90.2m (up 48% from 2Q 2024). Profit margin: 22% (down from 24% 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 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Qi Zhong was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Price Target Changed • Aug 16
Price target increased by 8.8% to CN¥70.00 Up from CN¥64.35, the current price target is provided by 1 analyst. New target price is 49% below last closing price of CN¥136. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.15 for next year compared to CN¥1.23 last year. Announcement • Jun 30
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 13
Dividend reduced to CN¥0.37 Dividend of CN¥0.37 is 54% lower than last year. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 121% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, May 14, 2025 Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: Building 1, No. 789, Changning Avenue, Hi-tech Zone, Hefei, Anhui China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥70.54, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 34% over the past three years. New Risk • Apr 07
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 7.7% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Mar 28
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥78.83, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 52% over the past three years. Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.25 (down from CN¥1.43 in FY 2023). Revenue: CN¥953.9m (up 15% from FY 2023). Net income: CN¥164.9m (down 8.0% from FY 2023). Profit margin: 17% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 34% 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 increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥268.5m (up 31% from 3Q 2023). Net income: CN¥54.4m (up 19% from 3Q 2023). Profit margin: 20% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 2.4%. Revenue is forecast to grow 30% 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 50% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥59.89, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 10% over the past three years. 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 (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Sep 30
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥55.98, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 3.4% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.32 in 2Q 2023). Revenue: CN¥251.4m (up 55% from 2Q 2023). Net income: CN¥60.9m (up 56% from 2Q 2023). Profit margin: 24% (in line with 2Q 2023). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 30% 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 44% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Price Target Changed • May 24
Price target decreased by 16% to CN¥59.53 Down from CN¥70.60, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥61.09. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.99 for next year compared to CN¥1.43 last year. Announcement • Apr 24
Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, May 14, 2024 Circuit Fabology Microelectronics Equipment Co.,Ltd., Annual General Meeting, May 14, 2024, at 14:00 China Standard Time. Location: Building 1, No. 789, Changning Avenue, Hi-tech Zone, Hefei, Anhui China Reported Earnings • Apr 24
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.28 in 1Q 2023). Revenue: CN¥198.1m (up 26% from 1Q 2023). Net income: CN¥39.8m (up 19% from 1Q 2023). Profit margin: 20% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 38% p.a. on average during the next 2 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 35% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Mar 30
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.45 (up from CN¥1.13 in FY 2022). Revenue: CN¥828.9m (up 27% from FY 2022). Net income: CN¥181.4m (up 33% from FY 2022). Profit margin: 22% (up from 21% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Feb 24
Circuit Fabology Microelectronics Equipment Co.,Ltd. (SHSE:688630) announces an Equity Buyback for CNY 60 million worth of its shares. Circuit Fabology Microelectronics Equipment Co.,Ltd. (SHSE:688630) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 76 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 6 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥55.96, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 43% over the past year. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risk Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Price Target Changed • Nov 28
Price target decreased by 8.0% to CN¥69.10 Down from CN¥75.09, the current price target is an average from 4 analysts. New target price is 21% below last closing price of CN¥87.58. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of CN¥1.63 for next year compared to CN¥1.13 last year. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.26 in 3Q 2022). Revenue: CN¥205.2m (up 31% from 3Q 2022). Net income: CN¥45.8m (up 48% from 3Q 2022). Profit margin: 22% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% 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 • Oct 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥69.90, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 33x in the Semiconductor industry in China. Negligible returns to shareholders over past year. Price Target Changed • Sep 05
Price target decreased by 8.2% to CN¥82.86 Down from CN¥90.26, the current price target is an average from 4 analysts. New target price is 12% above last closing price of CN¥73.90. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥1.13 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.31 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.31 in 2Q 2022). Revenue: CN¥161.8m (up 7.3% from 2Q 2022). Net income: CN¥39.2m (up 5.4% from 2Q 2022). Profit margin: 24% (in line with 2Q 2022). Revenue is forecast to grow 36% 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 • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥87.40, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 23% over the past year. New Risk • Jul 14
New major 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 8.7% 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 (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Jun 28
Circuit Fabology Microelectronics Equipment Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥72.45, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 76% over the past year. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.16 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.16 in 1Q 2022). Revenue: CN¥156.9m (up 50% from 1Q 2022). Net income: CN¥33.5m (up 70% from 1Q 2022). Profit margin: 21% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Member of the Supervisory Board Zhen Liu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥83.30, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 33x in the Semiconductor industry in China. Total returns to shareholders of 13% over the past year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Guoming Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥81.06, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 26% over the past year. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.16 in 3Q 2021). Revenue: CN¥156.3m (up 48% from 3Q 2021). Net income: CN¥30.9m (up 54% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Announcement • Sep 03
Circuit Fabology Microelectronics Equipment Co.,Ltd. announced that it expects to receive CNY 825.2857 million in funding Circuit Fabology Microelectronics Equipment Co.,Ltd. announced a private placement of up to 36,240,000 A shares for gross proceeds not exceeding CNY 825,285,700 on September 1, 2022. The shares shall not be transferred within 6 months from the issuance closing date. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 19th Meeting of the 1st Directorate and the 14th Meeting of the 1st Supervisory Board. The transaction is subject to approval from the company’s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥73.89, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 6.3% over the past year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.26 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.26 in 2Q 2021). Revenue: CN¥150.8m (up 44% from 2Q 2021). Net income: CN¥37.2m (up 23% from 2Q 2021). Profit margin: 25% (down from 29% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 58%, compared to a 48% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥61.15, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥51.33, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 29% over the past year. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥104.4m (up 28% from 1Q 2021). Net income: CN¥19.7m (up 51% from 1Q 2021). Profit margin: 19% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 60%, compared to a 44% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥51.76, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 40x in the Semiconductor industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.96 (up from CN¥0.78 in FY 2020). Revenue: CN¥492.2m (up 59% from FY 2020). Net income: CN¥108.2m (up 52% from FY 2020). Profit margin: 22% (in line with FY 2020). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 43%, compared to a 55% growth forecast for the industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.33 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥105.5m (down 9.9% from 3Q 2020). Net income: CN¥20.1m (down 34% from 3Q 2020). Profit margin: 19% (down from 26% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥62.70, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 53x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥65.59, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 59x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥75.00, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 59x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥63.96, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 52x in the Semiconductor industry in China.