New Risk • Jun 09
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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥78.40, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 31% over the past three years. New Risk • Apr 23
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 8.0% 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 (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Apr 20
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.32 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (down from CN¥0.32 in 1Q 2025). Revenue: CN¥293.7m (down 2.6% from 1Q 2025). Net income: CN¥13.7m (down 67% from 1Q 2025). Profit margin: 4.7% (down from 14% in 1Q 2025). Revenue is forecast to grow 20% 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 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥64.98, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 49x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past three years. Announcement • Mar 30
Wuxi Chipown Micro-electronics limited to Report Q1, 2026 Results on Apr 18, 2026 Wuxi Chipown Micro-electronics limited announced that they will report Q1, 2026 results on Apr 18, 2026 Announcement • Mar 25
Wuxi Chipown Micro-electronics limited, Annual General Meeting, Apr 16, 2026 Wuxi Chipown Micro-electronics limited, Annual General Meeting, Apr 16, 2026, at 10:00 China Standard Time. Location: 2F, No. 16, Changjiang Road, Xinwu District, Wuxi, Jiangsu China Price Target Changed • Mar 17
Price target increased by 14% to CN¥83.00 Up from CN¥73.02, the current price target is provided by 1 analyst. New target price is 34% above last closing price of CN¥62.02. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥1.89 for next year compared to CN¥1.45 last year. Reported Earnings • Mar 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.45 (up from CN¥0.87 in FY 2024). Revenue: CN¥1.14b (up 19% from FY 2024). Net income: CN¥186.3m (up 67% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 12%. 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 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jie Hui Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 26
Wuxi Chipown Micro-electronics limited to Report Fiscal Year 2025 Results on Mar 14, 2026 Wuxi Chipown Micro-electronics limited announced that they will report fiscal year 2025 results on Mar 14, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.26 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.68 (up from CN¥0.26 in 3Q 2024). Revenue: CN¥241.3m (down 5.0% from 3Q 2024). Net income: CN¥87.3m (up 162% from 3Q 2024). Profit margin: 36% (up from 13% in 3Q 2024). Revenue is forecast to grow 19% 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 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Wuxi Chipown Micro-electronics limited to Report Q3, 2025 Results on Oct 25, 2025 Wuxi Chipown Micro-electronics limited announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥72.80, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 19% over the past three years. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.16 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.16 in 2Q 2024). Revenue: CN¥334.6m (up 34% from 2Q 2024). Net income: CN¥49.4m (up 146% from 2Q 2024). Profit margin: 15% (up from 8.0% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 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 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Wuxi Chipown Micro-electronics limited to Report First Half, 2025 Results on Aug 16, 2025 Wuxi Chipown Micro-electronics limited announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • May 26
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 167% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (40% 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 7.5% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 8x cash flows per share. Dividend yield: 0.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥41.90, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 45% over the past three years. Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.87 (up from CN¥0.50 in FY 2023). Revenue: CN¥964.6m (up 24% from FY 2023). Net income: CN¥111.3m (up 87% from FY 2023). Profit margin: 12% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 19% 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 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Wuxi Chipown Micro-electronics limited, Annual General Meeting, Apr 22, 2025 Wuxi Chipown Micro-electronics limited, Annual General Meeting, Apr 22, 2025, at 10:00 China Standard Time. Location: 2F, No. 16, Changjiang Road, Xinwu District, Wuxi, Jiangsu China Announcement • Mar 28
Wuxi Chipown Micro-electronics limited to Report Q1, 2025 Results on Apr 17, 2025 Wuxi Chipown Micro-electronics limited announced that they will report Q1, 2025 results on Apr 17, 2025 New Risk • Mar 13
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 8.2% 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. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.87 (vs CN¥0.50 in FY 2023) Full year 2024 results: EPS: CN¥0.87 (up from CN¥0.50 in FY 2023). Revenue: CN¥964.6m (up 24% from FY 2023). Net income: CN¥111.3m (up 87% from FY 2023). Profit margin: 12% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥47.77, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥38.94, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 31x in the Semiconductor industry in China. Total loss to shareholders of 64% over the past three years. Announcement • Dec 27
Wuxi Chipown Micro-electronics limited to Report Fiscal Year 2024 Results on Mar 29, 2025 Wuxi Chipown Micro-electronics limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.10 in 3Q 2023). Revenue: CN¥253.9m (up 30% from 3Q 2023). Net income: CN¥33.3m (up 179% from 3Q 2023). Profit margin: 13% (up from 6.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% 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 only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Wuxi Chipown Micro-electronics limited to Report Q3, 2024 Results on Oct 26, 2024 Wuxi Chipown Micro-electronics limited announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.24 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.24 in 2Q 2023). Revenue: CN¥249.9m (up 27% from 2Q 2023). Net income: CN¥20.1m (down 27% from 2Q 2023). Profit margin: 8.0% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% 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 39% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Wuxi Chipown Micro-electronics limited to Report First Half, 2024 Results on Aug 17, 2024 Wuxi Chipown Micro-electronics limited announced that they will report first half, 2024 results on Aug 17, 2024 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥36.10, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.05 per share. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (in line with 1Q 2023). Revenue: CN¥203.3m (up 8.7% from 1Q 2023). Net income: CN¥23.8m (up 16% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 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 35% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.79 in FY 2022). Revenue: CN¥780.4m (up 8.4% from FY 2022). Net income: CN¥59.5m (down 34% from FY 2022). Profit margin: 7.6% (down from 13% in FY 2022). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 19% p.a. on average during the next 3 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 25% per year whereas the company’s share price has fallen by 28% per year. Major Estimate Revision • Apr 16
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.15b to CN¥959.7m. EPS estimate fell from CN¥1.40 to CN¥0.955 per share. Net income forecast to grow 114% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥46.00 unchanged from last update. Share price fell 14% to CN¥27.40 over the past week. Announcement • Apr 13
Wuxi Chipown Micro-electronics limited, Annual General Meeting, May 07, 2024 Wuxi Chipown Micro-electronics limited, Annual General Meeting, May 07, 2024, at 10:00 China Standard Time. Announcement • Mar 29
Wuxi Chipown Micro-electronics limited to Report Q1, 2024 Results on Apr 27, 2024 Wuxi Chipown Micro-electronics limited announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥32.12, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 53% over the past three years. Announcement • Mar 11
Wuxi Chipown Micro-electronics limited (SHSE:688508) announces an Equity Buyback for CNY 80 million worth of its shares. Wuxi Chipown Micro-electronics limited (SHSE:688508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price not more than CNY 53.24 per share. The purpose of the program is to maintain company value and shareholders’ equity. The funds for the repurchases are the company's own funds or loans from financial institutions. The program will be valid for a period of 3 months. Reported Earnings • Feb 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.79 in FY 2022). Revenue: CN¥780.1m (up 8.4% from FY 2022). Net income: CN¥58.8m (down 35% from FY 2022). Profit margin: 7.5% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 30% 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 25% per year and the company’s share price has also fallen by 25% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥31.27, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 62% over the past three years. Announcement • Jan 26
Wuxi Chipown Micro-electronics limited (SHSE:688508) announces an Equity Buyback for CNY 80 million worth of its shares. Wuxi Chipown Micro-electronics limited (SHSE:688508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of CNY 67.55 per share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded from own funds or loans from financial institutions. The program is valid for a period of 12 months. Price Target Changed • Nov 07
Price target decreased by 7.7% to CN¥84.50 Down from CN¥91.50, the current price target is an average from 2 analysts. New target price is 48% above last closing price of CN¥57.06. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.79 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in 3Q 2022). Revenue: CN¥195.7m (up 29% from 3Q 2022). Net income: CN¥11.9m (down 42% from 3Q 2022). Profit margin: 6.1% (down from 14% in 3Q 2022). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 75%. Revenue is forecast to grow 36% 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 fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. New Risk • Sep 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (11% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.22 in 2Q 2022). Revenue: CN¥197.2m (up 3.7% from 2Q 2022). Net income: CN¥27.6m (up 12% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 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 3% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Wuxi Chipown Micro-electronics limited to Report First Half, 2023 Results on Aug 30, 2023 Wuxi Chipown Micro-electronics limited announced that they will report first half, 2023 results on Aug 30, 2023 Upcoming Dividend • May 02
Upcoming dividend of CN¥0.25 per share at 0.4% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (0.8%). Reported Earnings • Mar 17
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.79 (down from CN¥1.78 in FY 2021). Revenue: CN¥719.6m (down 4.5% from FY 2021). Net income: CN¥89.8m (down 55% from FY 2021). Profit margin: 13% (down from 27% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Jan 18
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥769.4m to CN¥718.8m. EPS estimate also fell from CN¥1.04 per share to CN¥0.80 per share. Net income forecast to shrink 2.4% next year vs 42% growth forecast for Semiconductor industry in China . Consensus price target up from CN¥71.00 to CN¥89.25. Share price rose 16% to CN¥85.68 over the past week. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥85.68, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 14% over the past year. Price Target Changed • Nov 16
Price target decreased to CN¥92.90 Down from CN¥108, the current price target is an average from 2 analysts. New target price is 31% above last closing price of CN¥70.80. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥1.78 last year. Buying Opportunity • Nov 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥76.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 134% in 2 years. Earnings is forecast to grow by 186% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥62.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥75.65 per share. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.52 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.18 (down from CN¥0.52 in 3Q 2021). Revenue: CN¥152.1m (down 27% from 3Q 2021). Net income: CN¥20.5m (down 65% from 3Q 2021). Profit margin: 14% (down from 28% in 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.36 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.36 in 2Q 2021). Revenue: CN¥190.2m (up 3.5% from 2Q 2021). Net income: CN¥24.7m (down 39% from 2Q 2021). Profit margin: 13% (down from 22% in 2Q 2021). Over the next year, revenue is forecast to grow 65%, compared to a 47% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥79.36, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.24 per share. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥81.96, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 4.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.73 per share. Price Target Changed • May 05
Price target decreased to CN¥119 Down from CN¥135, the current price target is an average from 5 analysts. New target price is 73% above last closing price of CN¥68.89. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of CN¥2.16 for next year compared to CN¥1.78 last year. Major Estimate Revision • May 05
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.14b to CN¥1.09b. EPS estimate also fell from CN¥2.47 per share to CN¥2.16 per share. Net income forecast to grow 33% next year vs 48% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥135 to CN¥119. Share price rose 4.9% to CN¥68.89 over the past week. Major Estimate Revision • May 04
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.14b to CN¥1.11b. EPS estimate also fell from CN¥2.47 per share to CN¥1.88 per share. Net income forecast to grow 21% next year vs 49% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥135 to CN¥119. Share price fell 7.1% to CN¥65.68 over the past week. Price Target Changed • Apr 30
Price target decreased to CN¥125 Down from CN¥135, the current price target is an average from 5 analysts. New target price is 90% above last closing price of CN¥65.68. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.88 for next year compared to CN¥1.78 last year. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.26 in 1Q 2021). Revenue: CN¥185.2m (up 30% from 1Q 2021). Net income: CN¥33.6m (up 14% from 1Q 2021). Profit margin: 18% (down from 21% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 57%, compared to a 44% growth forecast for the industry in China. Announcement • Apr 09
Wuxi Chipown Micro-electronics limited (SHSE:688508) announces an Equity Buyback for CNY 110 million worth of its shares. Wuxi Chipown Micro-electronics limited (SHSE:688508) announces a share repurchase program. Under the program, the company will repurchase up to CNY 110 million worth of its shares. The program is valid for a period of 6 months. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥91.94, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 34% over the past year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥107, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 24% over the past year. Reported Earnings • Feb 21
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.78 (up from CN¥1.04 in FY 2020). Revenue: CN¥753.2m (up 75% from FY 2020). Net income: CN¥201.3m (up 102% from FY 2020). Profit margin: 27% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 52%, compared to a 56% growth forecast for the industry in China. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥209.1m (up 69% from 3Q 2020). Net income: CN¥58.8m (up 115% from 3Q 2020). Profit margin: 28% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.23 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥183.8m (up 98% from 2Q 2020). Net income: CN¥40.7m (up 114% from 2Q 2020). Profit margin: 22% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥84.35, the stock trades at a forward P/E ratio of 72x. Average forward P/E is 54x in the Semiconductor industry in China. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥1.04 (vs CN¥0.84 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥429.3m (up 28% from FY 2019). Net income: CN¥99.7m (up 51% from FY 2019). Profit margin: 23% (up from 20% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥73.55, the stock trades at a trailing P/E ratio of 70.7x, down from the previous P/E ratio of 85.6x. Average P/E is 62x in the Semiconductor industry in China. Is New 90 Day High Low • Mar 15
New 90-day low: CN¥73.55 The company is down 29% from a price of CN¥104 on 15 December 2020. Underperformed the Chinese market, which is flat over the last 90 days. Lagged the Semiconductor industry, which is down 10.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥93.00 The company is down 11% from its price of CN¥105 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.79 per share. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥101 The company is down 30% from its price of CN¥143 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.85 per share. Announcement • Oct 20
Wuxi Chipown Micro-electronics limited to Report Q3, 2020 Results on Oct 26, 2020 Wuxi Chipown Micro-electronics limited announced that they will report Q3, 2020 results on Oct 26, 2020