Announcement • Jun 04
Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 23, 2026 Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 23, 2026, at 14:00 China Standard Time. Location: 12F, Building 1, Tower C, IC Science and Technology Innovation Center, High-tech Zone, Chengdu, Sichuan China Reported Earnings • Apr 28
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: CN¥0.11 loss per share (further deteriorated from CN¥0.04 loss in 1Q 2025). Revenue: CN¥482.8m (down 5.1% from 1Q 2025). Net loss: CN¥48.1m (loss widened 166% from 1Q 2025). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Mar 30
Vanchip (Tianjin) Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.10 (up from CN¥0.06 loss in FY 2024). Revenue: CN¥2.32b (up 10% from FY 2024). Net income: CN¥44.9m (up CN¥68.7m from FY 2024). Profit margin: 1.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 25% 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 fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • Dec 26
Vanchip (Tianjin) Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.26 to CN¥0.29. Revenue forecast steady at CN¥2.33b. Net income forecast to grow 980% next year vs 63% growth forecast for Semiconductor industry in China. Consensus price target of CN¥38.03 unchanged from last update. Share price fell 5.4% to CN¥33.74 over the past week. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.43b to CN¥2.35b. EPS estimate also fell from CN¥0.298 per share to CN¥0.26 per share. Net income forecast to grow 956% next year vs 67% growth forecast for Semiconductor industry in China. Consensus price target of CN¥38.03 unchanged from last update. Share price fell 7.1% to CN¥35.78 over the past week. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.052 (up from CN¥0.096 loss in 3Q 2024). Revenue: CN¥572.8m (up 36% from 3Q 2024). Net income: CN¥18.0m (up CN¥61.4m from 3Q 2024). Profit margin: 3.1% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 27% 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 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Vanchip (Tianjin) Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Vanchip (Tianjin) Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Price Target Changed • Jun 12
Price target decreased by 22% to CN¥43.07 Down from CN¥55.07, the current price target is an average from 3 analysts. New target price is 46% above last closing price of CN¥29.41. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥0.32 next year compared to a net loss per share of CN¥0.06 last year. Announcement • May 20
Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 12, 2025 Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 12, 2025, at 14:30 China Standard Time. Location: Building 16, Beitou E-Town Industrial Park, Kegu 4th Street, Economic Development Zone, Beijing China Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: CN¥0.04 loss per share (further deteriorated from CN¥0.01 loss in 1Q 2024). Revenue: CN¥508.6m (up 10% from 1Q 2024). Net loss: CN¥18.1m (loss widened 237% from 1Q 2024). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 36% 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 53% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Apr 07
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 9.9% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 28
Vanchip (Tianjin) Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.06 loss per share (down from CN¥0.27 profit in FY 2023). Revenue: CN¥2.10b (down 30% from FY 2023). Net loss: CN¥23.7m (down 121% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Price Target Changed • Jan 20
Price target decreased by 18% to CN¥46.60 Down from CN¥56.87, the current price target is an average from 2 analysts. New target price is 49% above last closing price of CN¥31.23. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.04 for next year compared to CN¥0.27 last year. Announcement • Dec 27
Vanchip (Tianjin) Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Major Estimate Revision • Nov 13
Consensus revenue estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥2.12b to CN¥2.41b. EPS estimate reaffirmed at -CN¥0.15 per share. Semiconductor industry in China expected to see average net income growth of 58% next year. Consensus price target down from CN¥56.87 to CN¥55.07. Share price rose 18% to CN¥43.62 over the past week. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: CN¥0.096 loss per share (down from CN¥0.14 profit in 3Q 2023). Revenue: CN¥420.3m (down 42% from 3Q 2023). Net loss: CN¥43.4m (down 175% from profit in 3Q 2023). Revenue missed analyst estimates by 59%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥34.60, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.54 per share. Announcement • Sep 30
Vanchip (Tianjin) Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 30
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to CN¥36.32. The fair value is estimated to be CN¥26.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 208% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥30.61, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.65 per share. New Risk • Sep 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Announcement • Sep 11
Vanchip (Tianjin) Technology Co., Ltd. (SHSE:688153) announces an Equity Buyback for 3,210,600 shares, representing 0.75% for CNY 150 million. Vanchip (Tianjin) Technology Co., Ltd. (SHSE:688153) announces a share repurchase program. Under the program, the company will repurchase up to 3,210,600 shares, representing 0.75% of it's share capital for CNY 150 million worth of its shares. The shares will be purchased at a price not exceeding CNY 46.72 per share. The purpose of the program is to reduce registered capital and to maintain company value and shareholder rights. The repurchased shares will be used for employee stock ownership plans or equity incentive plans and to convert company convertible bonds, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months. As of September 9, 2024, the company has 429,997,787 shares issued and outstanding. Buy Or Sell Opportunity • Aug 30
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to CN¥32.00. The fair value is estimated to be CN¥26.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 231% in the next 2 years. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Buy Or Sell Opportunity • Aug 06
Now 21% overvalued Over the last 90 days, the stock has fallen 36% to CN¥33.20. The fair value is estimated to be CN¥27.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 231% in the next 2 years. New Risk • Jul 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 7.2% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Price Target Changed • Jun 29
Price target decreased by 14% to CN¥65.73 Down from CN¥76.50, the current price target is an average from 3 analysts. New target price is 78% above last closing price of CN¥37.00. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.27 last year. Major Estimate Revision • Jun 29
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.81b to CN¥3.74b. EPS estimate also fell from CN¥1.01 per share to CN¥0.893 per share. Net income forecast to grow 125% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥76.50 to CN¥65.73. Share price fell 12% to CN¥37.00 over the past week. Announcement • Jun 29
Vanchip (Tianjin) Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 19
Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 12, 2024 Vanchip (Tianjin) Technology Co., Ltd., Annual General Meeting, Jun 12, 2024, at 14:30 China Standard Time. New Risk • May 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Major Estimate Revision • May 04
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.78b to CN¥3.63b. EPS estimate also fell from CN¥1.16 per share to CN¥0.795 per share. Net income forecast to grow 129% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥75.50 unchanged from last update. Share price rose 5.2% to CN¥54.27 over the past week. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥0.01 loss per share (improved from CN¥0.20 loss in 1Q 2023). Revenue: CN¥461.3m (up 45% from 1Q 2023). Net loss: CN¥5.37m (loss narrowed 94% from 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Mar 29
Vanchip (Tianjin) Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Vanchip (Tianjin) Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 26
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥0.25 (up from CN¥0.14 in FY 2022). Revenue: CN¥2.98b (up 30% from FY 2022). Net income: CN¥104.6m (up 96% from FY 2022). Profit margin: 3.5% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Price Target Changed • Jan 09
Price target increased by 9.7% to CN¥80.23 Up from CN¥73.15, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥58.99. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.14 last year. Price Target Changed • Jan 02
Price target increased by 13% to CN¥77.90 Up from CN¥68.95, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥65.50. Stock is up 73% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.14 last year. New Risk • Oct 30
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 8.7% 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 Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Oct 27
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.078 in 3Q 2022). Revenue: CN¥719.7m (up 55% from 3Q 2022). Net income: CN¥57.7m (up 85% from 3Q 2022). Profit margin: 8.0% (up from 6.7% in 3Q 2022). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Sep 02
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.027 loss in 2Q 2022). Revenue: CN¥572.9m (up 26% from 2Q 2022). Net income: CN¥12.4m (up CN¥22.6m from 2Q 2022). Profit margin: 2.2% (up from net loss in 2Q 2022). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Apr 28
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: CN¥0.20 loss per share (down from CN¥0.10 profit in 1Q 2022). Revenue: CN¥318.0m (down 63% from 1Q 2022). Net loss: CN¥82.6m (down 325% from profit in 1Q 2022). Revenue missed analyst estimates by 40%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Mar 16
Consensus EPS estimates increase by 18%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.86b to CN¥2.77b. EPS estimate rose from CN¥0.33 to CN¥0.39. Net income forecast to grow 187% next year vs 44% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥55.50 to CN¥62.10. Share price rose 12% to CN¥52.61 over the past week. Reported Earnings • Feb 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥0.14 (up from CN¥0.19 loss in FY 2021). Revenue: CN¥2.29b (down 35% from FY 2021). Net income: CN¥55.2m (up CN¥123.6m from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.078 (vs CN¥0.12 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.078 (up from CN¥0.12 loss in 3Q 2021). Revenue: CN¥465.9m (down 48% from 3Q 2021). Net income: CN¥31.1m (up CN¥67.5m from 3Q 2021). Profit margin: 6.7% (up from net loss in 3Q 2021). 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 26
Second quarter 2022 earnings released Second quarter 2022 results: CN¥0.027 loss per share. Net loss: CN¥10.2m (flat on 2Q 2021). Over the next year, revenue is forecast to grow 59%, compared to a 49% growth forecast for the Semiconductor industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: EPS: CN¥0.10. Revenue: CN¥856.4m (flat on 1Q 2021). Net income: CN¥36.8m (up CN¥36.8m from 1Q 2021). Profit margin: 4.3% (up from null in 1Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 44% growth forecast for the industry in China.