New Risk • May 13
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 Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 51% per year over the past 5 years. Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥1.26 loss per share (vs CN¥0.40 profit in FY 2024) Full year 2025 results: CN¥1.26 loss per share (down from CN¥0.40 profit in FY 2024). Revenue: CN¥726.8m (down 22% from FY 2024). Net loss: CN¥127.2m (down 414% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 18, 2026 Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Xinyichang Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Mar 05
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 Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Mar 05
Full year 2025 earnings released: CN¥1.31 loss per share (vs CN¥0.40 profit in FY 2024) Full year 2025 results: CN¥1.31 loss per share (down from CN¥0.40 profit in FY 2024). Revenue: CN¥726.8m (down 22% from FY 2024). Net loss: CN¥132.9m (down 429% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Feb 02
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.9% operating cash flow to total debt). Earnings have declined by 37% per year over the past 5 years. Announcement • Dec 26
Shenzhen Xinyichang Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.044 (vs CN¥0.031 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.044 (up from CN¥0.031 in 3Q 2024). Revenue: CN¥192.0m (down 8.3% from 3Q 2024). Net income: CN¥5.20m (up 64% from 3Q 2024). Profit margin: 2.7% (up from 1.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% 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, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen Xinyichang Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: CN¥0.12 loss per share (vs CN¥0.37 profit in 2Q 2024) Second quarter 2025 results: CN¥0.12 loss per share (down from CN¥0.37 profit in 2Q 2024). Revenue: CN¥175.0m (down 41% from 2Q 2024). Net loss: CN¥9.08m (down 124% from profit in 2Q 2024). Revenue is forecast to grow 30% 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, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 09
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (86% 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 decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 261% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Shenzhen Xinyichang Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. New Risk • May 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 29% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.28 in 1Q 2024). Revenue: CN¥226.7m (down 14% from 1Q 2024). Net income: CN¥11.7m (down 60% from 1Q 2024). Profit margin: 5.2% (down from 11% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 19, 2025 Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 16% per year over the past 5 years. Announcement • Mar 28
Shenzhen Xinyichang Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Mar 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥44.87. The fair value is estimated to be CN¥57.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to grow by 120% in 2 years. Earnings are forecast to grow by 381% in the next 2 years. Announcement • Dec 27
Shenzhen Xinyichang Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥51.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.83 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥209.3m (down 27% from 3Q 2023). Net income: CN¥3.18m (down 74% from 3Q 2023). Profit margin: 1.5% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% 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 52% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 16
Now 21% undervalued Over the last 90 days, the stock has risen 12% to CN¥53.48. The fair value is estimated to be CN¥67.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 89% in 2 years. Earnings are forecast to grow by 291% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥56.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.41 per share. New Risk • Sep 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 9.6% 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 (9.6% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (7.8% net profit margin). Announcement • Sep 30
Shenzhen Xinyichang Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥46.26, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Semiconductor industry in China. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.89 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.14 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.14 loss in 2Q 2023). Revenue: CN¥297.3m (up 64% from 2Q 2023). Net income: CN¥37.4m (up CN¥51.6m from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. 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 45% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Shenzhen Xinyichang Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Major Estimate Revision • May 06
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.64b to CN¥1.32b. EPS estimate fell from CN¥2.75 to CN¥1.81 per share. Net income forecast to grow 565% next year vs 59% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥125 to CN¥73.20. Share price rose 6.3% to CN¥68.71 over the past week. Announcement • May 01
Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 20, 2024 Shenzhen Xinyichang Technology Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 2F, Tower C8, Ruiming Industrial Park, Hexiu West Road, Fuhai Subdistrict, Bao'an District, Shenzhen, Guangdong China Reported Earnings • Apr 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.59 (down from CN¥2.01 in FY 2022). Revenue: CN¥1.04b (down 12% from FY 2022). Net income: CN¥60.3m (down 71% from FY 2022). Profit margin: 5.8% (down from 17% in FY 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Shenzhen Xinyichang Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Feb 23
Shenzhen Xinyichang Technology Co., Ltd. (SHSE:688383) announces an Equity Buyback for CNY 50 million worth of its shares. Shenzhen Xinyichang Technology Co., Ltd. (SHSE:688383) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 116.92 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid till 12 months. Reported Earnings • Jan 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.59 (down from CN¥2.01 in FY 2022). Revenue: CN¥1.04b (down 12% from FY 2022). Net income: CN¥60.2m (down 71% from FY 2022). Profit margin: 5.8% (down from 17% in FY 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 64%. 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. Price Target Changed • Nov 03
Price target decreased by 8.9% to CN¥141 Down from CN¥155, the current price target is an average from 2 analysts. New target price is 44% above last closing price of CN¥98.00. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥1.89 for next year compared to CN¥2.01 last year. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.39b to CN¥1.29b. EPS estimate also fell from CN¥2.22 per share to CN¥1.85 per share. Net income forecast to grow 442% next year vs 73% growth forecast for Semiconductor industry in China. Consensus price target of CN¥154 unchanged from last update. Share price rose 24% to CN¥98.00 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.84 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.84 in 3Q 2022). Revenue: CN¥285.5m (down 21% from 3Q 2022). Net income: CN¥12.1m (down 86% from 3Q 2022). Profit margin: 4.2% (down from 24% in 3Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥88.96, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 39% over the past year. New Risk • Aug 11
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 8.8% 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 (8.8% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Aug 11
Second quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.51 profit in 2Q 2022) Second quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.51 profit in 2Q 2022). Revenue: CN¥180.9m (down 39% from 2Q 2022). Net loss: CN¥14.2m (down 128% from profit in 2Q 2022). Revenue is forecast to grow 33% 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 • Aug 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥97.47, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 33% over the past year. Announcement • Jun 28
Shenzhen Xinyichang Technology Co., Ltd. to Report First Half, 2023 Results on Aug 11, 2023 Shenzhen Xinyichang Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 11, 2023 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥137, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 45% over the past year. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.57 (vs CN¥0.69 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.57 (down from CN¥0.69 in 1Q 2022). Revenue: CN¥358.2m (up 2.1% from 1Q 2022). Net income: CN¥58.3m (down 18% from 1Q 2022). Profit margin: 16% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥125, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 36% over the past year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥1.99 (vs CN¥2.48 in FY 2021) Full year 2022 results: EPS: CN¥1.99 (down from CN¥2.48 in FY 2021). Revenue: CN¥1.18b (down 1.1% from FY 2021). Net income: CN¥203.1m (down 13% from FY 2021). Profit margin: 17% (down from 19% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Price Target Changed • Nov 16
Price target increased to CN¥127 Up from CN¥101, the current price target is an average from 2 analysts. New target price is 5.9% below last closing price of CN¥135. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥2.93 for next year compared to CN¥2.48 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.84 (vs CN¥0.56 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.84 (up from CN¥0.56 in 3Q 2021). Revenue: CN¥360.5m (up 20% from 3Q 2021). Net income: CN¥86.3m (up 50% from 3Q 2021). Profit margin: 24% (up from 19% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥142, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 26% over the past year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.66 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.51 (down from CN¥0.66 in 2Q 2021). Revenue: CN¥294.4m (flat on 2Q 2021). Net income: CN¥51.2m (down 16% from 2Q 2021). Profit margin: 17% (down from 21% in 2Q 2021). Over the next year, revenue is forecast to grow 32%, compared to a 49% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥119, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 39x in the Semiconductor industry in China. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥87.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥117, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 34x in the Semiconductor industry in China. Total loss to shareholders of 1.3% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥104, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 2.2% over the past year. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥85.66, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Semiconductor industry in China. Total returns to shareholders of 4.0% over the past year. Price Target Changed • Apr 28
Price target decreased to CN¥112 Down from CN¥138, the current price target is an average from 4 analysts. New target price is 39% above last closing price of CN¥80.52. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of CN¥3.04 for next year compared to CN¥2.48 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.69 (up from CN¥0.58 in 1Q 2021). Revenue: CN¥350.7m (up 42% from 1Q 2021). Net income: CN¥70.9m (up 43% from 1Q 2021). Profit margin: 20% (in line with 1Q 2021). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 26%, compared to a 44% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥76.05, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 35x in the Semiconductor industry in China. Reported Earnings • Mar 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥2.47 (up from CN¥1.40 in FY 2020). Revenue: CN¥1.20b (up 70% from FY 2020). Net income: CN¥231.2m (up 115% from FY 2020). Profit margin: 19% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 28%, compared to a 55% growth forecast for the industry in China.