Price Target Changed • Apr 27
Price target increased by 7.7% to CN¥53.05 Up from CN¥49.26, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥55.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.50 last year. Reported Earnings • Apr 25
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.063 in 1Q 2025). Revenue: CN¥2.86b (up 21% from 1Q 2025). Net income: CN¥330.0m (up 297% from 1Q 2025). Profit margin: 12% (up from 3.5% in 1Q 2025). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 25
China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026 China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China Ankündigung • Mar 30
China Resources Microelectronics Limited to Report Q1, 2026 Results on Apr 25, 2026 China Resources Microelectronics Limited announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Feb 28
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.50 (down from CN¥0.58 in FY 2024). Revenue: CN¥11.1b (up 9.2% from FY 2024). Net income: CN¥661.4m (down 13% from FY 2024). Profit margin: 6.0% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 12% 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 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jan 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 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Ankündigung • Dec 26
China Resources Microelectronics Limited to Report Fiscal Year 2025 Results on Apr 25, 2026 China Resources Microelectronics Limited announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥2.85b (up 5.1% from 3Q 2024). Net income: CN¥186.7m (down 15% from 3Q 2024). Profit margin: 6.5% (down from 8.1% in 3Q 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 12% 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 fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 30
China Resources Microelectronics Limited to Report Q3, 2025 Results on Oct 31, 2025 China Resources Microelectronics Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 02
Price target increased by 7.5% to CN¥48.25 Up from CN¥44.88, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥50.22. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.58 last year. Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.815 to CN¥0.717 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 31% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥48.25. Share price fell 2.6% to CN¥50.22 over the past week. Ankündigung • Jun 30
China Resources Microelectronics Limited to Report First Half, 2025 Results on Aug 29, 2025 China Resources Microelectronics Limited announced that they will report first half, 2025 results on Aug 29, 2025 Ankündigung • Jun 24
China Resources Microelectronics Limited(SHSE:688396) dropped from Shanghai Stock Exchange 180 Value Index China Resources Microelectronics Limited removed from Shanghai Stock Exchange 180 Value Index Declared Dividend • Jun 09
Dividend of CN¥0.058 announced Shareholders will receive a dividend of CN¥0.058. Ex-date: 12th June 2025 Payment date: 12th June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 11%. Major Estimate Revision • May 23
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.763 to CN¥0.853. Revenue forecast steady at CN¥11.4b. Net income forecast to grow 48% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥43.18 unchanged from last update. Share price fell 3.9% to CN¥46.12 over the past week. Major Estimate Revision • May 06
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.5b. EPS estimate fell from CN¥1.16 to CN¥0.993 per share. Net income forecast to grow 43% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥43.07. Share price was steady at CN¥46.89 over the past week. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.063 (up from CN¥0.025 in 1Q 2024). Revenue: CN¥2.35b (up 11% from 1Q 2024). Net income: CN¥83.2m (up 151% from 1Q 2024). Profit margin: 3.5% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 12% 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 43% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 30
China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025 China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥46.27, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 37x in the Semiconductor industry in China. Total loss to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.32 per share. Ankündigung • Mar 28
China Resources Microelectronics Limited to Report Q1, 2025 Results on Apr 30, 2025 China Resources Microelectronics Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Major Estimate Revision • Mar 13
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.4b. EPS estimate fell from CN¥1.32 to CN¥1.18 per share. Net income forecast to grow 101% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥44.90. Share price fell 5.0% to CN¥47.10 over the past week. Reported Earnings • Feb 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.59 (down from CN¥1.12 in FY 2023). Revenue: CN¥10.1b (up 2.2% from FY 2023). Net income: CN¥775.8m (down 48% from FY 2023). Profit margin: 7.7% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 13% 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 37% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 27
China Resources Microelectronics Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 China Resources Microelectronics Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Price Target Changed • Nov 03
Price target increased by 11% to CN¥43.37 Up from CN¥39.01, the current price target is an average from 7 analysts. New target price is 12% below last closing price of CN¥49.31. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥1.12 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥2.71b (up 8.4% from 3Q 2023). Net income: CN¥219.0m (down 21% from 3Q 2023). Profit margin: 8.1% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 12% 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 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥47.50, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 28% over the past three years. Ankündigung • Sep 30
China Resources Microelectronics Limited to Report Q3, 2024 Results on Oct 31, 2024 China Resources Microelectronics Limited announced that they will report Q3, 2024 results on Oct 31, 2024 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¥39.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.30 per share. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥10.2b to CN¥10.6b. EPS estimate fell from CN¥0.92 to CN¥0.805 per share. Net income forecast to grow 31% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥39.16. Share price was steady at CN¥35.30 over the past week. Reported Earnings • Sep 01
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥2.64b (down 1.5% from 2Q 2023). Net income: CN¥247.1m (down 38% from 2Q 2023). Profit margin: 9.3% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 12% 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 18% per year whereas the company’s share price has fallen by 22% per year. Ankündigung • Jun 29
China Resources Microelectronics Limited to Report First Half, 2024 Results on Aug 30, 2024 China Resources Microelectronics Limited announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.11 announced Shareholders will receive a dividend of CN¥0.11. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Price Target Changed • May 02
Price target decreased by 8.3% to CN¥50.09 Down from CN¥54.62, the current price target is an average from 7 analysts. New target price is 37% above last closing price of CN¥36.49. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥1.12 last year. Major Estimate Revision • May 02
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.5b to CN¥10.2b. EPS estimate fell from CN¥1.37 to CN¥1.24 per share. Net income forecast to grow 32% next year vs 61% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥54.62 to CN¥50.09. Share price fell 2.4% to CN¥36.49 over the past week. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥2.12b (down 9.8% from 1Q 2023). Net income: CN¥33.2m (down 91% from 1Q 2023). Profit margin: 1.6% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 93%. Revenue is forecast to grow 19% 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 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Ankündigung • Apr 27
China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024 China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: No. 88, Liangqing Road, Binhu District, Wuxi, Jiangsu China Ankündigung • Mar 30
China Resources Microelectronics Limited to Report Q1, 2024 Results on Apr 26, 2024 China Resources Microelectronics Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥1.98 in FY 2022) Full year 2023 results: EPS: CN¥1.12 (down from CN¥1.98 in FY 2022). Revenue: CN¥9.90b (down 1.6% from FY 2022). Net income: CN¥1.48b (down 43% from FY 2022). Profit margin: 15% (down from 26% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% 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 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.53 in 3Q 2022). Revenue: CN¥2.50b (flat on 3Q 2022). Net income: CN¥278.3m (down 60% from 3Q 2022). Profit margin: 11% (down from 28% in 3Q 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.1b to CN¥10.1b. EPS estimate also fell from CN¥1.41 per share to CN¥1.03 per share. Net income forecast to shrink 13% next year vs 74% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥57.14. Share price was steady at CN¥53.15 over the past week. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.6b to CN¥11.5b. EPS estimate also fell from CN¥1.80 per share to CN¥1.45 per share. Net income forecast to grow 11% next year vs 70% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥58.40 to CN¥56.87. Share price fell 2.5% to CN¥56.85 over the past week. Reported Earnings • Aug 31
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.56 in 2Q 2022). Revenue: CN¥2.68b (up 2.0% from 2Q 2022). Net income: CN¥397.5m (down 46% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 05
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¥11.6b to CN¥11.1b. EPS estimate also fell from CN¥1.86 per share to CN¥1.55 per share. Net income forecast to shrink 2.8% next year vs 72% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥60.17. Share price was steady at CN¥58.28 over the past week. Reported Earnings • Apr 29
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.47 in 1Q 2022). Revenue: CN¥2.35b (down 6.7% from 1Q 2022). Net income: CN¥380.4m (down 39% from 1Q 2022). Profit margin: 16% (down from 25% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 19% 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 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: CN¥1.98 (vs CN¥1.76 in FY 2021) Full year 2022 results: EPS: CN¥1.98 (up from CN¥1.76 in FY 2021). Revenue: CN¥10.1b (up 8.8% from FY 2021). Net income: CN¥2.62b (up 16% from FY 2021). Profit margin: 26% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: CN¥0.53 (up from CN¥0.47 in 3Q 2021). Revenue: CN¥2.49b (flat on 3Q 2021). Net income: CN¥703.1m (up 14% from 3Q 2021). Profit margin: 28% (up from 25% in 3Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 20
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: CN¥0.56 (up from CN¥0.52 in 2Q 2021). Revenue: CN¥2.63b (up 9.2% from 2Q 2021). Net income: CN¥734.6m (up 10.0% from 2Q 2021). Profit margin: 28% (in line with 2Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 24%, compared to a 49% growth forecast for the Semiconductor industry in China. Price Target Changed • Jun 24
Price target decreased to CN¥67.50 Down from CN¥72.95, the current price target is an average from 7 analysts. New target price is 18% above last closing price of CN¥57.32. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.90 for next year compared to CN¥1.76 last year. Board Change • Jun 04
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, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last director to join the board, commencing their role in 2021. 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 • Apr 27
Price target decreased to CN¥74.45 Down from CN¥81.46, the current price target is an average from 8 analysts. New target price is 58% above last closing price of CN¥47.00. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥1.86 for next year compared to CN¥1.76 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.33 in 1Q 2021). Revenue: CN¥2.51b (up 23% from 1Q 2021). Net income: CN¥619.4m (up 55% from 1Q 2021). Profit margin: 25% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 19%, compared to a 44% growth forecast for the industry in China. Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.72 (up from CN¥0.84 in FY 2020). Revenue: CN¥9.23b (up 32% from FY 2020). Net income: CN¥2.21b (up 130% from FY 2020). Profit margin: 24% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 55% growth forecast for the industry in China. Price Target Changed • Jan 28
Price target decreased to CN¥84.83 Down from CN¥91.52, the current price target is an average from 9 analysts. New target price is 55% above last closing price of CN¥54.69. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥0.84 last year. Price Target Changed • Oct 29
Price target decreased to CN¥92.68 Down from CN¥102, the current price target is an average from 7 analysts. New target price is 50% above last closing price of CN¥61.78. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥0.84 last year. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.47b (up 35% from 3Q 2020). Net income: CN¥616.0m (up 117% from 3Q 2020). Profit margin: 25% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥71.61, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 54x in the Semiconductor industry in China. Total returns to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥96.49 per share. Price Target Changed • Aug 20
Price target increased to CN¥106 Up from CN¥96.40, the current price target is an average from 7 analysts. New target price is 21% above last closing price of CN¥87.30. Stock is up 71% over the past year. Price Target Changed • Jul 09
Price target increased to CN¥90.20 Up from CN¥81.50, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥87.80. Stock is up 56% over the past year. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥70.90, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.59 per share. Price Target Changed • May 20
Price target increased to CN¥81.50 Up from CN¥75.80, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CN¥60.26. Stock is up 44% over the past year. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.84 (vs CN¥0.46 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.98b (up 22% from FY 2019). Net income: CN¥963.7m (up 141% from FY 2019). Profit margin: 14% (up from 7.0% in FY 2019). The increase in margin was driven by higher revenue. Major Estimate Revision • May 01
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥8.31b to CN¥9.47b. EPS estimate unchanged from CN¥1.04 at last update. Semiconductor industry in China expected to see average net income growth of 50% next year. Consensus price target of CN¥75.80 unchanged from last update. Share price rose 2.6% to CN¥63.50 over the past week. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥58.02, the stock is trading at a trailing P/E ratio of 75.8x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 66x in the Semiconductor industry in China. Total returns to shareholders over the past year are 29%. Major Estimate Revision • Feb 26
Analysts update estimates The 2021 consensus revenue estimate increased from CN¥8.14b to CN¥9.10b. Earning per share (EPS) estimate was unchanged from the last update at CN¥0.97. The Semiconductor industry in China is expected to see an average net income growth of 54% next year. The consensus price target of CN¥76.50 was unchanged from the last update. Share price is down by 1.7% to CN¥60.81 over the past week. Ankündigung • Feb 12
China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion. China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion on February 10, 2021. Under the terms, China Resources Microelectronics Limited will pay 50% price within 30 days of contract takes effect and remaining 50% will be paid within 5 days of completion. Among the acquisition funds, CNY 1.2 billion came from the China Resources Microelectronics Limited’s IPO over-raised funds and the exercise of the over-allotment option corresponding to the raised funds, plus self-owned funds of CNY 207.2 million. Transaction was reviewed and approved by Board of Directors and needs to be submitted to the shareholders meeting. Is New 90 Day High Low • Dec 01
New 90-day high: CN¥61.50 The company is up 28% from its price of CN¥48.07 on 02 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.64 per share. Valuation Update With 7 Day Price Move • Oct 26
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥49.03, the stock is trading at a trailing P/E ratio of 75.4x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 75x in the Semiconductor industry in China. Ankündigung • Oct 20
China Resources Microelectronics Limited announced that it expects to receive CNY 5 billion in funding China Resources Microelectronics Limited (SHSE:688396) announced a private placement of not more than 135,102,799 A shares for gross proceeds of not more than CNY 5,000,000,000 on October 19, 2020. The transaction will include participation from not more than 35 specific investors. The transaction has been approved at the 16th meeting of the 1st directorate of the company and is subject to approval at the shareholder's meeting, Shanghai Stock Exchange and from China Securities Regulatory Commission. The shareholders' approval will be valid for 12 months from the date of approval at the shareholders' meeting. The shares issued in the transaction shall not be listed for trading within six months from the end of the issuance. Ankündigung • Oct 19
China Resources Microelectronics Limited to Report Q3, 2020 Results on Oct 20, 2020 China Resources Microelectronics Limited announced that they will report Q3, 2020 results on Oct 20, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥59.00 The company is up 6.0% from its price of CN¥55.82 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.70 per share.