Board Change • May 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yuehua Liu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • May 09
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥8.73b to CN¥8.01b. EPS estimate rose from CN¥2.81 to CN¥3.16. Net income forecast to grow 52% next year vs 61% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥183 to CN¥206. Share price rose 13% to CN¥270 over the past week. Major Estimate Revision • May 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥9.51b to CN¥8.16b. EPS estimate fell from CN¥4.00 to CN¥2.85 per share. Net income forecast to grow 42% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥178 to CN¥204. Share price rose 3.4% to CN¥239 over the past week. Price Target Changed • May 01
Price target increased by 18% to CN¥210 Up from CN¥178, the current price target is an average from 11 analysts. New target price is 12% below last closing price of CN¥239. Stock is up 244% over the past year. The company is forecast to post earnings per share of CN¥4.03 for next year compared to CN¥2.59 last year. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.42 (vs CN¥0.58 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.42 (down from CN¥0.58 in 1Q 2025). Revenue: CN¥1.34b (down 40% from 1Q 2025). Net income: CN¥118.0m (down 27% from 1Q 2025). Profit margin: 8.8% (up from 7.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% 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 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Apr 28
Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 19, 2026 Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Ankündigung • Mar 31
Suzhou Maxwell Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Suzhou Maxwell Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥231, the stock trades at a forward P/E ratio of 65x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 25% over the past three years. Price Target Changed • Mar 13
Price target increased by 10% to CN¥147 Up from CN¥133, the current price target is an average from 10 analysts. New target price is 40% below last closing price of CN¥247. Stock is up 172% over the past year. The company is forecast to post earnings per share of CN¥3.13 for next year compared to CN¥3.32 last year. Major Estimate Revision • Jan 17
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥9.95b to CN¥8.89b. EPS estimate unchanged from CN¥3.21 per share at last update. Semiconductor industry in China expected to see average net income growth of 71% next year. Consensus price target up from CN¥86.33 to CN¥119. Share price rose 15% to CN¥238 over the past week. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥223, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 46x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years. Price Target Changed • Jan 07
Price target increased by 9.2% to CN¥90.60 Up from CN¥82.93, the current price target is an average from 9 analysts. New target price is 51% below last closing price of CN¥184. Stock is up 85% over the past year. The company is forecast to post earnings per share of CN¥3.20 for next year compared to CN¥3.32 last year. Ankündigung • Dec 31
Suzhou Maxwell Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Suzhou Maxwell Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥205, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 39x in the Semiconductor industry in China. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥183, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 39x in the Semiconductor industry in China. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥120, 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 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.50 per share. New Risk • Nov 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 9.4% 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 (9.4% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥119, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥60.63 per share. Major Estimate Revision • Nov 05
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥2.93 to CN¥3.44. Revenue forecast unchanged at CN¥10.1b. Net income forecast to grow 32% next year vs 67% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥77.07. Share price fell 4.5% to CN¥104 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.97 (down from CN¥1.06 in 3Q 2024). Revenue: CN¥1.99b (down 31% from 3Q 2024). Net income: CN¥269.4m (down 9.4% from 3Q 2024). Profit margin: 14% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 38%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 4.8% 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 fallen by 1% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. New Risk • Oct 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 8.5% 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 (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥117, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 48x in the Semiconductor industry in China. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.27 per share. Ankündigung • Sep 30
Suzhou Maxwell Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Suzhou Maxwell Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Declared Dividend • Sep 15
First half dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 17th September 2025 Payment date: 17th September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (36% 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 41% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Sep 09
Suzhou Maxwell Technologies Co., Ltd. approves Interim Profit Distribution Plan for 2025 Suzhou Maxwell Technologies Co., Ltd. announced that at its Extraordinary General Meeting of 2025 held on 08 September 2025, approved 2025 interim profit distribution plan of cash dividend per 10 shares (tax included) of CNY 5.00000000. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 7.1% After last week's 7.1% share price gain to CN¥90.36, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 41x in the Semiconductor industry in China. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.72 per share. Price Target Changed • Sep 01
Price target increased by 11% to CN¥74.27 Up from CN¥66.66, the current price target is an average from 10 analysts. New target price is 18% below last closing price of CN¥90.36. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥3.00 for next year compared to CN¥3.32 last year. Reported Earnings • Aug 23
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.83 (up from CN¥0.73 in 2Q 2024). Revenue: CN¥1.98b (down 25% from 2Q 2024). Net income: CN¥231.8m (up 15% from 2Q 2024). Profit margin: 12% (up from 7.6% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Revenue is forecast to grow 7.1% 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 increased by 1% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Ankündigung • Aug 23
Suzhou Maxwell Technologies Co., Ltd. Proposes Interim Profit Distribution Plan for 2025 Suzhou Maxwell Technologies Co., Ltd. announced that at its Extraordinary General Meeting of 2025 to be held on 08 September 2025, proposed 2025 interim profit distribution plan of cash dividend per 10 shares (tax included) of CNY 5.00000000. Buy Or Sell Opportunity • Aug 11
Now 20% overvalued Over the last 90 days, the stock has fallen 4.5% to CN¥73.92. The fair value is estimated to be CN¥61.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Buy Or Sell Opportunity • Jul 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to CN¥75.41. The fair value is estimated to be CN¥61.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Price Target Changed • Jul 23
Price target decreased by 7.4% to CN¥66.66 Down from CN¥71.99, the current price target is an average from 9 analysts. New target price is 8.5% below last closing price of CN¥72.83. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥3.39 for next year compared to CN¥3.32 last year. Ankündigung • Jul 02
Suzhou Maxwell Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Suzhou Maxwell Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Buy Or Sell Opportunity • Jun 25
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to CN¥68.87. The fair value is estimated to be CN¥56.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Buy Or Sell Opportunity • Jun 04
Now 21% overvalued Over the last 90 days, the stock has fallen 31% to CN¥68.97. The fair value is estimated to be CN¥56.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Declared Dividend • May 24
Dividend of CN¥0.60 announced Shareholders will receive a dividend of CN¥0.60. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (37% 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 41% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥83.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥58.52 per share. Board Change • May 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Supervisory Board Zhenghui Shi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 06
Now 23% overvalued Over the last 90 days, the stock has fallen 22% to CN¥71.53. The fair value is estimated to be CN¥58.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Major Estimate Revision • May 05
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥13.5b to CN¥10.6b. EPS estimate fell from CN¥5.14 to CN¥3.72 per share. Net income forecast to grow 34% next year vs 63% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥84.92 to CN¥74.51. Share price was steady at CN¥69.48 over the past week. Price Target Changed • May 04
Price target decreased by 9.0% to CN¥77.26 Down from CN¥84.92, the current price target is an average from 8 analysts. New target price is 11% above last closing price of CN¥69.48. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥4.50 for next year compared to CN¥3.32 last year. Reported Earnings • Apr 30
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.58 (down from CN¥0.93 in 1Q 2024). Revenue: CN¥2.23b (flat on 1Q 2024). Net income: CN¥162.1m (down 38% from 1Q 2024). Profit margin: 7.3% (down from 12% in 1Q 2024). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 53%. 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 increased by 5% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Ankündigung • Apr 29
Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 19, 2025 Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥68.41, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.78 per share. Ankündigung • Mar 31
Suzhou Maxwell Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Suzhou Maxwell Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Price Target Changed • Jan 20
Price target decreased by 7.4% to CN¥93.89 Down from CN¥101, the current price target is an average from 10 analysts. New target price is 5.2% below last closing price of CN¥99.00. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥3.83 for next year compared to CN¥3.29 last year. Ankündigung • Dec 31
Suzhou Maxwell Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Suzhou Maxwell Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥127, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 35x 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¥73.77 per share. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.9b to CN¥11.0b. EPS estimate also fell from CN¥4.42 per share to CN¥3.80 per share. Net income forecast to grow 53% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥98.64 to CN¥101. Share price was steady at CN¥116 over the past week. Reported Earnings • Oct 28
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥1.06 (up from CN¥1.04 in 3Q 2023). Revenue: CN¥2.90b (up 30% from 3Q 2023). Net income: CN¥297.4m (up 2.9% from 3Q 2023). Profit margin: 10% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 15% 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 increased by 12% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Ankündigung • Oct 22
Suzhou Maxwell Technologies Co., Ltd. (SZSE:300751) announces an Equity Buyback for CNY 100 million worth of its shares. Suzhou Maxwell Technologies Co., Ltd. (SZSE:300751) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 120 per share. The company intends to use its own funds to repurchase shares. The repurchased shares will be used in equity incentive plans. The share repurchase program will be valid for 3 months. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥95.01, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.93 per share. Ankündigung • Sep 30
Suzhou Maxwell Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Suzhou Maxwell Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 27
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 6.9% 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 (49% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (9.4% net profit margin). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥88.30, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.36 per share. Buy Or Sell Opportunity • Sep 27
Now 20% overvalued Over the last 90 days, the stock has fallen 26% to CN¥88.30. The fair value is estimated to be CN¥73.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Ankündigung • Sep 20
Suzhou Maxwell Technologies Co., Ltd. Implements 2024 Interim Cash Dividend of A Shares, Payable on 26 September 2024 Suzhou Maxwell Technologies Co., Ltd. implemented 2024 interim cash dividend of CNY 5.00000000 per ten A shares (tax included). Record date: 25 September 2024; Ex-date: 26 September 2024; Payment date: 26 September 2024. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥12.6b to CN¥12.3b. EPS estimate also fell from CN¥5.15 per share to CN¥3.98 per share. Net income forecast to grow 49% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥114 to CN¥99.36. Share price rose 2.7% to CN¥81.71 over the past week. Price Target Changed • Aug 30
Price target decreased by 9.4% to CN¥104 Down from CN¥114, the current price target is an average from 11 analysts. New target price is 27% above last closing price of CN¥81.71. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥3.88 for next year compared to CN¥3.29 last year. Ankündigung • Aug 30
Suzhou Maxwell Technologies Co., Ltd. Announces Profit Distribution Proposal for the First Half of 2024 Suzhou Maxwell Technologies Co., Ltd. announced on 29 August 2024 the profit distribution proposal for the first half of 2024 as follows: Cash dividend/10 shares (tax included): CNY 5.00000000. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.73. Revenue: CN¥2.65b (up 55% from 2Q 2023). Net income: CN¥201.0m (down 1.3% from 2Q 2023). Profit margin: 7.6% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥87.61, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 28x in the Semiconductor industry in China. Total loss to shareholders of 70% over the past three years. Ankündigung • Jun 29
Suzhou Maxwell Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Suzhou Maxwell Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 23
Dividend of CN¥1.10 announced Shareholders will receive a dividend of CN¥1.10. Ex-date: 27th May 2024 Payment date: 27th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (32% 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 49% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 01
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥11.5b to CN¥12.2b. EPS estimate fell from CN¥6.37 to CN¥5.47 per share. Net income forecast to grow 78% next year vs 59% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥126 to CN¥122. Share price rose 9.1% to CN¥115 over the past week. Ankündigung • Apr 27
Suzhou Maxwell Technologies Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Suzhou Maxwell Technologies Co., Ltd. proposed final cash dividend/10 shares (tax included) is CNY 11.000000 for the year 2023. Ankündigung • Apr 26
Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 16, 2024 Suzhou Maxwell Technologies Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: Building 3, No. 228, Ludang Road, Wujiang District, Suzhou, Jiangsu China Reported Earnings • Apr 25
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.93 (up from CN¥0.79 in 1Q 2023). Revenue: CN¥2.22b (up 92% from 1Q 2023). Net income: CN¥260.1m (up 18% from 1Q 2023). Profit margin: 12% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 16% 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 increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Mar 30
Suzhou Maxwell Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Suzhou Maxwell Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Price Target Changed • Mar 28
Price target decreased by 7.4% to CN¥126 Down from CN¥136, the current price target is an average from 10 analysts. New target price is 18% above last closing price of CN¥107. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥3.98 for next year compared to CN¥3.12 last year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥103, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Semiconductor industry in China. Total loss to shareholders of 3.0% over the past three years. Price Target Changed • Jan 11
Price target decreased by 7.2% to CN¥144 Down from CN¥155, the current price target is an average from 12 analysts. New target price is 15% above last closing price of CN¥125. Stock is down 54% over the past year. The company is forecast to post earnings per share of CN¥3.98 for next year compared to CN¥3.12 last year. Ankündigung • Dec 29
Suzhou Maxwell Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Suzhou Maxwell Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥128, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 12% over the past three years. Price Target Changed • Dec 02
Price target decreased by 7.8% to CN¥159 Down from CN¥172, the current price target is an average from 12 analysts. New target price is 49% above last closing price of CN¥106. Stock is down 62% over the past year. The company is forecast to post earnings per share of CN¥4.03 for next year compared to CN¥3.12 last year. Price Target Changed • Nov 02
Price target decreased by 8.5% to CN¥166 Down from CN¥181, the current price target is an average from 11 analysts. New target price is 46% above last closing price of CN¥114. Stock is down 63% over the past year. The company is forecast to post earnings per share of CN¥4.06 for next year compared to CN¥3.12 last year. New Risk • Oct 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (54% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Oct 25
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥1.04 (down from CN¥1.06 in 3Q 2022). Revenue: CN¥2.24b (up 78% from 3Q 2022). Net income: CN¥289.1m (flat on 3Q 2022). Profit margin: 13% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 18
Price target decreased by 11% to CN¥183 Down from CN¥206, the current price target is an average from 11 analysts. New target price is 47% above last closing price of CN¥125. Stock is down 60% over the past year. The company is forecast to post earnings per share of CN¥4.44 for next year compared to CN¥3.12 last year. Price Target Changed • Oct 10
Price target decreased by 9.1% to CN¥196 Down from CN¥216, the current price target is an average from 12 analysts. New target price is 52% above last closing price of CN¥129. Stock is down 56% over the past year. The company is forecast to post earnings per share of CN¥4.46 for next year compared to CN¥3.12 last year. 
