Price Target Changed • May 08
Price target increased by 9.3% to CN¥91.72 Up from CN¥83.90, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥88.40. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥1.38 for next year compared to CN¥0.89 last year. Upcoming Dividend • May 01
Upcoming dividend of CN¥0.20 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 20% and the cash payout ratio is 89%. Trailing yield: 0.2%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (0.4%). New Risk • Apr 12
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 8.3% 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 (8.3% average weekly change). Large one-off items impacting financial results. Anuncio • Mar 31
SG Micro Corp to Report Q1, 2026 Results on Apr 27, 2026 SG Micro Corp announced that they will report Q1, 2026 results on Apr 27, 2026 New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.89 (up from CN¥0.82 in FY 2024). Revenue: CN¥3.90b (up 17% from FY 2024). Net income: CN¥547.1m (up 9.4% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Anuncio • Mar 28
SG Micro Corp, Annual General Meeting, Apr 20, 2026 SG Micro Corp, Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: Tower D, No. 87, Xisanhuan North Road, Haidian District, Beijing China Anuncio • Dec 31
SG Micro Corp to Report Fiscal Year 2025 Results on Mar 28, 2026 SG Micro Corp announced that they will report fiscal year 2025 results on Mar 28, 2026 Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.07b to CN¥3.81b. EPS estimate also fell from CN¥1.08 per share to CN¥0.94 per share. Net income forecast to grow 46% next year vs 71% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥88.93. Share price fell 5.7% to CN¥73.70 over the past week. Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥981.8m (up 13% from 3Q 2024). Net income: CN¥142.4m (up 34% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 22% 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 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Anuncio • Sep 30
SG Micro Corp to Report Q3, 2025 Results on Oct 25, 2025 SG Micro Corp announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Sep 16
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 29
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥1.03b (up 22% from 2Q 2024). Net income: CN¥141.1m (up 14% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 21% 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 31% 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. Anuncio • Jul 02
SG Micro Corp to Report First Half, 2025 Results on Aug 29, 2025 SG Micro Corp announced that they will report first half, 2025 results on Aug 29, 2025 Major Estimate Revision • Jun 24
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥1.03 to CN¥1.14. Revenue forecast unchanged at CN¥4.14b. Net income forecast to grow 46% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥83.55. Share price rose 3.2% to CN¥71.22 over the past week. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥69.24, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.15 per share. Declared Dividend • Jun 16
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 100% higher than last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 25%. Anuncio • May 27
SG Micro Corp Approves Cash Dividend for the Year 2024 SG Micro Corp. at its AGM held on May 23, 2025 approved cash dividend of CNY 2.00 per 10 shares (tax included) for 2024. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.12 in 1Q 2024). Revenue: CN¥789.6m (up 8.3% from 1Q 2024). Net income: CN¥59.8m (up 9.9% from 1Q 2024). Profit margin: 7.6% (up from 7.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 21% 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 36% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Anuncio • Apr 29
SG Micro Corp, Annual General Meeting, May 23, 2025 SG Micro Corp, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: Tower D, No. 87, Xisanhuan North Road, Haidian District, Beijing China New Risk • Apr 14
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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 09
Price target increased by 9.3% to CN¥102 Up from CN¥92.93, the current price target is an average from 9 analysts. New target price is 5.2% above last closing price of CN¥96.57. Stock is up 61% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.60 last year. Anuncio • Mar 31
SG Micro Corp to Report Q1, 2025 Results on Apr 29, 2025 SG Micro Corp announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Feb 12
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 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 17
Now 37% overvalued Over the last 90 days, the stock has fallen 3.9% to CN¥91.80. The fair value is estimated to be CN¥67.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Anuncio • Dec 31
SG Micro Corp to Report Fiscal Year 2024 Results on Apr 29, 2025 SG Micro Corp announced that they will report fiscal year 2024 results on Apr 29, 2025 Price Target Changed • Nov 01
Price target increased by 7.9% to CN¥92.84 Up from CN¥86.07, the current price target is an average from 10 analysts. New target price is 6.3% above last closing price of CN¥87.32. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of CN¥0.88 for next year compared to CN¥0.60 last year. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.01 to CN¥0.883 per share. Revenue forecast steady at CN¥3.27b. Net income forecast to grow 54% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥88.51 to CN¥92.84. Share price fell 8.2% to CN¥87.32 over the past week. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥868.4m (up 19% from 3Q 2023). Net income: CN¥106.3m (up 103% from 3Q 2023). Profit margin: 12% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 21% 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 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Sep 30
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: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Anuncio • Sep 30
SG Micro Corp to Report Q3, 2024 Results on Oct 26, 2024 SG Micro Corp announced that they will report Q3, 2024 results on Oct 26, 2024 Anuncio • Sep 21
SG Micro Corp Appoints Du Meijie and Tang Chunlin Independent Directors SG Micro Corp. at its EGM held on 19 September 2024 approved appointment of Du Meijie and Tang Chunlin independent directors. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 31
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.13 in 2Q 2023). Revenue: CN¥847.4m (up 33% from 2Q 2023). Net income: CN¥124.3m (up 109% from 2Q 2023). Profit margin: 15% (up from 9.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year. Anuncio • Jun 29
SG Micro Corp to Report First Half, 2024 Results on Aug 30, 2024 SG Micro Corp announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 0.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 45%. Major Estimate Revision • May 03
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.41b to CN¥3.25b. EPS estimate also fell from CN¥1.38 per share to CN¥1.08 per share. Net income forecast to grow 91% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥86.08 to CN¥82.42. Share price rose 7.0% to CN¥76.87 over the past week. Anuncio • Apr 29
SG Micro Corp, Annual General Meeting, May 17, 2024 SG Micro Corp, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.065 in 1Q 2023). Revenue: CN¥729.0m (up 42% from 1Q 2023). Net income: CN¥54.4m (up 80% from 1Q 2023). Profit margin: 7.5% (up from 5.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to CN¥71.58. The fair value is estimated to be CN¥59.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 211% in the next 2 years. Anuncio • Mar 30
SG Micro Corp to Report Q1, 2024 Results on Apr 27, 2024 SG Micro Corp announced that they will report Q1, 2024 results on Apr 27, 2024 Buy Or Sell Opportunity • Mar 01
Now 22% overvalued Over the last 90 days, the stock has fallen 19% to CN¥72.95. The fair value is estimated to be CN¥59.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 225% in the next 2 years. Buy Or Sell Opportunity • Feb 06
Now 22% overvalued Over the last 90 days, the stock has fallen 27% to CN¥66.85. The fair value is estimated to be CN¥54.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 218% in the next 2 years. Anuncio • Dec 29
SG Micro Corp to Report Fiscal Year 2023 Results on Apr 27, 2024 SG Micro Corp announced that they will report fiscal year 2023 results on Apr 27, 2024 Price Target Changed • Nov 02
Price target decreased by 8.6% to CN¥86.96 Down from CN¥95.13, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥90.37. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥1.89 last year. Major Estimate Revision • Nov 01
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¥2.70b to CN¥2.63b. EPS estimate also fell from CN¥0.742 per share to CN¥0.543 per share. Net income forecast to grow 147% next year vs 71% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥94.26. Share price rose 7.0% to CN¥88.19 over the past week. New Risk • Oct 30
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 6.6% 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 (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (10.0% net profit margin). Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥732.7m (down 3.7% from 3Q 2022). Net income: CN¥52.4m (down 75% from 3Q 2022). Profit margin: 7.2% (down from 28% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 30% 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 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 14
Price target decreased by 18% to CN¥95.13 Down from CN¥116, the current price target is an average from 10 analysts. New target price is 12% above last closing price of CN¥84.72. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥1.89 last year. Price Target Changed • Sep 07
Price target decreased by 7.4% to CN¥116 Down from CN¥125, the current price target is an average from 11 analysts. New target price is 42% above last closing price of CN¥81.74. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.77 for next year compared to CN¥1.89 last year. Major Estimate Revision • Sep 05
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.23b to CN¥2.83b. EPS estimate fell from CN¥1.51 to CN¥1.41 per share. Net income forecast to grow 93% next year vs 70% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥121. Share price rose 11% to CN¥83.42 over the past week. Reported Earnings • Aug 29
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.60 in 2Q 2022). Revenue: CN¥635.1m (down 28% from 2Q 2022). Net income: CN¥59.4m (down 79% from 2Q 2022). Profit margin: 9.4% (down from 32% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 29% 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 33% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥74.28, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.88 per share. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥85.73, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.06 per share. Anuncio • Jun 13
SG Micro Corp Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 16, 2023 SG Micro Corp. announced final cash dividend of CNY 3.00 per 10 shares on A shares for the year 2022. Record date is June 15, 2023, Ex-Date is June 16, 2023 and Payment Date is June 16, 2023. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.88b to CN¥3.57b. EPS estimate also fell from CN¥3.08 per share to CN¥2.38 per share. Net income forecast to grow 48% next year vs 61% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥197 to CN¥180. Share price fell 16% to CN¥124 over the past week. Price Target Changed • Apr 29
Price target decreased by 8.3% to CN¥180 Down from CN¥197, the current price target is an average from 12 analysts. New target price is 45% above last closing price of CN¥124. Stock is down 34% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.45 last year. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥124, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Apr 23
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: CN¥0.084 (down from CN¥0.73 in 1Q 2022). Revenue: CN¥513.3m (down 34% from 1Q 2022). Net income: CN¥30.2m (down 88% from 1Q 2022). Profit margin: 5.9% (down from 34% in 1Q 2022). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 84%. 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. 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 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥187, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 131% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Qinghui Sheng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Nov 11
Price target decreased to CN¥184 Down from CN¥201, the current price target is an average from 12 analysts. New target price is 19% above last closing price of CN¥155. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥2.79 for next year compared to CN¥1.98 last year. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.47b to CN¥3.14b. EPS estimate also fell from CN¥3.00 per share to CN¥2.66 per share. Net income forecast to grow 23% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥223 to CN¥201. Share price rose 9.2% to CN¥159 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.59 (up from CN¥0.54 in 3Q 2021). Revenue: CN¥760.9m (up 23% from 3Q 2021). Net income: CN¥210.7m (up 11% from 3Q 2021). Profit margin: 28% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 20%. 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, earnings per share has increased by 64% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 29
Price target decreased to CN¥205 Down from CN¥223, the current price target is an average from 12 analysts. New target price is 41% above last closing price of CN¥146. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥2.95 for next year compared to CN¥1.98 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: CN¥0.79 (up from CN¥0.53 in 2Q 2021). Revenue: CN¥876.1m (up 68% from 2Q 2021). Net income: CN¥279.7m (up 51% from 2Q 2021). Profit margin: 32% (down from 36% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 38%, compared to a 49% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Anuncio • Jun 17
Sg Micro Corp Implements Final Profit Distribution Plan for 2021, Payable on June 22, 2022 SG Micro Corp. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 5.00000000. Record date is 21 June 2022, Ex-date is 22 June 2022, Payment date is 22 June 2022. Anuncio • May 17
SG Micro Corp Approves Dividend for 2021 SG Micro Corp. held its Annual General Meeting of 2021 on 13 May 2022 approved Cash dividend of CNY 5.00000000 per 10 shares (tax included). Major Estimate Revision • Apr 29
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥3.20b to CN¥3.25b. EPS estimate increased from CN¥3.83 to CN¥4.38 per share. Net income forecast to grow 23% next year vs 45% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥400. Share price was steady at CN¥280 over the past week. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Qinghui Sheng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Anuncio • Apr 26
SG Micro Corp Announces Profit Distribution Proposal for 2021 SG Micro Corp. announced on 25 April 2022 the profit distribution proposal for 2021. Cash dividend of CNY 5.00000000 per 10 shares (tax included). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.81 (vs CN¥0.44 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥619.9m (up 56% from 3Q 2020). Net income: CN¥190.7m (up 86% from 3Q 2020). Profit margin: 31% (up from 26% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 19
Price target increased to CN¥389 Up from CN¥361, the current price target is an average from 12 analysts. New target price is 21% above last closing price of CN¥322. Stock is up 93% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥1.24 last year. Price Target Changed • Sep 02
Price target increased to CN¥340 Up from CN¥315, the current price target is an average from 11 analysts. New target price is 11% above last closing price of CN¥305. Stock is up 54% over the past year. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 2 highly experienced directors. Independent Director Qinghui Sheng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.79 (vs CN¥0.32 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥521.5m (up 91% from 2Q 2020). Net income: CN¥185.1m (up 149% from 2Q 2020). Profit margin: 36% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 26
Consensus EPS estimates increase to CN¥1.93 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥1.67b to CN¥1.76b. EPS estimate increased from CN¥1.74 to CN¥1.93 per share. Net income forecast to grow 45% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥211 to CN¥269. Share price rose 8.9% to CN¥286 over the past week. Price Target Changed • Jul 21
Price target increased to CN¥231 Up from CN¥212, the current price target is an average from 9 analysts. New target price is 12% below last closing price of CN¥263. Stock is up 5.5% over the past year. Price Target Changed • Jun 20
Price target decreased to CN¥141 Down from CN¥205, the current price target is an average from 9 analysts. New target price is 32% below last closing price of CN¥207. Stock is up 18% over the past year. Major Estimate Revision • Jun 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from CN¥1.72 to CN¥1.15. Revenue forecast unchanged from CN¥1.66b at last update. Net income forecast to grow 29% next year vs 48% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥205 to CN¥141. Share price rose 6.2% to CN¥207 over the past week. Price Target Changed • Jun 18
Price target decreased to CN¥176 Down from CN¥214, the current price target is an average from 9 analysts. New target price is 14% below last closing price of CN¥205. Stock is up 17% over the past year. Anuncio • May 21
SG Micro Corp Approves Cash Dividend for the Year 2020 SG Micro Corp. at its annual general meeting held on May 18, 2021, approved cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2020. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥1.87 (vs CN¥1.14 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.20b (up 51% from FY 2019). Net income: CN¥288.8m (up 64% from FY 2019). Profit margin: 24% (up from 22% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 08
New 90-day low: CN¥246 The company is down 16% from its price of CN¥292 on 08 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.39 per share. Is New 90 Day High Low • Jan 27
New 90-day high: CN¥351 The company is up 35% from its price of CN¥260 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.94 per share. Price Target Changed • Nov 14
Price target lowered to CN¥298 Down from CN¥334, the current price target is an average from 9 analysts. The new target price is close to the current share price of CN¥310. As of last close, the stock is up 88% over the past year. 
