New Risk • Jun 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% 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 (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Annuncio • Apr 03
Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, Apr 23, 2026 Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: CN¥1.17 (vs CN¥0.96 in FY 2024) Full year 2025 results: EPS: CN¥1.17 (up from CN¥0.96 in FY 2024). Revenue: CN¥488.7m (up 24% from FY 2024). Net income: CN¥97.3m (up 24% from FY 2024). Profit margin: 20% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year. Annuncio • Mar 30
Guangdong Cellwise Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥1.15 (vs CN¥0.96 in FY 2024) Full year 2025 results: EPS: CN¥1.15 (up from CN¥0.96 in FY 2024). Revenue: CN¥488.7m (up 24% from FY 2024). Net income: CN¥96.3m (up 22% from FY 2024). Profit margin: 20% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Dec 26
Guangdong Cellwise Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.37 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.27 (down from CN¥0.37 in 3Q 2024). Revenue: CN¥125.6m (up 9.8% from 3Q 2024). Net income: CN¥22.7m (down 24% from 3Q 2024). Profit margin: 18% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Annuncio • Sep 30
Guangdong Cellwise Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Dividend per share is over 42x cash flows per share. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥67.28, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 69x in the Semiconductor industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥54.74, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 69x in the Semiconductor industry in China. Total loss to shareholders of 11% over the past three years. Declared Dividend • Jul 07
Dividend increased to CN¥1.00 Dividend of CN¥1.00 is 400% higher than last year. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to grow by 4.4% to bring the payout ratio under control, which is less than the 72% EPS growth achieved over the last 5 years. Annuncio • Jun 30
Guangdong Cellwise Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Apr 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 156% Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.96 (vs CN¥0.73 in FY 2023) Full year 2024 results: EPS: CN¥0.96 (up from CN¥0.73 in FY 2023). Revenue: CN¥393.0m (up 58% from FY 2023). Net income: CN¥78.8m (up 32% from FY 2023). Profit margin: 20% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Annuncio • Apr 10
Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, Jun 10, 2025 Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, Jun 10, 2025, at 14:30 China Standard Time. Location: 3F, Building 3, No. 6, Gongye South Road, Songshan Lake Park, Dongguan, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥38.13, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 66x in the Semiconductor industry in China. Total returns to shareholders of 19% over the past year. Annuncio • Mar 28
Guangdong Cellwise Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CN¥0.98 (vs CN¥0.73 in FY 2023) Full year 2024 results: EPS: CN¥0.98 (up from CN¥0.73 in FY 2023). Revenue: CN¥393.0m (up 58% from FY 2023). Net income: CN¥80.1m (up 34% from FY 2023). Profit margin: 20% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥44.09, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 27% over the past year. Annuncio • Dec 27
Guangdong Cellwise Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% 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. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to CN¥60.34, the stock trades at a trailing P/E ratio of 49.3x. Average trailing P/E is 68x in the Semiconductor industry in China. Total returns to shareholders of 41% over the past year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥114.4m (up 72% from 3Q 2023). Net income: CN¥29.8m (up 104% from 3Q 2023). Profit margin: 26% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥49.17, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 39% over the past year. Annuncio • Sep 30
Guangdong Cellwise Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to CN¥39.80, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 50x in the Semiconductor industry in China. Total returns to shareholders of 5.1% over the past year. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.074 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.074 in 2Q 2023). Revenue: CN¥102.8m (up 84% from 2Q 2023). Net income: CN¥22.9m (up 273% from 2Q 2023). Profit margin: 22% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Jul 24
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 7.3% 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. This is currently the only risk that has been identified for the company. Annuncio • Jun 29
Guangdong Cellwise Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.02 loss in 1Q 2023). Revenue: CN¥63.9m (up 122% from 1Q 2023). Net income: CN¥7.42m (up CN¥9.01m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. New Risk • Apr 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.73 (vs CN¥0.71 in FY 2022) Full year 2023 results: EPS: CN¥0.73 (up from CN¥0.71 in FY 2022). Revenue: CN¥249.3m (up 25% from FY 2022). Net income: CN¥59.8m (up 15% from FY 2022). Profit margin: 24% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Annuncio • Apr 16
Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, May 21, 2024 Guangdong Cellwise Microelectronics Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Annuncio • Mar 30
Guangdong Cellwise Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Guangdong Cellwise Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to CN¥38.09, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 55x in the Semiconductor industry in China. Total loss to shareholders of 19% over the past year. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.71 (vs CN¥0.71 in FY 2022) Full year 2023 results: EPS: CN¥0.71. Revenue: CN¥249.3m (up 25% from FY 2022). Net income: CN¥58.1m (up 12% from FY 2022). Profit margin: 23% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.09, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year. Annuncio • Jan 25
Guangdong Cellwise Microelectronics Co., Ltd. (SHSE:688325) announces an Equity Buyback for CNY 50 million worth of its shares. Guangdong Cellwise Microelectronics Co., Ltd. (SHSE:688325) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 45 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The source of funds is the company's over-raised funds. The program will be valid for 12 months. New Risk • Nov 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 204% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.2% increase in shares outstanding). New Risk • Nov 06
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 6.3% 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 (6.3% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Major Estimate Revision • Nov 03
Consensus EPS estimates increase by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥205.7m to CN¥215.6m. EPS estimate increased from CN¥0.23 to CN¥0.33 per share. Net income forecast to shrink 16% next year vs 73% growth forecast for Semiconductor industry in China . Consensus price target up from CN¥33.00 to CN¥36.00. Share price rose 12% to CN¥40.46 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.027 loss in 3Q 2022). Revenue: CN¥66.4m (up 86% from 3Q 2022). Net income: CN¥14.6m (up CN¥16.7m from 3Q 2022). Profit margin: 22% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 89%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Price Target Changed • Aug 29
Price target decreased by 11% to CN¥33.00 Down from CN¥37.00, the current price target is provided by 1 analyst. New target price is 13% below last closing price of CN¥37.83. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.71 last year. New Risk • Aug 20
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: 16% Last year net profit margin: 26% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Reported Earnings • Aug 19
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.074 (down from CN¥0.21 in 2Q 2022). Revenue: CN¥55.8m (flat on 2Q 2022). Net income: CN¥6.13m (down 61% from 2Q 2022). Profit margin: 11% (down from 28% in 2Q 2022). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Price Target Changed • May 10
Price target decreased by 7.5% to CN¥37.00 Down from CN¥40.00, the current price target is provided by 1 analyst. New target price is 7.7% below last closing price of CN¥40.09. Stock is down 21% over the past year. The company posted earnings per share of CN¥0.71 last year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥42.08, the stock trades at a trailing P/E ratio of 66.2x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 7.6% over the past year. Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥0.71 (vs CN¥1.49 in FY 2021) Full year 2022 results: EPS: CN¥0.71 (down from CN¥1.49 in FY 2021). Revenue: CN¥199.8m (down 41% from FY 2021). Net income: CN¥51.9m (down 42% from FY 2021). Profit margin: 26% (in line with FY 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.71 (vs CN¥1.49 in FY 2021) Full year 2022 results: EPS: CN¥0.71 (down from CN¥1.49 in FY 2021). Revenue: CN¥199.8m (down 41% from FY 2021). Net income: CN¥52.2m (down 41% from FY 2021). Profit margin: 26% (in line with FY 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥48.98, the stock trades at a trailing P/E ratio of 74.2x. Average forward P/E is 35x in the Semiconductor industry in China. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.027 loss per share (vs CN¥0.39 profit in 3Q 2021) Third quarter 2022 results: CN¥0.027 loss per share (down from CN¥0.39 profit in 3Q 2021). Revenue: CN¥35.7m (down 59% from 3Q 2021). Net loss: CN¥2.12m (down 109% from profit in 3Q 2021). 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. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥48.39, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 31x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥41.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 30x in the Semiconductor industry in China. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.35 in 1H 2021) First half 2022 results: EPS: CN¥0.42 (up from CN¥0.35 in 1H 2021). Revenue: CN¥109.0m (up 33% from 1H 2021). Net income: CN¥27.7m (up 32% from 1H 2021). Profit margin: 25% (in line with 1H 2021). Over the next year, revenue is forecast to grow 66%, compared to a 49% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥54.00, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 39x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥62.45, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 37x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥60.00, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 35x in the Semiconductor industry in China. Annuncio • Apr 23
Guangdong Cellwise Microelectronics Co., Ltd. has completed an IPO in the amount of CNY 1.491 billion. Guangdong Cellwise Microelectronics Co., Ltd. has completed an IPO in the amount of CNY 1.491 billion.
Security Name: A Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: CNY 74.55
Discount Per Security: CNY 0.37275