Board Change • May 20
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. 4 experienced directors. 2 highly experienced directors. Independent Director Zhe Mi was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 28
MLS Co., Ltd., Annual General Meeting, May 21, 2026 MLS Co., Ltd., Annual General Meeting, May 21, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Annuncio • Mar 31
MLS Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 MLS Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annuncio • Dec 31
MLS Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 MLS Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Annuncio • Sep 30
MLS Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 MLS Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jul 02
MLS Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 MLS Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • May 22
Mls Co., Ltd. Approves Final Dividend for 2024 MLS Co., Ltd. in its Annual General Meeting of 2024 on 20 May 2025 approved Cash dividend/10 shares (tax included): CNY 0.50000000. Annuncio • Apr 25
MLS Co., Ltd., Annual General Meeting, May 20, 2025 MLS Co., Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Annuncio • Mar 31
MLS Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 MLS Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Annuncio • Dec 31
MLS Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 MLS Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.062 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥4.01b (down 9.6% from 3Q 2023). Net income: CN¥100.6m (down 32% from 3Q 2023). Profit margin: 2.5% (down from 3.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
MLS Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 MLS Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.07, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 44% over the past three years. Annuncio • Sep 14
MLS Co., Ltd. Approves Interim Cash Dividend for the Year 2024 MLS Co., Ltd. at its EGM held on September 12, 2024, approved interim cash dividend/10 shares (tax included) of CNY 3.60000000 for the year 2024. Buy Or Sell Opportunity • Sep 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥6.86. The fair value is estimated to be CN¥8.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Annuncio • Aug 29
Mls Co., Ltd. Proposes Dividend for the First Half of 2024 MLS Co., Ltd. proposes Cash dividend/10 shares (tax included): CNY 3.60000000 for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.047 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.058 (up from CN¥0.047 in 2Q 2023). Revenue: CN¥4.18b (down 1.2% from 2Q 2023). Net income: CN¥80.9m (up 29% from 2Q 2023). Profit margin: 1.9% (up from 1.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.1% 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 37% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Annuncio • Jun 29
MLS Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 MLS Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 17
Dividend increased to CN¥0.34 Dividend of CN¥0.34 is 238% higher than last year. Ex-date: 22nd May 2024 Payment date: 22nd May 2024 Dividend yield will be 4.0%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is well covered by cash flows (47% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 17% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annuncio • May 16
MLS Co., Ltd. Implements Final Dividend for 2023, Payable on 22 May 2024 MLS Co., Ltd. implemented final cash dividend of CNY 3.38000000 per 10 shares (tax included) for 2023. Record date is 21 May 2024. Ex-date is 22 May 2024. Payment date is 22 May 2024. Annuncio • May 11
MLS Co., Ltd. Approves Cash Dividend MLS Co., Ltd. held its Annual General Meeting of 2023 on 09 May 2024, during which the following proposal(s) was/were approved Cash dividend/10 shares (tax included): CNY 3.38000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥4.00b (down 2.0% from 1Q 2023). Net income: CN¥181.4m (up 29% from 1Q 2023). Profit margin: 4.5% (up from 3.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% 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 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Apr 19
MLS Co., Ltd., Annual General Meeting, May 09, 2024 MLS Co., Ltd., Annual General Meeting, May 09, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.13 in FY 2022) Full year 2023 results: EPS: CN¥0.29 (up from CN¥0.13 in FY 2022). Revenue: CN¥17.5b (up 6.2% from FY 2022). Net income: CN¥429.9m (up 122% from FY 2022). Profit margin: 2.5% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 29% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥8.70. The fair value is estimated to be CN¥7.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 561% in the next 2 years. Annuncio • Mar 30
MLS Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 MLS Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥6.03, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.72 per share. Annuncio • Dec 29
MLS Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 MLS Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 New Risk • Dec 22
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥4.43b (up 8.3% from 3Q 2022). Net income: CN¥147.0m (down 24% from 3Q 2022). Profit margin: 3.3% (down from 4.7% in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.047 (vs CN¥0.015 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.047 (up from CN¥0.015 in 2Q 2022). Revenue: CN¥4.23b (up 2.9% from 2Q 2022). Net income: CN¥62.9m (up 213% from 2Q 2022). Profit margin: 1.5% (up from 0.5% in 2Q 2022). Revenue is forecast to grow 17% 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 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Annuncio • May 23
MLS Co., Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 29 May 2023 MLS Co. Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, payable on 29 May 2023. Record date is 26 May 2023. Ex-date is 29 May 2023. Annuncio • May 20
MLS Co., Ltd Approves Final Cash Dividend for the Year 2022 MLS Co. Ltd. at its AGM held on 18 May 2023 approved the profit distribution proposal of final cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.78 in FY 2021) Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.78 in FY 2021). Revenue: CN¥16.5b (down 11% from FY 2021). Net income: CN¥193.9m (down 83% from FY 2021). Profit margin: 1.2% (down from 6.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 3 highly experienced directors. Chairman of the Supervisory Board Yu Shan Lin is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 3 highly experienced directors. Chairman of the Supervisory Board Yu Shan Lin is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.19 in 3Q 2021). Revenue: CN¥4.09b (down 5.4% from 3Q 2021). Net income: CN¥192.4m (down 34% from 3Q 2021). Profit margin: 4.7% (down from 6.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. 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 9% per year, which means it is significantly lagging earnings. Board Change • Oct 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 3 highly experienced directors. Chairman of the Supervisory Board Yu Shan Lin is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Sep 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be CN¥11.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 52% in 2 years. Earnings is forecast to grow by 177% in the next 2 years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.015 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.015 (down from CN¥0.24 in 2Q 2021). Revenue: CN¥4.11b (down 12% from 2Q 2021). Net income: CN¥20.1m (down 94% from 2Q 2021). Profit margin: 0.5% (down from 7.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 32%, 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 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥12.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥10.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 39x in the Semiconductor industry in China. Total loss to shareholders of 13% over the past three years. Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Guo Yao Chen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.20 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.20 in 1Q 2021). Revenue: CN¥3.99b (down 11% from 1Q 2021). Net income: CN¥181.9m (down 39% from 1Q 2021). Profit margin: 4.6% (down from 6.6% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 26%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.78 (up from CN¥0.22 in FY 2020). Revenue: CN¥18.6b (up 7.1% from FY 2020). Net income: CN¥1.16b (up 284% from FY 2020). Profit margin: 6.2% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 30%, compared to a 54% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.35 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥4.33b (down 6.0% from 3Q 2020). Net income: CN¥290.6m (down 37% from 3Q 2020). Profit margin: 6.7% (down from 10.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.09 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥4.65b (up 38% from 2Q 2020). Net income: CN¥349.5m (up 196% from 2Q 2020). Profit margin: 7.5% (up from 3.5% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.09 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.47b (up 19% from 1Q 2020). Net income: CN¥296.5m (up 165% from 1Q 2020). Profit margin: 6.6% (up from 3.0% in 1Q 2020). The increase in margin was driven by higher revenue. 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 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥12.88 The company is down 4.0% from its price of CN¥13.44 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.24 per share. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥12.88, the stock is trading at a trailing P/E ratio of 56x, down from the previous P/E ratio of 69.3x. This compares to an average P/E of 67x in the Semiconductor industry in China. Total return to shareholders over the past three years is a loss of 27%. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.38 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥16.7b (down 12% from FY 2019). Net income: CN¥312.9m (down 36% from FY 2019). Profit margin: 1.9% (down from 2.6% in FY 2019). The decrease in margin was driven by lower revenue. 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 9% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 25%, compared to a 43% growth forecast for the Semiconductor industry in China. Is New 90 Day High Low • Jan 13
New 90-day high: CN¥15.61 The company is up 15% from its price of CN¥13.58 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.37 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥491.7m, down 39% from the prior year. Total revenue was CN¥16.4b over the last 12 months, down 18% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥13.24 The company is down 23% from its price of CN¥17.13 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.16 per share. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥14.72 The company is down 8.0% from its price of CN¥16.07 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.12 per share.