Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥86.74, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 106x in the Semiconductor industry in China. Total returns to shareholders of 31% over the past year. New Risk • Jul 17
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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (63% accrual ratio). Minor Risk Dividend is not well covered by cash flows (194% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥115, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 73% over the past year. Annuncio • Jun 30
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 New Risk • Jun 15
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 (63% accrual ratio). Minor Risks Dividend is not well covered by cash flows (194% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥101, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 108x in the Semiconductor industry in China. Total returns to shareholders of 51% over the past year. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Xiao Ying Zhang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 09
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2026 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2026, at 15:00 China Standard Time. Location: Room 1301-1, Building A, No. 4068, Qiaoxiang Road, Nanshan District, Shenzhen, Guangdong China Annuncio • Mar 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 26
Shenzhen Bluetrum Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 09, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 09, 2026 Annuncio • Sep 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jun 30
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Annuncio • Apr 09
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2025 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annuncio • Mar 28
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 27
Shenzhen Bluetrum Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2025 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥91.14, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥66.76 per share. Buy Or Sell Opportunity • Nov 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to CN¥80.50. The fair value is estimated to be CN¥66.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.70 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.60 (down from CN¥0.70 in 3Q 2023). Revenue: CN¥457.0m (up 15% from 3Q 2023). Net income: CN¥72.1m (down 15% from 3Q 2023). Profit margin: 16% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥67.65, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 33x in the Semiconductor industry in China. Total returns to shareholders of 2.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.62 per share. 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 7.4% 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 (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Annuncio • Sep 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥52.00, 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 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.83 per share. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to CN¥50.20. The fair value is estimated to be CN¥63.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 68%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: CN¥0.66 (vs CN¥0.53 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.66 (up from CN¥0.53 in 2Q 2023). Revenue: CN¥428.0m (up 24% from 2Q 2023). Net income: CN¥79.8m (up 27% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Annuncio • Jun 28
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2024 Results on Aug 14, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.46 (up from CN¥0.41 in 1Q 2023). Revenue: CN¥362.9m (up 18% from 1Q 2023). Net income: CN¥54.9m (up 11% from 1Q 2023). Profit margin: 15% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥2.10 (vs CN¥1.37 in FY 2022) Full year 2023 results: EPS: CN¥2.10 (up from CN¥1.37 in FY 2022). Revenue: CN¥1.45b (up 34% from FY 2022). Net income: CN¥251.7m (up 79% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Annuncio • Apr 10
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 30, 2024 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 30, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annuncio • Mar 29
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥2.10 (vs CN¥1.37 in FY 2022) Full year 2023 results: EPS: CN¥2.10 (up from CN¥1.37 in FY 2022). Revenue: CN¥1.45b (up 34% from FY 2022). Net income: CN¥252.3m (up 79% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. New Risk • Jan 25
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: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.70 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.70 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥396.5m (up 69% from 3Q 2022). Net income: CN¥84.9m (up 242% from 3Q 2022). Profit margin: 21% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.59 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.53. Revenue: CN¥346.0m (up 11% from 2Q 2022). Net income: CN¥62.9m (up 18% from 2Q 2022). Profit margin: 18% (up from 17% in 2Q 2022). 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. 
