Anji Microelectronics Technology (Shanghai)（688019）株式概要安吉微電子科技（上海）有限公司 詳細688019 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長6/6過去の実績4/6財務の健全性5/6配当金0/6報酬株価収益率（ 68.1 x）は、 Semiconductor業界平均（ 126.7 x）を下回っています。収益は年間29.44%増加すると予測されています 過去1年間で収益は37.7%増加しました リスク分析高いレベルの非現金収入 CN市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る688019 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥246.1030.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture08b2016201920222025202620282031Revenue CN¥8.1bEarnings CN¥2.5bAdvancedSet Fair ValueView all narrativesAnji Microelectronics Technology (Shanghai) Co., Ltd. 競合他社Circuit Fabology Microelectronics EquipmentSymbol: SHSE:688630Market cap: CN¥64.1bWuhan DR Laser TechnologyLtdSymbol: SZSE:300776Market cap: CN¥48.6bSuzhou Maxwell TechnologiesSymbol: SZSE:300751Market cap: CN¥62.1bBeijing Huafeng Test & Control TechnologyLtdSymbol: SHSE:688200Market cap: CN¥81.8b価格と性能株価の高値、安値、推移の概要Anji Microelectronics Technology (Shanghai)過去の株価現在の株価CN¥246.1052週高値CN¥268.0852週安値CN¥105.68ベータ0.191ヶ月の変化2.81%3ヶ月変化36.01%1年変化122.95%3年間の変化237.93%5年間の変化240.64%IPOからの変化402.04%最新ニュースValuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥234, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 207% over the past three years.New Risk • Jun 09New minor risk - Share price stabilityThe 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥268, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 147% over the past three years.Major Estimate Revision • Apr 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥7.27 to CN¥6.31. Revenue forecast unchanged from CN¥3.18b at last update. Net income forecast to grow 38% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥306 unchanged from last update. Share price was steady at CN¥249 over the past week.Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.66 (up from CN¥3.18 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥783.6m (up 47% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 27% per year.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥234, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 207% over the past three years.New Risk • Jun 09New minor risk - Share price stabilityThe 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥268, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 147% over the past three years.Major Estimate Revision • Apr 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥7.27 to CN¥6.31. Revenue forecast unchanged from CN¥3.18b at last update. Net income forecast to grow 38% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥306 unchanged from last update. Share price was steady at CN¥249 over the past week.Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.66 (up from CN¥3.18 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥783.6m (up 47% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 27% per year.お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 15, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Area, Shanghai Chinaお知らせ • Mar 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥258, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 159% over the past three years.Major Estimate Revision • Mar 12Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.35b to CN¥3.59b. EPS estimate increased from CN¥6.51 to CN¥7.27 per share. Net income forecast to grow 55% next year vs 64% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥302. Share price fell 2.1% to CN¥244 over the past week.Reported Earnings • Mar 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.69 (up from CN¥3.19 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥789.2m (up 48% from FY 2024). Profit margin: 32% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 35% per year.Price Target Changed • Jan 30Price target increased by 21% to CN¥301Up from CN¥248, the current price target is an average from 3 analysts. New target price is 12% above last closing price of CN¥270. Stock is up 141% over the past year. The company is forecast to post earnings per share of CN¥4.83 for next year compared to CN¥3.18 last year.Price Target Changed • Jan 07Price target increased by 8.0% to CN¥238Up from CN¥220, the current price target is an average from 4 analysts. New target price is 15% below last closing price of CN¥278. Stock is up 173% over the past year. The company is forecast to post earnings per share of CN¥4.83 for next year compared to CN¥3.18 last year.お知らせ • Dec 26Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026Price Target Changed • Nov 07Price target increased by 7.6% to CN¥178Up from CN¥165, the current price target is an average from 4 analysts. New target price is 10% below last closing price of CN¥198. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥4.72 for next year compared to CN¥3.18 last year.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥192, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 92% over the past three years.Reported Earnings • Oct 29Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CN¥1.38 (up from CN¥0.95 in 3Q 2024). Revenue: CN¥670.7m (up 30% from 3Q 2024). Net income: CN¥232.7m (up 47% from 3Q 2024). Profit margin: 35% (up from 31% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 23% 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 increased by 30% per year whereas the company’s share price has increased by 29% per year.New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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. This is currently the only risk that has been identified for the company.お知らせ • Sep 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥219, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 72% over the past three years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥190, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥78.87 per share.Reported Earnings • Aug 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CN¥1.23 (up from CN¥0.77 in 2Q 2024). Revenue: CN¥596.2m (up 42% from 2Q 2024). Net income: CN¥206.8m (up 60% from 2Q 2024). Profit margin: 35% (up from 31% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. 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 increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025Major Estimate Revision • Jun 16Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥4.37 to CN¥3.36. Revenue forecast unchanged from CN¥2.45b at last update. Net income forecast to grow 29% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥149 to CN¥140. Share price was steady at CN¥137 over the past week.Price Target Changed • May 05Price target increased by 13% to CN¥189Up from CN¥167, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥185. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥5.32 for next year compared to CN¥4.14 last year.New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 16Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: CN¥4.14 (up from CN¥3.15 in FY 2023). Revenue: CN¥1.84b (up 48% from FY 2023). Net income: CN¥533.6m (up 33% from FY 2023). Profit margin: 29% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% 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 increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 14, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Area, Shanghai Chinaお知らせ • Mar 28Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025Price Target Changed • Mar 25Price target increased by 8.4% to CN¥155Up from CN¥143, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥162. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥5.38 for next year compared to CN¥4.17 last year.Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: CN¥4.17 (up from CN¥3.15 in FY 2023). Revenue: CN¥1.84b (up 48% from FY 2023). Net income: CN¥538.2m (up 34% from FY 2023). Profit margin: 29% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 2 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 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 27Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥163, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 41% over the past three years.Reported Earnings • Oct 30Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CN¥1.23 (up from CN¥0.62 in 3Q 2023). Revenue: CN¥515.0m (up 59% from 3Q 2023). Net income: CN¥158.6m (up 97% from 3Q 2023). Profit margin: 31% (up from 25% in 3Q 2023). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).お知らせ • Sep 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 33%After last week's 33% share price gain to CN¥140, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 41% over the past three years.Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥1.01 (vs CN¥1.24 in 2Q 2023)Second quarter 2024 results: EPS: CN¥1.01 (down from CN¥1.24 in 2Q 2023). Revenue: CN¥418.8m (up 37% from 2Q 2023). Net income: CN¥128.9m (down 19% from 2Q 2023). Profit margin: 31% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jul 23New minor risk - Share price stabilityThe 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 (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).Price Target Changed • Jul 16Price target increased by 8.6% to CN¥140Up from CN¥129, the current price target is an average from 5 analysts. New target price is 15% above last closing price of CN¥121. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of CN¥3.65 for next year compared to CN¥3.15 last year.Major Estimate Revision • Jul 12Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥3.02 to CN¥3.51. Revenue forecast steady at CN¥1.67b. Net income forecast to grow 14% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥129 to CN¥136. Share price fell 4.9% to CN¥116 over the past week.お知らせ • Jun 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024Major Estimate Revision • Jun 13Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥3.40 to CN¥3.02. Revenue forecast unchanged from CN¥1.66b at last update. Net income forecast to grow 10% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥135 to CN¥129. Share price rose 4.2% to CN¥133 over the past week.New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% 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 High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥132, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥164, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 60% over the past three years.Reported Earnings • Apr 18Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥4.09 (up from CN¥3.11 in FY 2022). Revenue: CN¥1.24b (up 15% from FY 2022). Net income: CN¥402.7m (up 34% from FY 2022). Profit margin: 33% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 09, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 09, 2024, at 14:00 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Zone, Shanghai Chinaお知らせ • Mar 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Feb 27Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥3.99 (up from CN¥3.11 in FY 2022). Revenue: CN¥1.24b (up 15% from FY 2022). Net income: CN¥386.8m (up 28% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 25% p.a. on average during the next 2 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 42% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥142, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥97.13 per share.お知らせ • Dec 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Reported Earnings • Nov 02Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: CN¥0.81. Revenue: CN¥323.3m (up 11% from 3Q 2022). Net income: CN¥80.4m (flat on 3Q 2022). Profit margin: 25% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).お知らせ • Sep 09Anji Microelectronics Technology (Shanghai) Co., Ltd. (SHSE:688019) announces an Equity Buyback for CNY 20 million worth of its shares.Anji Microelectronics Technology (Shanghai) Co., Ltd. (SHSE:688019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price not more than CNY 180 per share. The source of funds for repurchases is company's self-raised funds. The repurchased shares will be used for employee stock ownership and/or equity incentive plan. The program will be valid for 12 months.Price Target Changed • Sep 07Price target decreased by 10% to CN¥173Down from CN¥193, the current price target is an average from 5 analysts. New target price is 9.8% above last closing price of CN¥158. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥4.16 for next year compared to CN¥3.53 last year.Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: CN¥2.76 (up from CN¥1.68 in 2Q 2022). Revenue: CN¥305.6m (up 13% from 2Q 2022). Net income: CN¥158.8m (up 82% from 2Q 2022). Profit margin: 52% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 24% 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 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jun 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥4.25 to CN¥3.70 per share. Revenue forecast steady at CN¥1.40b. Net income forecast to grow 26% next year vs 65% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥185. Share price was steady at CN¥181 over the past week.Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥228, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 14% over the past three years.Price Target Changed • Apr 29Price target increased by 8.0% to CN¥242Up from CN¥224, the current price target is an average from 5 analysts. New target price is 10% below last closing price of CN¥270. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥4.78 for next year compared to CN¥4.59 last year.Reported Earnings • Apr 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥4.02 (up from CN¥1.68 in FY 2021). Revenue: CN¥1.08b (up 57% from FY 2021). Net income: CN¥299.8m (up 140% from FY 2021). Profit margin: 28% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 28% 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 increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥243, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 45x in the Semiconductor industry in China. Total returns to shareholders of 145% over the past three years.Price Target Changed • Nov 26Price target increased to CN¥241Up from CN¥213, the current price target is an average from 5 analysts. New target price is 26% above last closing price of CN¥192. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥3.33 for next year compared to CN¥1.68 last year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tianxi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 31Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: CN¥1.07 (up from CN¥0.34 in 3Q 2021). Revenue: CN¥290.4m (up 55% from 3Q 2021). Net income: CN¥79.7m (up 221% from 3Q 2021). Profit margin: 27% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 27% 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 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Oct 15Price target decreased to CN¥207Down from CN¥236, the current price target is an average from 4 analysts. New target price is 10% above last closing price of CN¥188. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥3.56 for next year compared to CN¥1.68 last year.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 31% share price decline to CN¥180, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 28x in the Semiconductor industry in China. Total returns to shareholders of 98% over the past three years.Major Estimate Revision • Sep 06Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥1.04b to CN¥1.12b. EPS estimate increased from CN¥2.89 to CN¥3.56 per share. Net income forecast to grow 64% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥226 to CN¥257. Share price was steady at CN¥257 over the past week.Price Target Changed • Sep 02Price target increased to CN¥257Up from CN¥226, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥262. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥3.13 for next year compared to CN¥1.68 last year.Price Target Changed • Aug 17Price target increased to CN¥226Up from CN¥209, the current price target is an average from 5 analysts. New target price is 15% below last closing price of CN¥266. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥2.89 for next year compared to CN¥1.68 last year.Price Target Changed • May 25Price target decreased to CN¥174Down from CN¥209, the current price target is an average from 4 analysts. New target price is 17% below last closing price of CN¥210. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥3.05 for next year compared to CN¥2.35 last year.Valuation Update With 7 Day Price Move • May 24Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to CN¥208, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 4.4% over the past year.Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.74 (up from CN¥0.04 in 1Q 2021). Revenue: CN¥233.1m (up 95% from 1Q 2021). Net income: CN¥39.6m (up CN¥37.5m from 1Q 2021). Profit margin: 17% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 48%, compared to a 44% growth forecast for the industry in China.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tianxi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 16Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.35 (down from CN¥2.90 in FY 2020). Revenue: CN¥686.7m (up 63% from FY 2020). Net income: CN¥125.1m (down 19% from FY 2020). Profit margin: 18% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 53%, compared to a 46% growth forecast for the industry in China.Price Target Changed • Apr 03Price target decreased to CN¥298Down from CN¥326, the current price target is an average from 5 analysts. New target price is 6.5% above last closing price of CN¥279. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥4.35 for next year compared to CN¥2.36 last year.Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.36 (down from CN¥2.90 in FY 2020). Revenue: CN¥686.5m (up 63% from FY 2020). Net income: CN¥125.6m (down 19% from FY 2020). Profit margin: 18% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 46%, compared to a 56% growth forecast for the industry in China.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥1.20 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥187.5m (up 60% from 3Q 2020). Net income: CN¥24.9m (down 61% from 3Q 2020). Profit margin: 13% (down from 55% in 3Q 2020).Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥1.28 (vs CN¥0.50 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥163.7m (up 72% from 2Q 2020). Net income: CN¥70.1m (up 167% from 2Q 2020). Profit margin: 43% (up from 28% in 2Q 2020).Price Target Changed • Jul 29Price target decreased to CN¥336Down from CN¥452, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥340. Stock is down 13% over the past year.株主還元688019CN SemiconductorCN 市場7D5.7%12.0%3.5%1Y122.9%136.8%36.8%株主還元を見る業界別リターン: 688019過去 1 年間で136.8 % の収益を上げたCN Semiconductor業界を下回りました。リターン対市場: 688019過去 1 年間で36.8 % の収益を上げたCN市場を上回りました。価格変動Is 688019's price volatile compared to industry and market?688019 volatility688019 Average Weekly Movement8.7%Semiconductor Industry Average Movement9.2%Market Average Movement6.7%10% most volatile stocks in CN Market10.6%10% least volatile stocks in CN Market4.4%安定した株価: 688019の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 688019の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004785Ming Zhangwww.anjimicro.com安吉微電子科技(上海)有限公司は、中国国内外において半導体材料の研究開発、製造、販売を行っています。銅・銅バリア層用化学機械研磨スラリー、タングステン用スラリー、誘電体材料用化学機械研磨スラリー、誘電体スラリー、基板用化学機械研磨スラリー、新材料・新プロセス用研磨スラリーなどを提供。また、ポストエッチングやCMP洗浄液、フォトレジスト剥離剤、エッチャント、ECDめっき液や添加剤など、調合された電子ウェットケミカルも提供している。安吉微電子科技（上海）有限公司は2004年に設立され、中国・上海に本社を置いている。もっと見るAnji Microelectronics Technology (Shanghai) Co., Ltd. 基礎のまとめAnji Microelectronics Technology (Shanghai) の収益と売上を時価総額と比較するとどうか。688019 基礎統計学時価総額CN¥58.51b収益（TTM）CN¥822.49m売上高(TTM)CN¥2.68b68.1xPER（株価収益率20.9xP/Sレシオ688019 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計688019 損益計算書（TTM）収益CN¥2.68b売上原価CN¥1.20b売上総利益CN¥1.48bその他の費用CN¥658.49m収益CN¥822.49m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）3.62グロス・マージン55.20%純利益率30.66%有利子負債／自己資本比率7.2%688019 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.2%現在の配当利回り10%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/23 18:18終値2026/06/23 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Anji Microelectronics Technology (Shanghai) Co., Ltd. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Lei JiangChina International Capital Corporation LimitedChao LiCitic Securities Co., Ltd.Jiaying ZongEast Asia Qianhai Securities Co., Ltd4 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥234, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 207% over the past three years.
New Risk • Jun 09New minor risk - Share price stabilityThe 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥268, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 147% over the past three years.
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥7.27 to CN¥6.31. Revenue forecast unchanged from CN¥3.18b at last update. Net income forecast to grow 38% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥306 unchanged from last update. Share price was steady at CN¥249 over the past week.
Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.66 (up from CN¥3.18 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥783.6m (up 47% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 27% per year.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥234, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 207% over the past three years.
New Risk • Jun 09New minor risk - Share price stabilityThe 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 (26% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
Declared Dividend • Jun 08Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 26% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥268, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 147% over the past three years.
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥7.27 to CN¥6.31. Revenue forecast unchanged from CN¥3.18b at last update. Net income forecast to grow 38% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target of CN¥306 unchanged from last update. Share price was steady at CN¥249 over the past week.
Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.66 (up from CN¥3.18 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥783.6m (up 47% from FY 2024). Profit margin: 31% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 27% per year.
お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 15, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Area, Shanghai China
お知らせ • Mar 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥258, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 159% over the past three years.
Major Estimate Revision • Mar 12Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥3.35b to CN¥3.59b. EPS estimate increased from CN¥6.51 to CN¥7.27 per share. Net income forecast to grow 55% next year vs 64% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥302. Share price fell 2.1% to CN¥244 over the past week.
Reported Earnings • Mar 05Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥4.69 (up from CN¥3.19 in FY 2024). Revenue: CN¥2.50b (up 37% from FY 2024). Net income: CN¥789.2m (up 48% from FY 2024). Profit margin: 32% (up from 29% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 26% 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 increased by 30% per year whereas the company’s share price has increased by 35% per year.
Price Target Changed • Jan 30Price target increased by 21% to CN¥301Up from CN¥248, the current price target is an average from 3 analysts. New target price is 12% above last closing price of CN¥270. Stock is up 141% over the past year. The company is forecast to post earnings per share of CN¥4.83 for next year compared to CN¥3.18 last year.
Price Target Changed • Jan 07Price target increased by 8.0% to CN¥238Up from CN¥220, the current price target is an average from 4 analysts. New target price is 15% below last closing price of CN¥278. Stock is up 173% over the past year. The company is forecast to post earnings per share of CN¥4.83 for next year compared to CN¥3.18 last year.
お知らせ • Dec 26Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026
Price Target Changed • Nov 07Price target increased by 7.6% to CN¥178Up from CN¥165, the current price target is an average from 4 analysts. New target price is 10% below last closing price of CN¥198. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥4.72 for next year compared to CN¥3.18 last year.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥192, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 92% over the past three years.
Reported Earnings • Oct 29Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: CN¥1.38 (up from CN¥0.95 in 3Q 2024). Revenue: CN¥670.7m (up 30% from 3Q 2024). Net income: CN¥232.7m (up 47% from 3Q 2024). Profit margin: 35% (up from 31% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 23% 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 increased by 30% per year whereas the company’s share price has increased by 29% per year.
New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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. This is currently the only risk that has been identified for the company.
お知らせ • Sep 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥219, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 42x in the Semiconductor industry in China. Total returns to shareholders of 72% over the past three years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥190, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥78.87 per share.
Reported Earnings • Aug 29Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: CN¥1.23 (up from CN¥0.77 in 2Q 2024). Revenue: CN¥596.2m (up 42% from 2Q 2024). Net income: CN¥206.8m (up 60% from 2Q 2024). Profit margin: 35% (up from 31% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%. 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 increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025
Major Estimate Revision • Jun 16Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥4.37 to CN¥3.36. Revenue forecast unchanged from CN¥2.45b at last update. Net income forecast to grow 29% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥149 to CN¥140. Share price was steady at CN¥137 over the past week.
Price Target Changed • May 05Price target increased by 13% to CN¥189Up from CN¥167, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥185. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥5.32 for next year compared to CN¥4.14 last year.
New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 16Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: CN¥4.14 (up from CN¥3.15 in FY 2023). Revenue: CN¥1.84b (up 48% from FY 2023). Net income: CN¥533.6m (up 33% from FY 2023). Profit margin: 29% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% 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 increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 14, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 14, 2025, at 14:00 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Area, Shanghai China
お知らせ • Mar 28Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
Price Target Changed • Mar 25Price target increased by 8.4% to CN¥155Up from CN¥143, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥162. Stock is up 55% over the past year. The company is forecast to post earnings per share of CN¥5.38 for next year compared to CN¥4.17 last year.
Reported Earnings • Mar 02Full year 2024 earnings: EPS in line with analyst expectations despite revenue beatFull year 2024 results: EPS: CN¥4.17 (up from CN¥3.15 in FY 2023). Revenue: CN¥1.84b (up 48% from FY 2023). Net income: CN¥538.2m (up 34% from FY 2023). Profit margin: 29% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 2 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 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 27Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥163, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 41% over the past three years.
Reported Earnings • Oct 30Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: CN¥1.23 (up from CN¥0.62 in 3Q 2023). Revenue: CN¥515.0m (up 59% from 3Q 2023). Net income: CN¥158.6m (up 97% from 3Q 2023). Profit margin: 31% (up from 25% in 3Q 2023). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change).
お知らせ • Sep 30Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 33%After last week's 33% share price gain to CN¥140, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 41% over the past three years.
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥1.01 (vs CN¥1.24 in 2Q 2023)Second quarter 2024 results: EPS: CN¥1.01 (down from CN¥1.24 in 2Q 2023). Revenue: CN¥418.8m (up 37% from 2Q 2023). Net income: CN¥128.9m (down 19% from 2Q 2023). Profit margin: 31% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jul 23New minor risk - Share price stabilityThe 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 (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
Price Target Changed • Jul 16Price target increased by 8.6% to CN¥140Up from CN¥129, the current price target is an average from 5 analysts. New target price is 15% above last closing price of CN¥121. Stock is up 2.7% over the past year. The company is forecast to post earnings per share of CN¥3.65 for next year compared to CN¥3.15 last year.
Major Estimate Revision • Jul 12Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥3.02 to CN¥3.51. Revenue forecast steady at CN¥1.67b. Net income forecast to grow 14% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥129 to CN¥136. Share price fell 4.9% to CN¥116 over the past week.
お知らせ • Jun 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024
Major Estimate Revision • Jun 13Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥3.40 to CN¥3.02. Revenue forecast unchanged from CN¥1.66b at last update. Net income forecast to grow 10% next year vs 57% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥135 to CN¥129. Share price rose 4.2% to CN¥133 over the past week.
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% 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 High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥132, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥164, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 60% over the past three years.
Reported Earnings • Apr 18Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥4.09 (up from CN¥3.11 in FY 2022). Revenue: CN¥1.24b (up 15% from FY 2022). Net income: CN¥402.7m (up 34% from FY 2022). Profit margin: 33% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 16Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 09, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd., Annual General Meeting, May 09, 2024, at 14:00 China Standard Time. Location: 1F, T6-5, No. 5001, Huadong Road, Pudong New Zone, Shanghai China
お知らせ • Mar 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Feb 27Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥3.99 (up from CN¥3.11 in FY 2022). Revenue: CN¥1.24b (up 15% from FY 2022). Net income: CN¥386.8m (up 28% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 25% p.a. on average during the next 2 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 42% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥142, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥97.13 per share.
お知らせ • Dec 29Anji Microelectronics Technology (Shanghai) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Anji Microelectronics Technology (Shanghai) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: CN¥0.81. Revenue: CN¥323.3m (up 11% from 3Q 2022). Net income: CN¥80.4m (flat on 3Q 2022). Profit margin: 25% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
お知らせ • Sep 09Anji Microelectronics Technology (Shanghai) Co., Ltd. (SHSE:688019) announces an Equity Buyback for CNY 20 million worth of its shares.Anji Microelectronics Technology (Shanghai) Co., Ltd. (SHSE:688019) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price not more than CNY 180 per share. The source of funds for repurchases is company's self-raised funds. The repurchased shares will be used for employee stock ownership and/or equity incentive plan. The program will be valid for 12 months.
Price Target Changed • Sep 07Price target decreased by 10% to CN¥173Down from CN¥193, the current price target is an average from 5 analysts. New target price is 9.8% above last closing price of CN¥158. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥4.16 for next year compared to CN¥3.53 last year.
Reported Earnings • Aug 31Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: CN¥2.76 (up from CN¥1.68 in 2Q 2022). Revenue: CN¥305.6m (up 13% from 2Q 2022). Net income: CN¥158.8m (up 82% from 2Q 2022). Profit margin: 52% (up from 32% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 24% 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 48% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jun 15Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥4.25 to CN¥3.70 per share. Revenue forecast steady at CN¥1.40b. Net income forecast to grow 26% next year vs 65% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥185. Share price was steady at CN¥181 over the past week.
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥228, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 14% over the past three years.
Price Target Changed • Apr 29Price target increased by 8.0% to CN¥242Up from CN¥224, the current price target is an average from 5 analysts. New target price is 10% below last closing price of CN¥270. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥4.78 for next year compared to CN¥4.59 last year.
Reported Earnings • Apr 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥4.02 (up from CN¥1.68 in FY 2021). Revenue: CN¥1.08b (up 57% from FY 2021). Net income: CN¥299.8m (up 140% from FY 2021). Profit margin: 28% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 28% 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 increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥243, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 45x in the Semiconductor industry in China. Total returns to shareholders of 145% over the past three years.
Price Target Changed • Nov 26Price target increased to CN¥241Up from CN¥213, the current price target is an average from 5 analysts. New target price is 26% above last closing price of CN¥192. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥3.33 for next year compared to CN¥1.68 last year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Tianxi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 31Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: CN¥1.07 (up from CN¥0.34 in 3Q 2021). Revenue: CN¥290.4m (up 55% from 3Q 2021). Net income: CN¥79.7m (up 221% from 3Q 2021). Profit margin: 27% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 27% 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 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Oct 15Price target decreased to CN¥207Down from CN¥236, the current price target is an average from 4 analysts. New target price is 10% above last closing price of CN¥188. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥3.56 for next year compared to CN¥1.68 last year.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment deteriorated over the past weekAfter last week's 31% share price decline to CN¥180, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 28x in the Semiconductor industry in China. Total returns to shareholders of 98% over the past three years.
Major Estimate Revision • Sep 06Consensus EPS estimates increase by 23%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥1.04b to CN¥1.12b. EPS estimate increased from CN¥2.89 to CN¥3.56 per share. Net income forecast to grow 64% next year vs 52% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥226 to CN¥257. Share price was steady at CN¥257 over the past week.
Price Target Changed • Sep 02Price target increased to CN¥257Up from CN¥226, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥262. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥3.13 for next year compared to CN¥1.68 last year.
Price Target Changed • Aug 17Price target increased to CN¥226Up from CN¥209, the current price target is an average from 5 analysts. New target price is 15% below last closing price of CN¥266. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥2.89 for next year compared to CN¥1.68 last year.
Price Target Changed • May 25Price target decreased to CN¥174Down from CN¥209, the current price target is an average from 4 analysts. New target price is 17% below last closing price of CN¥210. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥3.05 for next year compared to CN¥2.35 last year.
Valuation Update With 7 Day Price Move • May 24Investor sentiment deteriorated over the past weekAfter last week's 26% share price decline to CN¥208, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 35x in the Semiconductor industry in China. Total loss to shareholders of 4.4% over the past year.
Reported Earnings • Apr 30First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.74 (up from CN¥0.04 in 1Q 2021). Revenue: CN¥233.1m (up 95% from 1Q 2021). Net income: CN¥39.6m (up CN¥37.5m from 1Q 2021). Profit margin: 17% (up from 1.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 48%, compared to a 44% growth forecast for the industry in China.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tianxi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 16Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.35 (down from CN¥2.90 in FY 2020). Revenue: CN¥686.7m (up 63% from FY 2020). Net income: CN¥125.1m (down 19% from FY 2020). Profit margin: 18% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 53%, compared to a 46% growth forecast for the industry in China.
Price Target Changed • Apr 03Price target decreased to CN¥298Down from CN¥326, the current price target is an average from 5 analysts. New target price is 6.5% above last closing price of CN¥279. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥4.35 for next year compared to CN¥2.36 last year.
Reported Earnings • Feb 27Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: CN¥2.36 (down from CN¥2.90 in FY 2020). Revenue: CN¥686.5m (up 63% from FY 2020). Net income: CN¥125.6m (down 19% from FY 2020). Profit margin: 18% (down from 37% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 46%, compared to a 56% growth forecast for the industry in China.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥1.20 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥187.5m (up 60% from 3Q 2020). Net income: CN¥24.9m (down 61% from 3Q 2020). Profit margin: 13% (down from 55% in 3Q 2020).
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥1.28 (vs CN¥0.50 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥163.7m (up 72% from 2Q 2020). Net income: CN¥70.1m (up 167% from 2Q 2020). Profit margin: 43% (up from 28% in 2Q 2020).
Price Target Changed • Jul 29Price target decreased to CN¥336Down from CN¥452, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥340. Stock is down 13% over the past year.
