View ValuationGreat Microwave Technology 将来の成長Future 基準チェック /66Great Microwave Technology利益と収益がそれぞれ年間85.5%と78%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に22.6% 85.5%なると予測されています。主要情報85.5%収益成長率85.51%EPS成長率Semiconductor 収益成長40.6%収益成長率78.0%将来の株主資本利益率22.56%アナリストカバレッジLow最終更新日25 May 2026今後の成長に関する最新情報Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.すべての更新を表示Recent updatesお知らせ • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Great Microwave Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.62 (up from CN¥0.08 in FY 2024). Revenue: CN¥431.7m (up 42% from FY 2024). Net income: CN¥133.0m (up CN¥115.1m from FY 2024). Profit margin: 31% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.お知らせ • Apr 23Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang Chinaお知らせ • Mar 30Great Microwave Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Great Microwave Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Great Microwave Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.036 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.036 in 3Q 2024). Revenue: CN¥97.5m (up 51% from 3Q 2024). Net income: CN¥38.6m (up 338% from 3Q 2024). Profit margin: 40% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% 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 fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Great Microwave Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.New Risk • Aug 13New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).お知らせ • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Great Microwave Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.分析記事 • Apr 02This Great Microwave Technology Co., Ltd. (SHSE:688270) Analyst Is Way More Bearish Than They Used To BeToday is shaping up negative for Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders, with the covering...Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.4m (up 8.0% from FY 2023). Net income: CN¥17.8m (down 75% from FY 2023). Profit margin: 5.9% (down from 26% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Mar 29Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang Chinaお知らせ • Mar 28Great Microwave Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025Great Microwave Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025分析記事 • Mar 25Market Participants Recognise Great Microwave Technology Co., Ltd.'s (SHSE:688270) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 26.9x Great Microwave Technology Co., Ltd. ( SHSE:688270...Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.5m (up 8.1% from FY 2023). Net income: CN¥18.1m (down 75% from FY 2023). Profit margin: 6.0% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 43% 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 fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Dec 27Great Microwave Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025お知らせ • Dec 03Great Microwave Technology Co., Ltd. (SHSE:688270) announces an Equity Buyback for CNY 40 million worth of its shares.Great Microwave Technology Co., Ltd. (SHSE:688270) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchase at a price of CNY 38.13 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.New Risk • Oct 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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. 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 (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.029 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.029 in 3Q 2023). Revenue: CN¥64.4m (up 8.7% from 3Q 2023). Net income: CN¥8.83m (up 38% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% 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 Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).お知らせ • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Great Microwave Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.Price Target Changed • Aug 22Price target decreased by 38% to CN¥27.84Down from CN¥44.79, the current price target is provided by 1 analyst. New target price is 33% above last closing price of CN¥20.90. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.34 last year.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 7.3% 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 (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin).お知らせ • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Great Microwave Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 1Q 2023)First quarter 2024 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 1Q 2023). Revenue: CN¥53.9m (up 29% from 1Q 2023). Net loss: CN¥5.68m (down 178% from profit in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.分析記事 • Apr 16Great Microwave Technology Co., Ltd.'s (SHSE:688270) 29% Cheaper Price Remains In Tune With RevenuesGreat Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders won't be pleased to see that the share price has had...分析記事 • Apr 05Great Microwave Technology's (SHSE:688270) Problems Go Beyond Weak ProfitA lackluster earnings announcement from Great Microwave Technology Co., Ltd. ( SHSE:688270 ) last week didn't sink the...Major Estimate Revision • Apr 05Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥424.2m to CN¥403.8m. EPS estimate also fell from CN¥1.12 per share to CN¥0.81 per share. Net income forecast to grow 71% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥62.71. Share price rose 2.4% to CN¥52.58 over the past week.Reported Earnings • Apr 01Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.72 in FY 2022). Revenue: CN¥280.8m (up 16% from FY 2022). Net income: CN¥72.5m (down 33% from FY 2022). Profit margin: 26% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.お知らせ • Mar 30Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang Chinaお知らせ • Mar 29Great Microwave Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Great Microwave Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024分析記事 • Mar 28Great Microwave Technology (SHSE:688270) Might Be Having Difficulty Using Its Capital EffectivelyIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...分析記事 • Mar 01Great Microwave Technology Co., Ltd.'s (SHSE:688270) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shares would be relieved that the share price has...Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.72 in FY 2022). Revenue: CN¥283.5m (up 17% from FY 2022). Net income: CN¥76.3m (down 29% from FY 2022). Profit margin: 27% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥39.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year.New Risk • Nov 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% 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 (8.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin).Major Estimate Revision • Nov 02Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥335.8m to CN¥318.9m. EPS estimate also fell from CN¥1.00 per share to CN¥0.894 per share. Net income forecast to grow 125% next year vs 76% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥64.89 to CN¥63.14. Share price was steady at CN¥51.01 over the past week.New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 54% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (29% net profit margin).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥69.6m (down 5.4% from 2Q 2022). Net income: CN¥26.3m (down 40% from 2Q 2022). Profit margin: 38% (down from 59% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.お知らせ • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Great Microwave Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023Reported Earnings • Apr 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.01. Revenue: CN¥242.6m (up 27% from FY 2021). Net income: CN¥107.7m (up 9.0% from FY 2021). Profit margin: 44% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.お知らせ • Feb 02A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 millionA group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million on January 31, 2023. Transfer price is CNY 97 per share and total number of shares to be acquired is 4,573,148 shares. Transaction is subject to the final handling result of China Securities Depository and Clearing Corporation Shanghai Branch.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Guomin Weng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.005 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.005 in 3Q 2021). Revenue: CN¥44.3m (up 171% from 3Q 2021). Net income: CN¥21.0m (up CN¥20.6m from 3Q 2021). Profit margin: 47% (up from 2.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥73.5m (up 350% from 2Q 2021). Net income: CN¥43.5m (up CN¥43.1m from 2Q 2021). Profit margin: 59% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 46% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥65.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 36x in the Semiconductor industry in China.Reported Earnings • Apr 08Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.21 (up from CN¥0.94 in FY 2020). Revenue: CN¥190.6m (up 25% from FY 2020). Net income: CN¥98.8m (up 28% from FY 2020). Profit margin: 52% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 34%. Over the next year, revenue is forecast to grow 42%, compared to a 47% growth forecast for the industry in China.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥56.50, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 38x in the Semiconductor industry in China.お知らせ • Jan 26Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion.Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion. Security Name: A Shares Security Type: Common Stock Securities Offered: 27,310,000 Price\Range: CNY 61.88 Transaction Features: Sponsor Backed Offering業績と収益の成長予測SHSE:688270 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20284,1301,701-912-828112/31/20271,117404274353112/31/2026705236-364-28813/31/20264801506265N/A12/31/20254321335863N/A9/30/20254231043237N/A6/30/202539075-12424N/A3/31/202532248-13338N/A12/31/202430320-1899N/A9/30/202429347-17927N/A6/30/202428845-6217N/A3/31/202429360-66-6N/A12/31/202328172-389N/A9/30/202326476-2817N/A6/30/202324991-2223N/A3/31/2023253108-59-9N/A12/31/2022243108-1618N/A9/30/2022240129-43-14N/A6/30/2022212108-45-28N/A3/31/202219496-17-8N/A12/31/202119199-45N/A9/30/202117882-22-7N/A12/31/202015277311N/A12/31/2019554N/A-13N/A12/31/20184-49N/A-11N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 688270の予測収益成長率 (年間85.5% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 688270の収益 ( 85.5% ) はCN市場 ( 26.3% ) よりも速いペースで成長すると予測されています。高成長収益: 688270の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 688270の収益 ( 78% ) CN市場 ( 16.9% ) よりも速いペースで成長すると予測されています。高い収益成長: 688270の収益 ( 78% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 688270の 自己資本利益率 は、3年後には高くなると予測されています ( 22.6 %)成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance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2026/08/24 00:03終値2026/08/24 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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Great Microwave Technology Co., Ltd. 1 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。5 アナリスト機関Wai Kin LauDaiwa Securities Co. Ltd.Man Hon YipDaiwa Securities Co. Ltd.Cong LiHuatai Research2 その他のアナリストを表示
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.
Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.
Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.
Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.
Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.
お知らせ • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Great Microwave Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026
Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.62 (up from CN¥0.08 in FY 2024). Revenue: CN¥431.7m (up 42% from FY 2024). Net income: CN¥133.0m (up CN¥115.1m from FY 2024). Profit margin: 31% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.
お知らせ • Apr 23Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
お知らせ • Mar 30Great Microwave Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Great Microwave Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Great Microwave Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026
Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.036 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.036 in 3Q 2024). Revenue: CN¥97.5m (up 51% from 3Q 2024). Net income: CN¥38.6m (up 338% from 3Q 2024). Profit margin: 40% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% 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 fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Great Microwave Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.
Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.
New Risk • Aug 13New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).
お知らせ • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Great Microwave Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025
Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.
分析記事 • Apr 02This Great Microwave Technology Co., Ltd. (SHSE:688270) Analyst Is Way More Bearish Than They Used To BeToday is shaping up negative for Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders, with the covering...
Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.4m (up 8.0% from FY 2023). Net income: CN¥17.8m (down 75% from FY 2023). Profit margin: 5.9% (down from 26% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Mar 29Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
お知らせ • Mar 28Great Microwave Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025Great Microwave Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025
分析記事 • Mar 25Market Participants Recognise Great Microwave Technology Co., Ltd.'s (SHSE:688270) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 26.9x Great Microwave Technology Co., Ltd. ( SHSE:688270...
Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.5m (up 8.1% from FY 2023). Net income: CN¥18.1m (down 75% from FY 2023). Profit margin: 6.0% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 43% 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 fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Dec 27Great Microwave Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
お知らせ • Dec 03Great Microwave Technology Co., Ltd. (SHSE:688270) announces an Equity Buyback for CNY 40 million worth of its shares.Great Microwave Technology Co., Ltd. (SHSE:688270) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchase at a price of CNY 38.13 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.
Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.
New Risk • Oct 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% 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. 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 (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.029 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.029 in 3Q 2023). Revenue: CN¥64.4m (up 8.7% from 3Q 2023). Net income: CN¥8.83m (up 38% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% 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 Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
お知らせ • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Great Microwave Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024
Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.
Price Target Changed • Aug 22Price target decreased by 38% to CN¥27.84Down from CN¥44.79, the current price target is provided by 1 analyst. New target price is 33% above last closing price of CN¥20.90. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.34 last year.
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 7.3% 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 (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin).
お知らせ • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Great Microwave Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 1Q 2023)First quarter 2024 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 1Q 2023). Revenue: CN¥53.9m (up 29% from 1Q 2023). Net loss: CN¥5.68m (down 178% from profit in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
分析記事 • Apr 16Great Microwave Technology Co., Ltd.'s (SHSE:688270) 29% Cheaper Price Remains In Tune With RevenuesGreat Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders won't be pleased to see that the share price has had...
分析記事 • Apr 05Great Microwave Technology's (SHSE:688270) Problems Go Beyond Weak ProfitA lackluster earnings announcement from Great Microwave Technology Co., Ltd. ( SHSE:688270 ) last week didn't sink the...
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥424.2m to CN¥403.8m. EPS estimate also fell from CN¥1.12 per share to CN¥0.81 per share. Net income forecast to grow 71% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥62.71. Share price rose 2.4% to CN¥52.58 over the past week.
Reported Earnings • Apr 01Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.72 in FY 2022). Revenue: CN¥280.8m (up 16% from FY 2022). Net income: CN¥72.5m (down 33% from FY 2022). Profit margin: 26% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
お知らせ • Mar 30Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
お知らせ • Mar 29Great Microwave Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Great Microwave Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
分析記事 • Mar 28Great Microwave Technology (SHSE:688270) Might Be Having Difficulty Using Its Capital EffectivelyIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
分析記事 • Mar 01Great Microwave Technology Co., Ltd.'s (SHSE:688270) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shares would be relieved that the share price has...
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.72 in FY 2022). Revenue: CN¥283.5m (up 17% from FY 2022). Net income: CN¥76.3m (down 29% from FY 2022). Profit margin: 27% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥39.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year.
New Risk • Nov 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% 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 (8.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin).
Major Estimate Revision • Nov 02Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥335.8m to CN¥318.9m. EPS estimate also fell from CN¥1.00 per share to CN¥0.894 per share. Net income forecast to grow 125% next year vs 76% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥64.89 to CN¥63.14. Share price was steady at CN¥51.01 over the past week.
New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 54% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (29% net profit margin).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥69.6m (down 5.4% from 2Q 2022). Net income: CN¥26.3m (down 40% from 2Q 2022). Profit margin: 38% (down from 59% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.
お知らせ • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Great Microwave Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023
Reported Earnings • Apr 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.01. Revenue: CN¥242.6m (up 27% from FY 2021). Net income: CN¥107.7m (up 9.0% from FY 2021). Profit margin: 44% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.
お知らせ • Feb 02A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 millionA group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million on January 31, 2023. Transfer price is CNY 97 per share and total number of shares to be acquired is 4,573,148 shares. Transaction is subject to the final handling result of China Securities Depository and Clearing Corporation Shanghai Branch.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Guomin Weng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.005 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.005 in 3Q 2021). Revenue: CN¥44.3m (up 171% from 3Q 2021). Net income: CN¥21.0m (up CN¥20.6m from 3Q 2021). Profit margin: 47% (up from 2.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥73.5m (up 350% from 2Q 2021). Net income: CN¥43.5m (up CN¥43.1m from 2Q 2021). Profit margin: 59% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 46% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥65.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 36x in the Semiconductor industry in China.
Reported Earnings • Apr 08Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.21 (up from CN¥0.94 in FY 2020). Revenue: CN¥190.6m (up 25% from FY 2020). Net income: CN¥98.8m (up 28% from FY 2020). Profit margin: 52% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 34%. Over the next year, revenue is forecast to grow 42%, compared to a 47% growth forecast for the industry in China.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥56.50, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 38x in the Semiconductor industry in China.
お知らせ • Jan 26Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion.Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion. Security Name: A Shares Security Type: Common Stock Securities Offered: 27,310,000 Price\Range: CNY 61.88 Transaction Features: Sponsor Backed Offering