Shanghai V-Test Semiconductor Tech（688372）株式概要上海V-Test Semiconductor Tech.Ltd. 詳細688372 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長6/6過去の実績4/6財務の健全性3/6配当金2/6報酬株価収益率（ 63.2 x）は、 Semiconductor業界平均（ 111.3 x）を下回っています。収益は年間55.25%増加すると予測されています 過去1年間で収益は125.4%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析高いレベルの非現金収入 多額の負債を抱えている 0.42%の配当はフリーキャッシュフローで十分にカバーされていない 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688372 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW481,888 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA481,888 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥121.41152.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue CN¥1.8bEarnings CN¥348.1mAdvancedSet Fair ValueView all narrativesShanghai V-Test Semiconductor Tech. Co., Ltd. 競合他社Fortior Technology (Shenzhen)Symbol: SHSE:688279Market cap: CN¥17.7bGreat Microwave TechnologySymbol: SHSE:688270Market cap: CN¥19.7bSouthchip Semiconductor Technology(Shanghai)Symbol: SHSE:688484Market cap: CN¥15.3bEspressif Systems (Shanghai)Symbol: SHSE:688018Market cap: CN¥25.8b価格と性能株価の高値、安値、推移の概要Shanghai V-Test Semiconductor Tech過去の株価現在の株価CN¥131.0052週高値CN¥199.7352週安値CN¥57.09ベータ1.241ヶ月の変化-24.58%3ヶ月変化-20.05%1年変化127.47%3年間の変化n/a5年間の変化n/aIPOからの変化89.26%最新ニュースValuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥103, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 98x in the Semiconductor industry in China. Total returns to shareholders of 75% over the past year.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥148, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 160% over the past year.お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026Declared Dividend • Jun 19Dividend of CN¥0.55 announcedShareholders will receive a dividend of CN¥0.55. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Jun 06New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks High level of debt (78% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥149, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 102x in the Semiconductor industry in China. Total returns to shareholders of 196% over the past year.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥103, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 98x in the Semiconductor industry in China. Total returns to shareholders of 75% over the past year.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥148, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 160% over the past year.お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026Declared Dividend • Jun 19Dividend of CN¥0.55 announcedShareholders will receive a dividend of CN¥0.55. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Jun 06New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks High level of debt (78% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥149, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 102x in the Semiconductor industry in China. Total returns to shareholders of 196% over the past year.Board Change • May 20Less 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 an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Haiyan Song was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 22Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 2, Dianke Road, Xinwu District, Wuxi, Jiangsu Chinaお知らせ • Mar 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026お知らせ • Sep 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025お知らせ • Apr 29Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.お知らせ • Mar 28Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 16Third quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.17 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥310.5m (up 53% from 3Q 2023). Net income: CN¥51.2m (up 171% from 3Q 2023). Profit margin: 17% (up from 9.3% in 3Q 2023). Revenue is forecast to grow 22% 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 • Sep 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2024 Results on Oct 16, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2024 results on Oct 16, 2024お知らせ • Jun 28Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥46.43, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Semiconductor industry in China.Reported Earnings • May 01First quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.24 profit in 1Q 2023)First quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.24 profit in 1Q 2023). Revenue: CN¥183.6m (up 31% from 1Q 2023). Net loss: CN¥305.7k (down 101% from profit in 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.お知らせ • Mar 29Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Mar 23Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024, at 14:00 China Standard Time. Location: No. 19, Yunshi Road, Pukou District, Nanjing, Jiangsu ChinaNew Risk • Mar 22New 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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin).Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥67.95, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 34x in the Semiconductor industry in China.Reported Earnings • Feb 26Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥2.71 in FY 2022)Full year 2023 results: EPS: CN¥1.03 (down from CN¥2.71 in FY 2022). Revenue: CN¥736.5m (flat on FY 2022). Net income: CN¥117.0m (down 52% from FY 2022). Profit margin: 16% (down from 33% in FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China.New Risk • Feb 08New 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 7.5% 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 (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥51.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Semiconductor industry in China.Board Change • Nov 17Less 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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Xiu Qiang Lin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.株主還元688372CN SemiconductorCN 市場7D26.9%7.0%5.1%1Y127.5%80.5%12.8%株主還元を見る業界別リターン: 688372過去 1 年間で80.5 % の収益を上げたCN Semiconductor業界を上回りました。リターン対市場: 688372過去 1 年間で12.8 % の収益を上げたCN市場を上回りました。価格変動Is 688372's price volatile compared to industry and market?688372 volatility688372 Average Weekly Movement12.6%Semiconductor Industry Average Movement11.8%Market Average Movement7.4%10% most volatile stocks in CN Market12.6%10% least volatile stocks in CN Market4.4%安定した株価: 688372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: 688372の weekly volatility ( 13% ) 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20162,673Wen Sheng Pianwww.v-test.com.cn上海V-Test Semiconductor Tech Ltd.は中国で集積回路テストサービス会社として運営されている。ウエハテスト、チップ製品テスト、集積回路サポート、テスト機器レンタル、テスト補助材料販売などのサービスを提供している。また、テストソリューション開発、SLTテスト、バーンインテストなども提供している。同社は通信、コンピュータ、車載電子機器、産業制御、民生用電子機器などの分野にサービスを提供している。上海V-Test Semiconductor Tech Ltd.は2016年に設立され、中国の上海に拠点を置いている。もっと見るShanghai V-Test Semiconductor Tech. Co., Ltd. 基礎のまとめShanghai V-Test Semiconductor Tech の収益と売上を時価総額と比較するとどうか。688372 基礎統計学時価総額CN¥22.02b収益（TTM）CN¥348.14m売上高(TTM)CN¥1.78b63.2xPER（株価収益率12.4xP/Sレシオ688372 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688372 損益計算書（TTM）収益CN¥1.78b売上原価CN¥1.08b売上総利益CN¥697.79mその他の費用CN¥349.65m収益CN¥348.14m直近の収益報告Mar 31, 2026次回決算日Aug 29, 2026一株当たり利益（EPS）2.07グロス・マージン39.21%純利益率19.56%有利子負債／自己資本比率87.4%688372 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0.4%現在の配当利回り24%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2026/08/10 23:23終値2026/08/10 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Shanghai V-Test Semiconductor Tech. 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。3 アナリスト機関Jian HuGuosen Securities Co., Ltd.Hui HuGuosen Securities Co., Ltd.Billy FengJ.P. Morgan
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥103, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 98x in the Semiconductor industry in China. Total returns to shareholders of 75% over the past year.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥148, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 160% over the past year.
お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
Declared Dividend • Jun 19Dividend of CN¥0.55 announcedShareholders will receive a dividend of CN¥0.55. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Jun 06New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks High level of debt (78% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥149, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 102x in the Semiconductor industry in China. Total returns to shareholders of 196% over the past year.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥103, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 98x in the Semiconductor industry in China. Total returns to shareholders of 75% over the past year.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥148, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 160% over the past year.
お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
Declared Dividend • Jun 19Dividend of CN¥0.55 announcedShareholders will receive a dividend of CN¥0.55. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Jun 06New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks High level of debt (78% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change).
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥149, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 102x in the Semiconductor industry in China. Total returns to shareholders of 196% over the past year.
Board Change • May 20Less 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 an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Haiyan Song was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 22Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 2, Dianke Road, Xinwu District, Wuxi, Jiangsu China
お知らせ • Mar 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026
お知らせ • Sep 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025
お知らせ • Jun 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025
お知らせ • Apr 29Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.
お知らせ • Mar 28Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 16Third quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.17 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥310.5m (up 53% from 3Q 2023). Net income: CN¥51.2m (up 171% from 3Q 2023). Profit margin: 17% (up from 9.3% in 3Q 2023). Revenue is forecast to grow 22% 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 • Sep 30Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2024 Results on Oct 16, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2024 results on Oct 16, 2024
お知らせ • Jun 28Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥46.43, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Semiconductor industry in China.
Reported Earnings • May 01First quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.24 profit in 1Q 2023)First quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.24 profit in 1Q 2023). Revenue: CN¥183.6m (up 31% from 1Q 2023). Net loss: CN¥305.7k (down 101% from profit in 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
お知らせ • Mar 29Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Mar 23Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024, at 14:00 China Standard Time. Location: No. 19, Yunshi Road, Pukou District, Nanjing, Jiangsu China
New Risk • Mar 22New 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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin).
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥67.95, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 34x in the Semiconductor industry in China.
Reported Earnings • Feb 26Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥2.71 in FY 2022)Full year 2023 results: EPS: CN¥1.03 (down from CN¥2.71 in FY 2022). Revenue: CN¥736.5m (flat on FY 2022). Net income: CN¥117.0m (down 52% from FY 2022). Profit margin: 16% (down from 33% in FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China.
New Risk • Feb 08New 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 7.5% 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 (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥51.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Semiconductor industry in China.
Board Change • Nov 17Less 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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Xiu Qiang Lin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
