New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Shi Li was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. お知らせ • Apr 25
China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026 China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China お知らせ • Mar 30
China Resources Microelectronics Limited to Report Q1, 2026 Results on Apr 25, 2026 China Resources Microelectronics Limited announced that they will report Q1, 2026 results on Apr 25, 2026 お知らせ • Dec 26
China Resources Microelectronics Limited to Report Fiscal Year 2025 Results on Apr 25, 2026 China Resources Microelectronics Limited announced that they will report fiscal year 2025 results on Apr 25, 2026 お知らせ • Sep 30
China Resources Microelectronics Limited to Report Q3, 2025 Results on Oct 31, 2025 China Resources Microelectronics Limited announced that they will report Q3, 2025 results on Oct 31, 2025 お知らせ • Jun 30
China Resources Microelectronics Limited to Report First Half, 2025 Results on Aug 29, 2025 China Resources Microelectronics Limited announced that they will report first half, 2025 results on Aug 29, 2025 お知らせ • Jun 24
China Resources Microelectronics Limited(SHSE:688396) dropped from Shanghai Stock Exchange 180 Value Index China Resources Microelectronics Limited removed from Shanghai Stock Exchange 180 Value Index お知らせ • Apr 30
China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025 China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China お知らせ • Mar 28
China Resources Microelectronics Limited to Report Q1, 2025 Results on Apr 30, 2025 China Resources Microelectronics Limited announced that they will report Q1, 2025 results on Apr 30, 2025 お知らせ • Dec 27
China Resources Microelectronics Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 China Resources Microelectronics Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥2.71b (up 8.4% from 3Q 2023). Net income: CN¥219.0m (down 21% from 3Q 2023). Profit margin: 8.1% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥47.50, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 7.1% over the past year. お知らせ • Sep 30
China Resources Microelectronics Limited to Report Q3, 2024 Results on Oct 31, 2024 China Resources Microelectronics Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥39.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.31 per share. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥2.64b (down 1.5% from 2Q 2023). Net income: CN¥247.1m (down 38% from 2Q 2023). Profit margin: 9.3% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. お知らせ • Jun 29
China Resources Microelectronics Limited to Report First Half, 2024 Results on Aug 30, 2024 China Resources Microelectronics Limited announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥2.12b (down 9.8% from 1Q 2023). Net income: CN¥33.2m (down 91% from 1Q 2023). Profit margin: 1.6% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. お知らせ • Apr 27
China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024 China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: No. 88, Liangqing Road, Binhu District, Wuxi, Jiangsu China お知らせ • Mar 30
China Resources Microelectronics Limited to Report Q1, 2024 Results on Apr 26, 2024 China Resources Microelectronics Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥1.98 in FY 2022) Full year 2023 results: EPS: CN¥1.12 (down from CN¥1.98 in FY 2022). Revenue: CN¥9.90b (down 1.6% from FY 2022). Net income: CN¥1.48b (down 43% from FY 2022). Profit margin: 15% (down from 26% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.53 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.53 in 3Q 2022). Revenue: CN¥2.50b (flat on 3Q 2022). Net income: CN¥278.3m (down 60% from 3Q 2022). Profit margin: 11% (down from 28% in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.56 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.56 in 2Q 2022). Revenue: CN¥2.68b (up 2.0% from 2Q 2022). Net income: CN¥397.5m (down 46% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Board Change • Jul 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Wei Zhuang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.