View ValuationTianma Microelectronics 将来の成長Future 基準チェック /36Tianma Microelectronicsは、92.8%と12.3%でそれぞれ年率92.8%で利益と収益が成長すると予測される一方、EPSはgrowで122.1%年率。主要情報92.8%収益成長率122.12%EPS成長率Electronic 収益成長32.3%収益成長率12.3%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日01 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Mar 31Tianma Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Mar 13Tianma Microelectronics Co., Ltd., Annual General Meeting, Apr 14, 2026Tianma Microelectronics Co., Ltd., Annual General Meeting, Apr 14, 2026, at 14:50 China Standard Time. Location: 16F, Tianma Headquarters Building, Beizhan Community, Minzhi Subdistrict, Longhua District, Shenzhen, Guangdong Chinaお知らせ • Jan 10Tianma Microelectronics Co., Ltd. Showcases New Smartphone AM-OLED Technology at CES 2026Tianma is showcasing its next generation of AM-OLED displays, designed to improve brightness, color reproduction, efficiency and form factor for smartphone applications. New Florescence Technology (NFT) AM-OLED - Tianma is showcasing its New Fluorescence Technology (NFT) on both single-layer and stacked-layer BT.2020-capable AM-OLED displays. NFT integrates Phosphor-Sensitized Fluorescence (PSF) and New Fluorescent Blue (NFB) material systems. PSF enables highly efficient multi-channel energy transfer via Forster mechanisms, generating narrow-spectrum, high-purity green emission with ultra-narrow FWHM. NFB further improves exciton utilization in blue emission by suppressing non-radiative losses. Together, these material innovations provide a strong foundation for wide color gamut performance, long-term stability, and improved energy efficiency, enabling greater than 96% BT.2020 coverage and more than 99% DCI-P3 compatibility. Tianma implemented NFT in two modules variations: conventional single-layer design and Tianma's Stacked Layer OLED Device (SLOD) architecture differs from conventional tandem OLED designs by incorporating a low-voltage charge generation layer (CGL) and differentiated light-emitting units. This structure enables improved carrier balance and transport efficiency, allowing a paired emissive configuration to produce higher luminous efficiency than traditional stacked approaches. Compared with conventional single-layer OLED devices, SLOD delivers increased brightness and luminance efficiency while reducing overall power demand, with peak brightness levels up to 7,000 nits, extended operational lifetime, and improved energy efficiency for high-performance mobile display applications. 6.78" Ultra Narrow Border AM-OLED - Narrow Border, Low Power - At the system and integration level, Tianma extends these material and device-level innovations through advanced backplane and drive technologies to address industrial design constraints and power optimization requirements. An ultra-narrow-border LTPO AM-OLED display combines a symmetrical, edge-to-edge form factor with efficient variable-refresh operation. Using Hybrid VSR (Vertical Shift Register) and ADP (Advanced Drive Pixel) technologies on an LTPO backplane, the display achieves meaningful power savings while maintaining image quality across operating modes. Uniform 0.8 mm borders on all four sides enable a screen-to-body ratio of up to 98%, supporting compact device architectures and premium smartphone designs.お知らせ • Jan 06Tianma Showcasing Breakthrough Display Innovations Across Advanced Technology, Automotive, Smartphone, and IT Applications at CES 2026Tianma will present a comprehensive portfolio of next-generation display technologies at CES 2026, featuring more than 60 advanced technology demos. Exhibiting in the West Hall Meeting Rooms (W323), Tianma is presenting innovations spanning automotive cockpit and HUD solutions, advanced large-format displays, and cutting-edge smartphone AM-OLED technologies. Demonstrations will be available by appointment only. In Advanced Display Solutions, Tianma is presenting a 108-inch 4K Micro-LED display featuring the world's first all-laser mass transfer process on a glass-based LTPS TFT backplane - setting a new benchmark for large-format Micro-LED technology. Tianma is presenting its automotive Smart Cockpit 7.0, demonstrating its vision for immersive, intelligent vehicle interiors. Additional highlights include: a 49.6-inch ACRUS 8K curved display; ultra-wide IRIS HUD solutions; and an advanced 34-inch automotive dimming glass solution that replaces mechanical sunshades. In Smartphone AM-OLED Technology, Tianma is presenting a portfolio of advanced mobile displays built on its latest material, device and backplane innovations. These solutions target higher color fidelity, improved energy efficiency, increased brightness, longer device lifetime, and greater design flexibility for next-generation smartphones. Key demonstrations include: NFT (New Fluorescence Technology) AM-OLED; BT.2020 SLOD AM-OLED; High-Efficiency SLOD AM-OLED and Ultra-Narrow- Border LTPO AM-OLED. In IT /Gaming Displays, Tianma is introducing a 27-inch QHD Oxide TFT LCD featuring an 610Hz native refresh rate - the world's fastest. Designed for competitive gaming, the panel delivers a 1ms GTG response time for ultra-smooth motion, along with an anti-glare, anti-reflection surface for visual comfort. Together, these innovations underscore Tianma's commitment to advancing display performance, efficiency, and integration across diverse applications.お知らせ • Dec 31Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 14, 2026Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 14, 2026お知らせ • Sep 30Tianma Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Tianma Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Sep 18Tianma Microelectronics Co., Ltd. Approves Board AppointmentsTianma Microelectronics Co., Ltd. at its Extraordinary General Meeting held on 16 September 2025, approved the appointment of Wang Lei, Xie Jieping and Shao Qing as non-independent director; Geng Yi as independent director.お知らせ • Jul 02Tianma Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Tianma Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025お知らせ • Apr 22Tianma Microelectronics Co., Ltd., Annual General Meeting, May 12, 2025Tianma Microelectronics Co., Ltd., Annual General Meeting, May 12, 2025, at 14:50 China Standard Time. Location: 16F, Tianma Headquarters Building, Beizhan Community, Minzhi Subdistrict, Longhua District, Shenzhen, Guangdong Chinaお知らせ • Apr 17Tianma Microelectronics Co., Ltd. (SZSE:000050) announces an Equity Buyback for CNY 200 million worth of its shares.Tianma Microelectronics Co., Ltd. (SZSE:000050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 12.43 per share. The program will be financed via own funds and bank loans. The purpose of the program is to reduce registered capital. The buyback is subject to shareholders approval. The program will be valid for 12 months from the date of shareholders approval.お知らせ • Mar 31Tianma Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025お知らせ • Dec 31Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 15, 2025Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 15, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.15 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.15 loss in 3Q 2023). Revenue: CN¥8.12b (down 6.7% from 3Q 2023). Net income: CN¥16.8m (up CN¥382.7m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Tianma Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Tianma Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024New Risk • Sep 26New 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.077 loss per share (vs CN¥0.31 loss in 2Q 2023)Second quarter 2024 results: CN¥0.077 loss per share (improved from CN¥0.31 loss in 2Q 2023). Revenue: CN¥8.15b (down 1.8% from 2Q 2023). Net loss: CN¥188.6m (loss narrowed 75% from 2Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • Jun 29Tianma Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Tianma Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024お知らせ • May 25Tianma Microelectronics Co., Ltd., Annual General Meeting, Jun 13, 2024Tianma Microelectronics Co., Ltd., Annual General Meeting, Jun 13, 2024, at 14:50 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong Chinaお知らせ • May 15Tianma Microelectronics Co., Ltd. Showcase No-Driver-Distraction and Display Screen Branding for the Automotive IndustryTianma Microelectronics Co., Ltd. (Tianma) will showcase its Passenger Infotainment Display (PID) innovations, combining No-Driver-Distraction™ and Display Screen Branding™ for the automotive industry, in Booth 516 at SID Display Week in San Jose on May 14-16, 2024. Automotive display is becoming increasingly important as manufacturers endeavor to balance driver safety — driven by heightened regulations — and the increasing demand for passenger experience. These experiences and brand interactions encompass all stages of interaction with a vehicle, not just the in-motion experience. Building on more than 30 years of developing a robust portfolio of proprietary intellectual property (IP) optical technologies from 3D cinema to VR to micro LED, Rain Technology is now revolutionizing the automotive industry. With two key innovations that can be integrated independently or together and function across both flat and curved displays, Rain Technology is meeting the requirements of traditional PID displays as well as modern pillar-to-pillar displays. No-Driver-Distraction is a switchable display solution for automotive safety. Passengers want to enjoy infotainment on the larger display screens of modern vehicles, while safety and regulatory requirements dictate minimizing screen distraction for the driver. In an automotive setting, Rain Technology’s embedded screen technology electronically switches between: No-Driver-Distraction mode, in which the light output from the display is precision engineered to provide infotainment to the passenger but is not viewable by the driver. Share mode, in which both driver and passenger can enjoy the display when the vehicle is stationary, displaying map data, or in an approved self-driving mode. Display Screen Branding is a switchable display solution for branding by marketers in retail, ATM, POS and consumer electronics segments — and especially automotive settings with multiple screens for different purposes and audiences. Consumers are expecting more from their screen experiences, while manufacturers want to maximize their brand experience. In an automotive setting, Display Screen Branding provides benefits in multiple modes: Privacy mode, in which the driver will see the automotive badge, branding or messaging, while passengers will have an unimpeded view of content. Display off mode, during which a design can be shown when the screen is off, allowing for a brand impression before the automobile or passenger infotainment is turned on. No-Driver-Distraction and Display Screen Branding are IP innovations from Rain Technology that entail a proprietary active layer within the display that enables capabilities to be switched on and off by a software trigger. In automotive scenarios, this capability is often asymmetric to account for differing requirements for driver versus passenger. The optical design can account for varying display types, sizes, locations, brightness, and driver side (right or left). Due to the switchable nature of the capability, automotive displays leveraging Rain Technology easily adapt to future requirements that may arise, such as those associated with autonomous driving, via remote software update. This provides a future-proof capability and ultimate adaptability. For Display Screen Branding, the re?ective design is determined during the panel manufacturing process. The layer may be activated by any hardware or software trigger as dictated by the product manufacturer. When activated, the design will be displayed only to those viewing angles determined to be obscured by privacy mode. No-Driver-Distraction and Display Screen Branding solutions are available immedaitely.Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.27 loss in 1Q 2023)First quarter 2024 results: CN¥0.12 loss per share (improved from CN¥0.27 loss in 1Q 2023). Revenue: CN¥7.75b (flat on 1Q 2023). Net loss: CN¥300.7m (loss narrowed 55% from 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.お知らせ • Mar 30Tianma Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Mar 15Full year 2023 earnings released: CN¥0.85 loss per share (vs CN¥0.046 profit in FY 2022)Full year 2023 results: CN¥0.85 loss per share (down from CN¥0.046 profit in FY 2022). Revenue: CN¥32.3b (up 2.6% from FY 2022). Net loss: CN¥2.10b (down CN¥2.21b from profit in FY 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.お知らせ • Mar 08Tianma Microelectronics Co., Ltd. Announces Director AppointmentsTianma Microelectronics Co., Ltd. announced at its extraordinary General Meeting of 2024 on 06 March 2024, approved the Election of directors, cumulative voting system applicable: 1.1 Guo Gaohang, director and 1.2. Zeng Yumei, director.お知らせ • Dec 30Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024Reported Earnings • Oct 31Third quarter 2023 earnings released: CN¥0.15 loss per share (vs CN¥0.004 loss in 3Q 2022)Third quarter 2023 results: CN¥0.15 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2022). Revenue: CN¥8.70b (up 2.6% from 3Q 2022). Net loss: CN¥366.0m (loss widened CN¥355.3m from 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 31Second quarter 2023 earnings released: CN¥0.31 loss per share (vs CN¥0.12 profit in 2Q 2022)Second quarter 2023 results: CN¥0.31 loss per share (down from CN¥0.12 profit in 2Q 2022). Revenue: CN¥8.29b (up 17% from 2Q 2022). Net loss: CN¥762.0m (down 362% from profit in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 15Full year 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.63 in FY 2021)Full year 2022 results: EPS: CN¥0.046 (down from CN¥0.63 in FY 2021). Revenue: CN¥31.4b (down 1.2% from FY 2021). Net income: CN¥112.5m (down 93% from FY 2021). Profit margin: 0.4% (down from 4.8% in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 31Third quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.087 profit in 3Q 2021)Third quarter 2022 results: CN¥0.003 loss per share (down from CN¥0.087 profit in 3Q 2021). Revenue: CN¥8.48b (up 6.4% from 3Q 2021). Net loss: CN¥8.55m (down 104% from profit in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.28 in 2Q 2021). Revenue: CN¥7.06b (down 8.5% from 2Q 2021). Net income: CN¥291.1m (down 57% from 2Q 2021). Profit margin: 4.1% (down from 8.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 14%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Board Change • Aug 02High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.21 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.032 (down from CN¥0.21 in 1Q 2021). Revenue: CN¥8.68b (up 4.9% from 1Q 2021). Net income: CN¥79.0m (down 85% from 1Q 2021). Profit margin: 0.9% (down from 6.3% in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥0.63 (down from CN¥0.68 in FY 2020). Revenue: CN¥31.8b (up 8.9% from FY 2020). Net income: CN¥1.54b (up 4.6% from FY 2020). Profit margin: 4.8% (down from 5.0% in FY 2020). Revenue missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 11%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Board Change • Jan 01High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Dec 04High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.087 (vs CN¥0.22 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.97b (down 7.6% from 3Q 2020). Net income: CN¥214.3m (down 56% from 3Q 2020). Profit margin: 2.7% (down from 5.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.22 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.72b (up 3.0% from 2Q 2020). Net income: CN¥677.2m (up 53% from 2Q 2020). Profit margin: 8.8% (up from 5.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Board Change • Jul 31High number of new directorsNon-Independent Director Zhibiao Zhang was the last director to join the board, commencing their role in 2021.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.76 per share.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.15 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.27b (up 26% from 1Q 2020). Net income: CN¥518.6m (up 72% from 1Q 2020). Profit margin: 6.3% (up from 4.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.Analyst Estimate Surprise Post Earnings • Mar 13Revenue misses expectationsRevenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 23%, compared to a 31% growth forecast for the Electronic industry in China.Reported Earnings • Mar 13Full year 2020 earnings released: EPS CN¥0.68 (vs CN¥0.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥29.2b (down 3.5% from FY 2019). Net income: CN¥1.47b (up 78% from FY 2019). Profit margin: 5.0% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.Is New 90 Day High Low • Mar 12New 90-day low: CN¥14.22The company is down 3.0% from its price of CN¥14.63 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.66 per share.Is New 90 Day High Low • Jan 18New 90-day high: CN¥16.65The company is up 12% from its price of CN¥14.84 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.21 per share.Is New 90 Day High Low • Dec 28New 90-day low: CN¥14.23The company is down 4.0% from its price of CN¥14.77 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.81 per share.Is New 90 Day High Low • Dec 03New 90-day high: CN¥16.52The company is up 2.0% from its price of CN¥16.17 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.30 per share.Is New 90 Day High Low • Oct 30New 90-day low: CN¥14.26The company is down 15% from its price of CN¥16.81 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.27 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.03b, up 38% from the prior year. Total revenue was CN¥29.5b over the last 12 months, down 3.4% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 3.2% at CN¥8.63b. Revenue is forecast to grow 25% over the next year, compared to a 30% growth forecast for the Electronic industry in China.業績と収益の成長予測XSEC:000050 - 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12/31/202744,021617N/AN/A212/31/202637,806527N/AN/A13/31/202635,644-684,2386,231N/A12/31/202536,2271674,7346,988N/A9/30/202536,1431175,1617,713N/A6/30/202535,072274,1167,047N/A3/31/202534,056-2713,4656,358N/A12/31/202433,494-6692,7385,752N/A9/30/202431,586-7801,6455,054N/A6/30/202432,166-1,1631,5645,437N/A3/31/202432,313-1,7367775,113N/A1/1/202432,271-2,098-4463,958N/A9/30/202331,934-2,0395434,264N/A6/30/202331,712-1,684-3212,901N/A3/31/202330,480-6301,4104,110N/A1/1/202331,4471121,1053,913N/A9/30/202232,626-1811,0643,721N/A6/30/202232,637-1941,0274,226N/A3/31/202233,703571423,519N/A1/1/202233,766-34-1,0483,288N/A9/30/202131,902751-5515,781N/A6/30/202132,0421,2603907,518N/A3/31/202131,4081,161-3,2026,544N/A1/1/202129,2331,475-3,2086,677N/A9/30/202029,5431,026-5,8845,735N/A6/30/202029,744930-7,5554,170N/A3/31/202029,918841-5,4014,298N/A12/31/201930,282829N/A4,761N/A9/30/201930,594743N/A3,718N/A6/30/201929,531787N/A3,617N/A3/31/201929,270767N/A3,685N/A12/31/201828,912926N/A3,565N/A9/30/201829,063873N/A5,232N/A6/30/201828,3121,111N/A5,298N/A3/31/201825,9361,162N/A5,200N/A12/31/201723,8241,091N/A3,329N/A9/30/201719,4841,626N/A1,884N/A6/30/201715,2541,066N/A1,554N/A3/31/201712,741856N/A630N/A12/31/201610,737569N/A981N/A9/30/201610,485594N/A2,373N/A6/30/201610,363562N/A2,043N/A3/31/201610,541516N/A2,763N/A12/31/201510,530555N/A4,459N/A9/30/201510,587640N/A2,039N/A6/30/20159,639676N/A1,956N/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: 000050は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.4% ) よりも高い成長率であると考えられます。収益対市場: 000050今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 000050今後 3 年以内に収益を上げることが予想されます。収益対市場: 000050の収益 ( 12.3% ) CN市場 ( 15.6% ) よりも低い成長が予測されています。高い収益成長: 000050の収益 ( 12.3% ) 20%よりも低い成長が予測されています。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: 000050の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 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2026/05/09 19:50終値2026/05/08 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本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Tianma Microelectronics Co., Ltd. 2 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。12 アナリスト機関Brad LinBofA Global ResearchKam Wai KwokCGS InternationalHu PengChina International Capital Corporation Limited9 その他のアナリストを表示
お知らせ • Mar 31Tianma Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Mar 13Tianma Microelectronics Co., Ltd., Annual General Meeting, Apr 14, 2026Tianma Microelectronics Co., Ltd., Annual General Meeting, Apr 14, 2026, at 14:50 China Standard Time. Location: 16F, Tianma Headquarters Building, Beizhan Community, Minzhi Subdistrict, Longhua District, Shenzhen, Guangdong China
お知らせ • Jan 10Tianma Microelectronics Co., Ltd. Showcases New Smartphone AM-OLED Technology at CES 2026Tianma is showcasing its next generation of AM-OLED displays, designed to improve brightness, color reproduction, efficiency and form factor for smartphone applications. New Florescence Technology (NFT) AM-OLED - Tianma is showcasing its New Fluorescence Technology (NFT) on both single-layer and stacked-layer BT.2020-capable AM-OLED displays. NFT integrates Phosphor-Sensitized Fluorescence (PSF) and New Fluorescent Blue (NFB) material systems. PSF enables highly efficient multi-channel energy transfer via Forster mechanisms, generating narrow-spectrum, high-purity green emission with ultra-narrow FWHM. NFB further improves exciton utilization in blue emission by suppressing non-radiative losses. Together, these material innovations provide a strong foundation for wide color gamut performance, long-term stability, and improved energy efficiency, enabling greater than 96% BT.2020 coverage and more than 99% DCI-P3 compatibility. Tianma implemented NFT in two modules variations: conventional single-layer design and Tianma's Stacked Layer OLED Device (SLOD) architecture differs from conventional tandem OLED designs by incorporating a low-voltage charge generation layer (CGL) and differentiated light-emitting units. This structure enables improved carrier balance and transport efficiency, allowing a paired emissive configuration to produce higher luminous efficiency than traditional stacked approaches. Compared with conventional single-layer OLED devices, SLOD delivers increased brightness and luminance efficiency while reducing overall power demand, with peak brightness levels up to 7,000 nits, extended operational lifetime, and improved energy efficiency for high-performance mobile display applications. 6.78" Ultra Narrow Border AM-OLED - Narrow Border, Low Power - At the system and integration level, Tianma extends these material and device-level innovations through advanced backplane and drive technologies to address industrial design constraints and power optimization requirements. An ultra-narrow-border LTPO AM-OLED display combines a symmetrical, edge-to-edge form factor with efficient variable-refresh operation. Using Hybrid VSR (Vertical Shift Register) and ADP (Advanced Drive Pixel) technologies on an LTPO backplane, the display achieves meaningful power savings while maintaining image quality across operating modes. Uniform 0.8 mm borders on all four sides enable a screen-to-body ratio of up to 98%, supporting compact device architectures and premium smartphone designs.
お知らせ • Jan 06Tianma Showcasing Breakthrough Display Innovations Across Advanced Technology, Automotive, Smartphone, and IT Applications at CES 2026Tianma will present a comprehensive portfolio of next-generation display technologies at CES 2026, featuring more than 60 advanced technology demos. Exhibiting in the West Hall Meeting Rooms (W323), Tianma is presenting innovations spanning automotive cockpit and HUD solutions, advanced large-format displays, and cutting-edge smartphone AM-OLED technologies. Demonstrations will be available by appointment only. In Advanced Display Solutions, Tianma is presenting a 108-inch 4K Micro-LED display featuring the world's first all-laser mass transfer process on a glass-based LTPS TFT backplane - setting a new benchmark for large-format Micro-LED technology. Tianma is presenting its automotive Smart Cockpit 7.0, demonstrating its vision for immersive, intelligent vehicle interiors. Additional highlights include: a 49.6-inch ACRUS 8K curved display; ultra-wide IRIS HUD solutions; and an advanced 34-inch automotive dimming glass solution that replaces mechanical sunshades. In Smartphone AM-OLED Technology, Tianma is presenting a portfolio of advanced mobile displays built on its latest material, device and backplane innovations. These solutions target higher color fidelity, improved energy efficiency, increased brightness, longer device lifetime, and greater design flexibility for next-generation smartphones. Key demonstrations include: NFT (New Fluorescence Technology) AM-OLED; BT.2020 SLOD AM-OLED; High-Efficiency SLOD AM-OLED and Ultra-Narrow- Border LTPO AM-OLED. In IT /Gaming Displays, Tianma is introducing a 27-inch QHD Oxide TFT LCD featuring an 610Hz native refresh rate - the world's fastest. Designed for competitive gaming, the panel delivers a 1ms GTG response time for ultra-smooth motion, along with an anti-glare, anti-reflection surface for visual comfort. Together, these innovations underscore Tianma's commitment to advancing display performance, efficiency, and integration across diverse applications.
お知らせ • Dec 31Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 14, 2026Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 14, 2026
お知らせ • Sep 30Tianma Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Tianma Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Sep 18Tianma Microelectronics Co., Ltd. Approves Board AppointmentsTianma Microelectronics Co., Ltd. at its Extraordinary General Meeting held on 16 September 2025, approved the appointment of Wang Lei, Xie Jieping and Shao Qing as non-independent director; Geng Yi as independent director.
お知らせ • Jul 02Tianma Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Tianma Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025
お知らせ • Apr 22Tianma Microelectronics Co., Ltd., Annual General Meeting, May 12, 2025Tianma Microelectronics Co., Ltd., Annual General Meeting, May 12, 2025, at 14:50 China Standard Time. Location: 16F, Tianma Headquarters Building, Beizhan Community, Minzhi Subdistrict, Longhua District, Shenzhen, Guangdong China
お知らせ • Apr 17Tianma Microelectronics Co., Ltd. (SZSE:000050) announces an Equity Buyback for CNY 200 million worth of its shares.Tianma Microelectronics Co., Ltd. (SZSE:000050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 12.43 per share. The program will be financed via own funds and bank loans. The purpose of the program is to reduce registered capital. The buyback is subject to shareholders approval. The program will be valid for 12 months from the date of shareholders approval.
お知らせ • Mar 31Tianma Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025
お知らせ • Dec 31Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Mar 15, 2025Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Mar 15, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.15 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.15 loss in 3Q 2023). Revenue: CN¥8.12b (down 6.7% from 3Q 2023). Net income: CN¥16.8m (up CN¥382.7m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Tianma Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Tianma Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
New Risk • Sep 26New 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).
Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.077 loss per share (vs CN¥0.31 loss in 2Q 2023)Second quarter 2024 results: CN¥0.077 loss per share (improved from CN¥0.31 loss in 2Q 2023). Revenue: CN¥8.15b (down 1.8% from 2Q 2023). Net loss: CN¥188.6m (loss narrowed 75% from 2Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 29Tianma Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Tianma Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
お知らせ • May 25Tianma Microelectronics Co., Ltd., Annual General Meeting, Jun 13, 2024Tianma Microelectronics Co., Ltd., Annual General Meeting, Jun 13, 2024, at 14:50 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
お知らせ • May 15Tianma Microelectronics Co., Ltd. Showcase No-Driver-Distraction and Display Screen Branding for the Automotive IndustryTianma Microelectronics Co., Ltd. (Tianma) will showcase its Passenger Infotainment Display (PID) innovations, combining No-Driver-Distraction™ and Display Screen Branding™ for the automotive industry, in Booth 516 at SID Display Week in San Jose on May 14-16, 2024. Automotive display is becoming increasingly important as manufacturers endeavor to balance driver safety — driven by heightened regulations — and the increasing demand for passenger experience. These experiences and brand interactions encompass all stages of interaction with a vehicle, not just the in-motion experience. Building on more than 30 years of developing a robust portfolio of proprietary intellectual property (IP) optical technologies from 3D cinema to VR to micro LED, Rain Technology is now revolutionizing the automotive industry. With two key innovations that can be integrated independently or together and function across both flat and curved displays, Rain Technology is meeting the requirements of traditional PID displays as well as modern pillar-to-pillar displays. No-Driver-Distraction is a switchable display solution for automotive safety. Passengers want to enjoy infotainment on the larger display screens of modern vehicles, while safety and regulatory requirements dictate minimizing screen distraction for the driver. In an automotive setting, Rain Technology’s embedded screen technology electronically switches between: No-Driver-Distraction mode, in which the light output from the display is precision engineered to provide infotainment to the passenger but is not viewable by the driver. Share mode, in which both driver and passenger can enjoy the display when the vehicle is stationary, displaying map data, or in an approved self-driving mode. Display Screen Branding is a switchable display solution for branding by marketers in retail, ATM, POS and consumer electronics segments — and especially automotive settings with multiple screens for different purposes and audiences. Consumers are expecting more from their screen experiences, while manufacturers want to maximize their brand experience. In an automotive setting, Display Screen Branding provides benefits in multiple modes: Privacy mode, in which the driver will see the automotive badge, branding or messaging, while passengers will have an unimpeded view of content. Display off mode, during which a design can be shown when the screen is off, allowing for a brand impression before the automobile or passenger infotainment is turned on. No-Driver-Distraction and Display Screen Branding are IP innovations from Rain Technology that entail a proprietary active layer within the display that enables capabilities to be switched on and off by a software trigger. In automotive scenarios, this capability is often asymmetric to account for differing requirements for driver versus passenger. The optical design can account for varying display types, sizes, locations, brightness, and driver side (right or left). Due to the switchable nature of the capability, automotive displays leveraging Rain Technology easily adapt to future requirements that may arise, such as those associated with autonomous driving, via remote software update. This provides a future-proof capability and ultimate adaptability. For Display Screen Branding, the re?ective design is determined during the panel manufacturing process. The layer may be activated by any hardware or software trigger as dictated by the product manufacturer. When activated, the design will be displayed only to those viewing angles determined to be obscured by privacy mode. No-Driver-Distraction and Display Screen Branding solutions are available immedaitely.
Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.27 loss in 1Q 2023)First quarter 2024 results: CN¥0.12 loss per share (improved from CN¥0.27 loss in 1Q 2023). Revenue: CN¥7.75b (flat on 1Q 2023). Net loss: CN¥300.7m (loss narrowed 55% from 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 30Tianma Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Tianma Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Mar 15Full year 2023 earnings released: CN¥0.85 loss per share (vs CN¥0.046 profit in FY 2022)Full year 2023 results: CN¥0.85 loss per share (down from CN¥0.046 profit in FY 2022). Revenue: CN¥32.3b (up 2.6% from FY 2022). Net loss: CN¥2.10b (down CN¥2.21b from profit in FY 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 08Tianma Microelectronics Co., Ltd. Announces Director AppointmentsTianma Microelectronics Co., Ltd. announced at its extraordinary General Meeting of 2024 on 06 March 2024, approved the Election of directors, cumulative voting system applicable: 1.1 Guo Gaohang, director and 1.2. Zeng Yumei, director.
お知らせ • Dec 30Tianma Microelectronics Co., Ltd. to Report Fiscal Year 2023 Results on Mar 15, 2024Tianma Microelectronics Co., Ltd. announced that they will report fiscal year 2023 results on Mar 15, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings released: CN¥0.15 loss per share (vs CN¥0.004 loss in 3Q 2022)Third quarter 2023 results: CN¥0.15 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2022). Revenue: CN¥8.70b (up 2.6% from 3Q 2022). Net loss: CN¥366.0m (loss widened CN¥355.3m from 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 31Second quarter 2023 earnings released: CN¥0.31 loss per share (vs CN¥0.12 profit in 2Q 2022)Second quarter 2023 results: CN¥0.31 loss per share (down from CN¥0.12 profit in 2Q 2022). Revenue: CN¥8.29b (up 17% from 2Q 2022). Net loss: CN¥762.0m (down 362% from profit in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 15Full year 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.63 in FY 2021)Full year 2022 results: EPS: CN¥0.046 (down from CN¥0.63 in FY 2021). Revenue: CN¥31.4b (down 1.2% from FY 2021). Net income: CN¥112.5m (down 93% from FY 2021). Profit margin: 0.4% (down from 4.8% in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 31Third quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.087 profit in 3Q 2021)Third quarter 2022 results: CN¥0.003 loss per share (down from CN¥0.087 profit in 3Q 2021). Revenue: CN¥8.48b (up 6.4% from 3Q 2021). Net loss: CN¥8.55m (down 104% from profit in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.28 in 2Q 2021). Revenue: CN¥7.06b (down 8.5% from 2Q 2021). Net income: CN¥291.1m (down 57% from 2Q 2021). Profit margin: 4.1% (down from 8.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 14%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Board Change • Aug 02High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.032 (vs CN¥0.21 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.032 (down from CN¥0.21 in 1Q 2021). Revenue: CN¥8.68b (up 4.9% from 1Q 2021). Net income: CN¥79.0m (down 85% from 1Q 2021). Profit margin: 0.9% (down from 6.3% in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 16Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥0.63 (down from CN¥0.68 in FY 2020). Revenue: CN¥31.8b (up 8.9% from FY 2020). Net income: CN¥1.54b (up 4.6% from FY 2020). Profit margin: 4.8% (down from 5.0% in FY 2020). Revenue missed analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 11%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Board Change • Jan 01High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Dec 04High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Employee Representative to Board of Supervisors Wei Liu is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.087 (vs CN¥0.22 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.97b (down 7.6% from 3Q 2020). Net income: CN¥214.3m (down 56% from 3Q 2020). Profit margin: 2.7% (down from 5.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.22 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.72b (up 3.0% from 2Q 2020). Net income: CN¥677.2m (up 53% from 2Q 2020). Profit margin: 8.8% (up from 5.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Board Change • Jul 31High number of new directorsNon-Independent Director Zhibiao Zhang was the last director to join the board, commencing their role in 2021.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.76 per share.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.15 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.27b (up 26% from 1Q 2020). Net income: CN¥518.6m (up 72% from 1Q 2020). Profit margin: 6.3% (up from 4.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year.
Analyst Estimate Surprise Post Earnings • Mar 13Revenue misses expectationsRevenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 23%, compared to a 31% growth forecast for the Electronic industry in China.
Reported Earnings • Mar 13Full year 2020 earnings released: EPS CN¥0.68 (vs CN¥0.41 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥29.2b (down 3.5% from FY 2019). Net income: CN¥1.47b (up 78% from FY 2019). Profit margin: 5.0% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year.
Is New 90 Day High Low • Mar 12New 90-day low: CN¥14.22The company is down 3.0% from its price of CN¥14.63 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.66 per share.
Is New 90 Day High Low • Jan 18New 90-day high: CN¥16.65The company is up 12% from its price of CN¥14.84 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.21 per share.
Is New 90 Day High Low • Dec 28New 90-day low: CN¥14.23The company is down 4.0% from its price of CN¥14.77 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.81 per share.
Is New 90 Day High Low • Dec 03New 90-day high: CN¥16.52The company is up 2.0% from its price of CN¥16.17 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.30 per share.
Is New 90 Day High Low • Oct 30New 90-day low: CN¥14.26The company is down 15% from its price of CN¥16.81 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.27 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.03b, up 38% from the prior year. Total revenue was CN¥29.5b over the last 12 months, down 3.4% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 3.2% at CN¥8.63b. Revenue is forecast to grow 25% over the next year, compared to a 30% growth forecast for the Electronic industry in China.