View ValuationPiotech 향후 성장Future 기준 점검 6/6Piotech (는) 각각 연간 34.1% 및 30.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 34.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 28% 로 예상됩니다.핵심 정보34.1%이익 성장률34.93%EPS 성장률Semiconductor 이익 성장47.2%매출 성장률30.9%향후 자기자본이익률27.95%애널리스트 커버리지Low마지막 업데이트03 Jun 2026최근 향후 성장 업데이트Price Target Changed • Nov 01Price target increased by 9.3% to CN¥244Up from CN¥223, the current price target is an average from 6 analysts. New target price is 20% below last closing price of CN¥305. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥3.42 for next year compared to CN¥2.48 last year.Price Target Changed • Jan 17Price target increased by 8.5% to CN¥218Up from CN¥201, the current price target is an average from 6 analysts. New target price is 41% above last closing price of CN¥155. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.39 last year.Price Target Changed • Nov 25Price target increased by 9.1% to CN¥219Up from CN¥201, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥192. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.Price Target Changed • Nov 22Price target increased by 9.3% to CN¥214Up from CN¥196, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥190. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.Major Estimate Revision • Oct 29Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.78 to CN¥2.09 per share. Revenue forecast steady at CN¥3.96b. Net income forecast to grow 27% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥196 unchanged from last update. Share price rose 2.8% to CN¥153 over the past week.Price Target Changed • Sep 04Price target decreased by 7.5% to CN¥192Down from CN¥208, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CN¥123. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.39 last year.모든 업데이트 보기Recent updatesNew Risk • May 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results.Board Change • May 15Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥445, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 57x in the Semiconductor industry in China. Total returns to shareholders of 150% over the past three years.New Risk • Apr 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 28Full year 2025 earnings released: EPS: CN¥3.32 (vs CN¥2.48 in FY 2024)Full year 2025 results: EPS: CN¥3.32 (up from CN¥2.48 in FY 2024). Revenue: CN¥6.52b (up 59% from FY 2024). Net income: CN¥926.7m (up 35% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year.공시 • Apr 28Piotech Inc., Annual General Meeting, May 18, 2026Piotech Inc., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China공시 • Mar 30Piotech Inc. to Report Q1, 2026 Results on Apr 28, 2026Piotech Inc. announced that they will report Q1, 2026 results on Apr 28, 2026Reported Earnings • Mar 01Full year 2025 earnings released: EPS: CN¥3.33 (vs CN¥2.48 in FY 2024)Full year 2025 results: EPS: CN¥3.33 (up from CN¥2.48 in FY 2024). Revenue: CN¥6.52b (up 59% from FY 2024). Net income: CN¥929.3m (up 35% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.공시 • Dec 26Piotech Inc. to Report Fiscal Year 2025 Results on Apr 28, 2026Piotech Inc. announced that they will report fiscal year 2025 results on Apr 28, 2026Price Target Changed • Nov 01Price target increased by 9.3% to CN¥244Up from CN¥223, the current price target is an average from 6 analysts. New target price is 20% below last closing price of CN¥305. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥3.42 for next year compared to CN¥2.48 last year.공시 • Sep 30Piotech Inc. to Report Q3, 2025 Results on Oct 31, 2025Piotech Inc. announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 24New 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin).Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.87 (vs CN¥0.39 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.87 (up from CN¥0.39 in 2Q 2024). Revenue: CN¥1.25b (up 57% from 2Q 2024). Net income: CN¥241.2m (up 103% from 2Q 2024). Profit margin: 19% (up from 15% in 2Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공시 • Jun 30Piotech Inc. to Report First Half, 2025 Results on Aug 26, 2025Piotech Inc. announced that they will report first half, 2025 results on Aug 26, 2025공시 • Jun 24Piotech Inc.(SHSE:688072) dropped from Shanghai Stock Exchange 180 Value IndexPiotech Inc removedDeclared Dividend • Jun 15Dividend of CN¥0.27 announcedShareholders will receive a dividend of CN¥0.27. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%.Reported Earnings • Apr 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥2.48 (up from CN¥2.39 in FY 2023). Revenue: CN¥4.10b (up 52% from FY 2023). Net income: CN¥688.2m (up 3.9% from FY 2023). Profit margin: 17% (down from 25% in FY 2023). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 43% per year.공시 • Apr 25Piotech Inc., Annual General Meeting, May 20, 2025Piotech Inc., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China공시 • Mar 28Piotech Inc. to Report Q1, 2025 Results on Apr 30, 2025Piotech Inc. announced that they will report Q1, 2025 results on Apr 30, 2025Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥2.48 (up from CN¥2.39 in FY 2023). Revenue: CN¥4.10b (up 52% from FY 2023). Net income: CN¥688.5m (up 3.9% from FY 2023). Profit margin: 17% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.Price Target Changed • Jan 17Price target increased by 8.5% to CN¥218Up from CN¥201, the current price target is an average from 6 analysts. New target price is 41% above last closing price of CN¥155. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.39 last year.공시 • Dec 27Piotech Inc. to Report Fiscal Year 2024 Results on Apr 25, 2025Piotech Inc. announced that they will report fiscal year 2024 results on Apr 25, 2025Price Target Changed • Nov 25Price target increased by 9.1% to CN¥219Up from CN¥201, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥192. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.Price Target Changed • Nov 22Price target increased by 9.3% to CN¥214Up from CN¥196, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥190. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥177, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 4.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥188 per share.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.53 (vs CN¥0.54 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.53 (down from CN¥0.54 in 3Q 2023). Revenue: CN¥1.01b (up 45% from 3Q 2023). Net income: CN¥142.2m (down 2.9% from 3Q 2023). Profit margin: 14% (down from 21% in 3Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.Major Estimate Revision • Oct 29Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.78 to CN¥2.09 per share. Revenue forecast steady at CN¥3.96b. Net income forecast to grow 27% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥196 unchanged from last update. Share price rose 2.8% to CN¥153 over the past week.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥143, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 17% over the past year.공시 • Sep 30Piotech Inc. to Report Q3, 2024 Results on Oct 29, 2024Piotech Inc. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥121, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year.New Risk • Sep 28New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (89% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).Price Target Changed • Sep 04Price target decreased by 7.5% to CN¥192Down from CN¥208, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CN¥123. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.39 last year.Major Estimate Revision • Sep 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥3.18 to CN¥2.82 per share. Revenue forecast steady at CN¥3.98b. Net income forecast to grow 47% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥208 to CN¥201. Share price was steady at CN¥121 over the past week.Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.26 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.26 in 2Q 2023). Revenue: CN¥795.1m (up 32% from 2Q 2023). Net income: CN¥118.6m (up 67% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.공시 • Jun 28Piotech Inc. to Report First Half, 2024 Results on Aug 28, 2024Piotech Inc. announced that they will report first half, 2024 results on Aug 28, 2024Price Target Changed • Jun 14Price target increased by 8.8% to CN¥200Up from CN¥184, the current price target is an average from 5 analysts. New target price is 44% above last closing price of CN¥139. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥3.43 for next year compared to CN¥2.39 last year.New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 49% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (119% accrual ratio). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to CN¥145, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Semiconductor industry in China. Total loss to shareholders of 50% over the past year.Major Estimate Revision • May 06Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥5.08 to CN¥4.55 per share. Revenue forecast steady at CN¥4.05b. Net income forecast to grow 50% next year vs 59% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥288. Share price fell 5.8% to CN¥182 over the past week.Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.28 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.06 (down from CN¥0.28 in 1Q 2023). Revenue: CN¥471.8m (up 17% from 1Q 2023). Net income: CN¥10.5m (down 81% from 1Q 2023). Profit margin: 2.2% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.공시 • May 01Piotech Inc., Annual General Meeting, May 20, 2024Piotech Inc., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China공시 • Mar 30Piotech Inc. to Report Q1, 2024 Results on Apr 30, 2024Piotech Inc. announced that they will report Q1, 2024 results on Apr 30, 2024Major Estimate Revision • Mar 21Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥4.40 to CN¥4.87. Revenue forecast unchanged at CN¥4.08b. Net income forecast to grow 24% next year vs 65% growth forecast for Semiconductor industry in China. Consensus price target of CN¥290 unchanged from last update. Share price rose 4.4% to CN¥210 over the past week.Reported Earnings • Feb 27Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥3.55 (up from CN¥2.15 in FY 2022). Revenue: CN¥2.70b (up 59% from FY 2022). Net income: CN¥664.7m (up 80% from FY 2022). Profit margin: 25% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.Major Estimate Revision • Jan 25Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.85b to CN¥2.78b. EPS estimate rose from CN¥2.77 to CN¥3.21. Net income forecast to grow 92% next year vs 64% growth forecast for Semiconductor industry in China. Consensus price target of CN¥294 unchanged from last update. Share price was steady at CN¥182 over the past week.공시 • Dec 29Piotech Inc. to Report Fiscal Year 2023 Results on Apr 30, 2024Piotech Inc. announced that they will report fiscal year 2023 results on Apr 30, 2024Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥1.01 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.56 (down from CN¥1.01 in 2Q 2022). Revenue: CN¥601.3m (up 45% from 2Q 2022). Net income: CN¥70.8m (down 41% from 2Q 2022). Profit margin: 12% (down from 29% in 2Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.Board Change • Aug 04Less than half of directors are independentThere are 7 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: 7 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Supervisor Yang Cao is the most experienced director on the board, commencing their role in 2018. Independent Director Guoqing Zhao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.공시 • Jun 28Piotech Inc. to Report First Half, 2023 Results on Aug 29, 2023Piotech Inc. announced that they will report first half, 2023 results on Aug 29, 2023Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥3.18 (up from CN¥0.72 in FY 2021). Revenue: CN¥1.71b (up 125% from FY 2021). Net income: CN¥368.5m (up 438% from FY 2021). Profit margin: 22% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.Major Estimate Revision • Feb 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from CN¥2.52 to CN¥2.80. Revenue forecast unchanged at CN¥1.62b. Net income forecast to grow 67% next year vs 45% growth forecast for Semiconductor industry in China. Consensus price target of CN¥302 unchanged from last update. Share price was steady at CN¥279 over the past week.Major Estimate Revision • Feb 04Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2022 has improved. 2022 revenue forecast increased from CN¥1.52b to CN¥1.60b. EPS estimate increased from CN¥2.19 to CN¥2.52 per share. Net income forecast to grow 64% next year vs 43% growth forecast for Semiconductor industry in China. Consensus price target of CN¥283 unchanged from last update. Share price fell 5.0% to CN¥246 over the past week.Major Estimate Revision • Nov 07Consensus revenue estimates increase by 25%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥1.22b to CN¥1.53b. EPS estimate increased from CN¥1.41 to CN¥1.79 per share. Net income forecast to grow 21% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥171 to CN¥222. Share price fell 4.3% to CN¥261 over the past week.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥1.01 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.01 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥468.3m (up 22% from 3Q 2021). Net income: CN¥129.4m (up CN¥118.8m from 3Q 2021). Profit margin: 28% (up from 2.7% in 3Q 2021). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Buying Opportunity • Jul 04Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.이익 및 매출 성장 예측SHSE:688072 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202816,2134,2842,2461,741312/31/202711,5252,7494851,904412/31/20268,3572,039523-30943/31/20266,9231,6442,5333,102N/A12/31/20256,5199273,0583,633N/A9/30/20256,0469733,1053,548N/A6/30/20254,7916531,6172,183N/A3/31/20254,340531-262450N/A12/31/20244,103688-969-283N/A9/30/20243,280663-2,075-1,293N/A6/30/20242,968667-2,425-1,814N/A3/31/20242,774619-2,711-2,239N/A12/31/20232,705663-2,138-1,657N/A9/30/20232,417402-1,268-998N/A6/30/20232,186385-1,017-757N/A3/31/20232,000434-18139N/A12/31/20221,706368137248N/A9/30/20221,376248-3696N/A6/30/20221,169197245432N/A3/31/202280867117281N/A12/31/202175868-12137N/A1/1/2021436-11303309N/A12/31/2019251-19N/A-22N/A12/31/201871-103N/A-128N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688072 의 연간 예상 수익 증가율(34.1%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 688072 의 연간 수익(34.1%)이 CN 시장(26.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 688072 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 688072 의 수익(연간 30.9%)이 CN 시장(연간 16.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 688072 의 수익(연간 30.9%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688072의 자본 수익률은 3년 후 28%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/12 18:29종가2026/06/12 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Piotech Inc.는 14명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mark LiBernsteinHao DaiBernsteinQingyuan LinBernstein11명의 분석가 더 보기
Price Target Changed • Nov 01Price target increased by 9.3% to CN¥244Up from CN¥223, the current price target is an average from 6 analysts. New target price is 20% below last closing price of CN¥305. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥3.42 for next year compared to CN¥2.48 last year.
Price Target Changed • Jan 17Price target increased by 8.5% to CN¥218Up from CN¥201, the current price target is an average from 6 analysts. New target price is 41% above last closing price of CN¥155. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.39 last year.
Price Target Changed • Nov 25Price target increased by 9.1% to CN¥219Up from CN¥201, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥192. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.
Price Target Changed • Nov 22Price target increased by 9.3% to CN¥214Up from CN¥196, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥190. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.
Major Estimate Revision • Oct 29Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.78 to CN¥2.09 per share. Revenue forecast steady at CN¥3.96b. Net income forecast to grow 27% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥196 unchanged from last update. Share price rose 2.8% to CN¥153 over the past week.
Price Target Changed • Sep 04Price target decreased by 7.5% to CN¥192Down from CN¥208, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CN¥123. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.39 last year.
New Risk • May 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results.
Board Change • May 15Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sheng Liu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥445, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 57x in the Semiconductor industry in China. Total returns to shareholders of 150% over the past three years.
New Risk • Apr 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 28Full year 2025 earnings released: EPS: CN¥3.32 (vs CN¥2.48 in FY 2024)Full year 2025 results: EPS: CN¥3.32 (up from CN¥2.48 in FY 2024). Revenue: CN¥6.52b (up 59% from FY 2024). Net income: CN¥926.7m (up 35% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year.
공시 • Apr 28Piotech Inc., Annual General Meeting, May 18, 2026Piotech Inc., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China
공시 • Mar 30Piotech Inc. to Report Q1, 2026 Results on Apr 28, 2026Piotech Inc. announced that they will report Q1, 2026 results on Apr 28, 2026
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: CN¥3.33 (vs CN¥2.48 in FY 2024)Full year 2025 results: EPS: CN¥3.33 (up from CN¥2.48 in FY 2024). Revenue: CN¥6.52b (up 59% from FY 2024). Net income: CN¥929.3m (up 35% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Dec 26Piotech Inc. to Report Fiscal Year 2025 Results on Apr 28, 2026Piotech Inc. announced that they will report fiscal year 2025 results on Apr 28, 2026
Price Target Changed • Nov 01Price target increased by 9.3% to CN¥244Up from CN¥223, the current price target is an average from 6 analysts. New target price is 20% below last closing price of CN¥305. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥3.42 for next year compared to CN¥2.48 last year.
공시 • Sep 30Piotech Inc. to Report Q3, 2025 Results on Oct 31, 2025Piotech Inc. announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 24New 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin).
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.87 (vs CN¥0.39 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.87 (up from CN¥0.39 in 2Q 2024). Revenue: CN¥1.25b (up 57% from 2Q 2024). Net income: CN¥241.2m (up 103% from 2Q 2024). Profit margin: 19% (up from 15% in 2Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공시 • Jun 30Piotech Inc. to Report First Half, 2025 Results on Aug 26, 2025Piotech Inc. announced that they will report first half, 2025 results on Aug 26, 2025
공시 • Jun 24Piotech Inc.(SHSE:688072) dropped from Shanghai Stock Exchange 180 Value IndexPiotech Inc removed
Declared Dividend • Jun 15Dividend of CN¥0.27 announcedShareholders will receive a dividend of CN¥0.27. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%.
Reported Earnings • Apr 25Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥2.48 (up from CN¥2.39 in FY 2023). Revenue: CN¥4.10b (up 52% from FY 2023). Net income: CN¥688.2m (up 3.9% from FY 2023). Profit margin: 17% (down from 25% in FY 2023). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 43% per year.
공시 • Apr 25Piotech Inc., Annual General Meeting, May 20, 2025Piotech Inc., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China
공시 • Mar 28Piotech Inc. to Report Q1, 2025 Results on Apr 30, 2025Piotech Inc. announced that they will report Q1, 2025 results on Apr 30, 2025
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥2.48 (up from CN¥2.39 in FY 2023). Revenue: CN¥4.10b (up 52% from FY 2023). Net income: CN¥688.5m (up 3.9% from FY 2023). Profit margin: 17% (down from 25% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Price Target Changed • Jan 17Price target increased by 8.5% to CN¥218Up from CN¥201, the current price target is an average from 6 analysts. New target price is 41% above last closing price of CN¥155. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.45 for next year compared to CN¥2.39 last year.
공시 • Dec 27Piotech Inc. to Report Fiscal Year 2024 Results on Apr 25, 2025Piotech Inc. announced that they will report fiscal year 2024 results on Apr 25, 2025
Price Target Changed • Nov 25Price target increased by 9.1% to CN¥219Up from CN¥201, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥192. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.
Price Target Changed • Nov 22Price target increased by 9.3% to CN¥214Up from CN¥196, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥190. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥2.39 last year.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥177, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 4.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥188 per share.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.53 (vs CN¥0.54 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.53 (down from CN¥0.54 in 3Q 2023). Revenue: CN¥1.01b (up 45% from 3Q 2023). Net income: CN¥142.2m (down 2.9% from 3Q 2023). Profit margin: 14% (down from 21% in 3Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
Major Estimate Revision • Oct 29Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.78 to CN¥2.09 per share. Revenue forecast steady at CN¥3.96b. Net income forecast to grow 27% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥196 unchanged from last update. Share price rose 2.8% to CN¥153 over the past week.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥143, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 17% over the past year.
공시 • Sep 30Piotech Inc. to Report Q3, 2024 Results on Oct 29, 2024Piotech Inc. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥121, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year.
New Risk • Sep 28New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (89% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
Price Target Changed • Sep 04Price target decreased by 7.5% to CN¥192Down from CN¥208, the current price target is an average from 5 analysts. New target price is 56% above last closing price of CN¥123. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥2.78 for next year compared to CN¥2.39 last year.
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥3.18 to CN¥2.82 per share. Revenue forecast steady at CN¥3.98b. Net income forecast to grow 47% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥208 to CN¥201. Share price was steady at CN¥121 over the past week.
Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.26 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.26 in 2Q 2023). Revenue: CN¥795.1m (up 32% from 2Q 2023). Net income: CN¥118.6m (up 67% from 2Q 2023). Profit margin: 15% (up from 12% in 2Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.
공시 • Jun 28Piotech Inc. to Report First Half, 2024 Results on Aug 28, 2024Piotech Inc. announced that they will report first half, 2024 results on Aug 28, 2024
Price Target Changed • Jun 14Price target increased by 8.8% to CN¥200Up from CN¥184, the current price target is an average from 5 analysts. New target price is 44% above last closing price of CN¥139. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥3.43 for next year compared to CN¥2.39 last year.
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 49% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (119% accrual ratio). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 25%After last week's 25% share price decline to CN¥145, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Semiconductor industry in China. Total loss to shareholders of 50% over the past year.
Major Estimate Revision • May 06Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥5.08 to CN¥4.55 per share. Revenue forecast steady at CN¥4.05b. Net income forecast to grow 50% next year vs 59% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥288. Share price fell 5.8% to CN¥182 over the past week.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.28 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.06 (down from CN¥0.28 in 1Q 2023). Revenue: CN¥471.8m (up 17% from 1Q 2023). Net income: CN¥10.5m (down 81% from 1Q 2023). Profit margin: 2.2% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
공시 • May 01Piotech Inc., Annual General Meeting, May 20, 2024Piotech Inc., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenyang, Liaoning China
공시 • Mar 30Piotech Inc. to Report Q1, 2024 Results on Apr 30, 2024Piotech Inc. announced that they will report Q1, 2024 results on Apr 30, 2024
Major Estimate Revision • Mar 21Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥4.40 to CN¥4.87. Revenue forecast unchanged at CN¥4.08b. Net income forecast to grow 24% next year vs 65% growth forecast for Semiconductor industry in China. Consensus price target of CN¥290 unchanged from last update. Share price rose 4.4% to CN¥210 over the past week.
Reported Earnings • Feb 27Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥3.55 (up from CN¥2.15 in FY 2022). Revenue: CN¥2.70b (up 59% from FY 2022). Net income: CN¥664.7m (up 80% from FY 2022). Profit margin: 25% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Major Estimate Revision • Jan 25Consensus EPS estimates increase by 16%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.85b to CN¥2.78b. EPS estimate rose from CN¥2.77 to CN¥3.21. Net income forecast to grow 92% next year vs 64% growth forecast for Semiconductor industry in China. Consensus price target of CN¥294 unchanged from last update. Share price was steady at CN¥182 over the past week.
공시 • Dec 29Piotech Inc. to Report Fiscal Year 2023 Results on Apr 30, 2024Piotech Inc. announced that they will report fiscal year 2023 results on Apr 30, 2024
Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥1.01 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.56 (down from CN¥1.01 in 2Q 2022). Revenue: CN¥601.3m (up 45% from 2Q 2022). Net income: CN¥70.8m (down 41% from 2Q 2022). Profit margin: 12% (down from 29% in 2Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Board Change • Aug 04Less than half of directors are independentThere are 7 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: 7 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Supervisor Yang Cao is the most experienced director on the board, commencing their role in 2018. Independent Director Guoqing Zhao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
공시 • Jun 28Piotech Inc. to Report First Half, 2023 Results on Aug 29, 2023Piotech Inc. announced that they will report first half, 2023 results on Aug 29, 2023
Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥3.18 (up from CN¥0.72 in FY 2021). Revenue: CN¥1.71b (up 125% from FY 2021). Net income: CN¥368.5m (up 438% from FY 2021). Profit margin: 22% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.
Major Estimate Revision • Feb 22Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from CN¥2.52 to CN¥2.80. Revenue forecast unchanged at CN¥1.62b. Net income forecast to grow 67% next year vs 45% growth forecast for Semiconductor industry in China. Consensus price target of CN¥302 unchanged from last update. Share price was steady at CN¥279 over the past week.
Major Estimate Revision • Feb 04Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2022 has improved. 2022 revenue forecast increased from CN¥1.52b to CN¥1.60b. EPS estimate increased from CN¥2.19 to CN¥2.52 per share. Net income forecast to grow 64% next year vs 43% growth forecast for Semiconductor industry in China. Consensus price target of CN¥283 unchanged from last update. Share price fell 5.0% to CN¥246 over the past week.
Major Estimate Revision • Nov 07Consensus revenue estimates increase by 25%The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥1.22b to CN¥1.53b. EPS estimate increased from CN¥1.41 to CN¥1.79 per share. Net income forecast to grow 21% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥171 to CN¥222. Share price fell 4.3% to CN¥261 over the past week.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥1.01 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.01 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥468.3m (up 22% from 3Q 2021). Net income: CN¥129.4m (up CN¥118.8m from 3Q 2021). Profit margin: 28% (up from 2.7% in 3Q 2021). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Buying Opportunity • Jul 04Now 23% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be CN¥194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 37% per annum. Earnings is also forecast to grow by 52% per annum over the same time period.