View ValuationGreat Microwave Technology 향후 성장Future 기준 점검 6/6Great Microwave Technology (는) 각각 연간 85.5% 및 78% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 85.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 22.6% 로 예상됩니다.핵심 정보85.5%이익 성장률85.51%EPS 성장률Semiconductor 이익 성장48.4%매출 성장률78.0%향후 자기자본이익률22.56%애널리스트 커버리지Low마지막 업데이트25 May 2026최근 향후 성장 업데이트Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.모든 업데이트 보기Recent updates공고 • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Great Microwave Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.62 (up from CN¥0.08 in FY 2024). Revenue: CN¥431.7m (up 42% from FY 2024). Net income: CN¥133.0m (up CN¥115.1m from FY 2024). Profit margin: 31% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.공고 • Apr 23Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China공고 • Mar 30Great Microwave Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Great Microwave Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공고 • Dec 26Great Microwave Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.036 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.036 in 3Q 2024). Revenue: CN¥97.5m (up 51% from 3Q 2024). Net income: CN¥38.6m (up 338% from 3Q 2024). Profit margin: 40% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Great Microwave Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).공고 • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Great Microwave Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.분석 기사 • Apr 02This Great Microwave Technology Co., Ltd. (SHSE:688270) Analyst Is Way More Bearish Than They Used To BeToday is shaping up negative for Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders, with the covering...Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.4m (up 8.0% from FY 2023). Net income: CN¥17.8m (down 75% from FY 2023). Profit margin: 5.9% (down from 26% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.공고 • Mar 29Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China공고 • Mar 28Great Microwave Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025Great Microwave Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025분석 기사 • Mar 25Market Participants Recognise Great Microwave Technology Co., Ltd.'s (SHSE:688270) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 26.9x Great Microwave Technology Co., Ltd. ( SHSE:688270...Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.5m (up 8.1% from FY 2023). Net income: CN¥18.1m (down 75% from FY 2023). Profit margin: 6.0% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공고 • Dec 27Great Microwave Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025공고 • Dec 03Great Microwave Technology Co., Ltd. (SHSE:688270) announces an Equity Buyback for CNY 40 million worth of its shares.Great Microwave Technology Co., Ltd. (SHSE:688270) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchase at a price of CNY 38.13 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.New Risk • Oct 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.029 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.029 in 3Q 2023). Revenue: CN¥64.4m (up 8.7% from 3Q 2023). Net income: CN¥8.83m (up 38% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).공고 • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Great Microwave Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.Price Target Changed • Aug 22Price target decreased by 38% to CN¥27.84Down from CN¥44.79, the current price target is provided by 1 analyst. New target price is 33% above last closing price of CN¥20.90. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.34 last year.New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin).공고 • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Great Microwave Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 1Q 2023)First quarter 2024 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 1Q 2023). Revenue: CN¥53.9m (up 29% from 1Q 2023). Net loss: CN¥5.68m (down 178% from profit in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.분석 기사 • Apr 16Great Microwave Technology Co., Ltd.'s (SHSE:688270) 29% Cheaper Price Remains In Tune With RevenuesGreat Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders won't be pleased to see that the share price has had...분석 기사 • Apr 05Great Microwave Technology's (SHSE:688270) Problems Go Beyond Weak ProfitA lackluster earnings announcement from Great Microwave Technology Co., Ltd. ( SHSE:688270 ) last week didn't sink the...Major Estimate Revision • Apr 05Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥424.2m to CN¥403.8m. EPS estimate also fell from CN¥1.12 per share to CN¥0.81 per share. Net income forecast to grow 71% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥62.71. Share price rose 2.4% to CN¥52.58 over the past week.Reported Earnings • Apr 01Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.72 in FY 2022). Revenue: CN¥280.8m (up 16% from FY 2022). Net income: CN¥72.5m (down 33% from FY 2022). Profit margin: 26% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.공고 • Mar 30Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China공고 • Mar 29Great Microwave Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Great Microwave Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024분석 기사 • Mar 28Great Microwave Technology (SHSE:688270) Might Be Having Difficulty Using Its Capital EffectivelyIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...분석 기사 • Mar 01Great Microwave Technology Co., Ltd.'s (SHSE:688270) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shares would be relieved that the share price has...Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.72 in FY 2022). Revenue: CN¥283.5m (up 17% from FY 2022). Net income: CN¥76.3m (down 29% from FY 2022). Profit margin: 27% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥39.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year.New Risk • Nov 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin).Major Estimate Revision • Nov 02Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥335.8m to CN¥318.9m. EPS estimate also fell from CN¥1.00 per share to CN¥0.894 per share. Net income forecast to grow 125% next year vs 76% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥64.89 to CN¥63.14. Share price was steady at CN¥51.01 over the past week.New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 54% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (29% net profit margin).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥69.6m (down 5.4% from 2Q 2022). Net income: CN¥26.3m (down 40% from 2Q 2022). Profit margin: 38% (down from 59% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.공고 • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Great Microwave Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023Reported Earnings • Apr 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.01. Revenue: CN¥242.6m (up 27% from FY 2021). Net income: CN¥107.7m (up 9.0% from FY 2021). Profit margin: 44% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.공고 • Feb 02A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 millionA group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million on January 31, 2023. Transfer price is CNY 97 per share and total number of shares to be acquired is 4,573,148 shares. Transaction is subject to the final handling result of China Securities Depository and Clearing Corporation Shanghai Branch.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Guomin Weng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.005 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.005 in 3Q 2021). Revenue: CN¥44.3m (up 171% from 3Q 2021). Net income: CN¥21.0m (up CN¥20.6m from 3Q 2021). Profit margin: 47% (up from 2.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥73.5m (up 350% from 2Q 2021). Net income: CN¥43.5m (up CN¥43.1m from 2Q 2021). Profit margin: 59% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 46% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥65.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 36x in the Semiconductor industry in China.Reported Earnings • Apr 08Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.21 (up from CN¥0.94 in FY 2020). Revenue: CN¥190.6m (up 25% from FY 2020). Net income: CN¥98.8m (up 28% from FY 2020). Profit margin: 52% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 34%. Over the next year, revenue is forecast to grow 42%, compared to a 47% growth forecast for the industry in China.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥56.50, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 38x in the Semiconductor industry in China.공고 • Jan 26Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion.Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion. Security Name: A Shares Security Type: Common Stock Securities Offered: 27,310,000 Price\Range: CNY 61.88 Transaction Features: Sponsor Backed Offering이익 및 매출 성장 예측SHSE:688270 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,1301,701-912-828112/31/20271,117404274353112/31/2026705236-364-28813/31/20264801506265N/A12/31/20254321335863N/A9/30/20254231043237N/A6/30/202539075-12424N/A3/31/202532248-13338N/A12/31/202430320-1899N/A9/30/202429347-17927N/A6/30/202428845-6217N/A3/31/202429360-66-6N/A12/31/202328172-389N/A9/30/202326476-2817N/A6/30/202324991-2223N/A3/31/2023253108-59-9N/A12/31/2022243108-1618N/A9/30/2022240129-43-14N/A6/30/2022212108-45-28N/A3/31/202219496-17-8N/A12/31/202119199-45N/A9/30/202117882-22-7N/A12/31/202015277311N/A12/31/2019554N/A-13N/A12/31/20184-49N/A-11N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688270 의 연간 예상 수익 증가율(85.5%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 688270 의 연간 수익(85.5%)이 CN 시장(26.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 688270 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 688270 의 수익(연간 78%)이 CN 시장(연간 16.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 688270 의 수익(연간 78%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688270의 자본 수익률은 3년 후 22.6%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/18 21:35종가2026/07/17 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Great Microwave Technology Co., Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wai Kin LauDaiwa Securities Co. Ltd.Man Hon YipDaiwa Securities Co. Ltd.Cong LiHuatai Research2명의 분석가 더 보기
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.
Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.
Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.
Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.
Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.
공고 • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026Great Microwave Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026
Reported Earnings • Apr 24Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.62 (up from CN¥0.08 in FY 2024). Revenue: CN¥431.7m (up 42% from FY 2024). Net income: CN¥133.0m (up CN¥115.1m from FY 2024). Profit margin: 31% (up from 5.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings.
공고 • Apr 23Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
공고 • Mar 30Great Microwave Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Great Microwave Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공고 • Dec 26Great Microwave Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026
Reported Earnings • Oct 24Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.036 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.036 in 3Q 2024). Revenue: CN¥97.5m (up 51% from 3Q 2024). Net income: CN¥38.6m (up 338% from 3Q 2024). Profit margin: 40% (up from 14% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025Great Microwave Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025
Major Estimate Revision • Aug 19Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥468.9m to CN¥491.1m. EPS estimate increased from CN¥0.70 to CN¥0.79 per share. Net income forecast to grow 211% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥44.80 to CN¥71.10. Share price rose 23% to CN¥72.91 over the past week.
Price Target Changed • Aug 15Price target increased by 59% to CN¥71.10Up from CN¥44.80, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of CN¥67.46. Stock is up 195% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.08 last year.
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).
공고 • Jun 30Great Microwave Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Great Microwave Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025
Major Estimate Revision • Apr 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥530.9m to CN¥468.9m. EPS estimate fell from CN¥0.86 to CN¥0.70 per share. Net income forecast to grow 735% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥43.00 to CN¥44.80. Share price rose 6.1% to CN¥39.79 over the past week.
분석 기사 • Apr 02This Great Microwave Technology Co., Ltd. (SHSE:688270) Analyst Is Way More Bearish Than They Used To BeToday is shaping up negative for Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders, with the covering...
Reported Earnings • Mar 30Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.4m (up 8.0% from FY 2023). Net income: CN¥17.8m (down 75% from FY 2023). Profit margin: 5.9% (down from 26% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
공고 • Mar 29Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
공고 • Mar 28Great Microwave Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025Great Microwave Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025
분석 기사 • Mar 25Market Participants Recognise Great Microwave Technology Co., Ltd.'s (SHSE:688270) RevenuesYou may think that with a price-to-sales (or "P/S") ratio of 26.9x Great Microwave Technology Co., Ltd. ( SHSE:688270...
Reported Earnings • Feb 26Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.08 (down from CN¥0.34 in FY 2023). Revenue: CN¥303.5m (up 8.1% from FY 2023). Net income: CN¥18.1m (down 75% from FY 2023). Profit margin: 6.0% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공고 • Dec 27Great Microwave Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
공고 • Dec 03Great Microwave Technology Co., Ltd. (SHSE:688270) announces an Equity Buyback for CNY 40 million worth of its shares.Great Microwave Technology Co., Ltd. (SHSE:688270) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchase at a price of CNY 38.13 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.48 to CN¥0.42. Revenue forecast unchanged from CN¥353.7m at last update. Net income forecast to grow 239% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥27.84 to CN¥43.00. Share price was steady at CN¥34.78 over the past week.
Price Target Changed • Oct 29Price target increased by 54% to CN¥43.00Up from CN¥27.84, the current price target is provided by 1 analyst. New target price is 22% above last closing price of CN¥35.13. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year.
New Risk • Oct 25New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.029 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.029 in 3Q 2023). Revenue: CN¥64.4m (up 8.7% from 3Q 2023). Net income: CN¥8.83m (up 38% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
공고 • Sep 30Great Microwave Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Great Microwave Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024
Major Estimate Revision • Aug 23Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥403.8m to CN¥353.7m. EPS estimate fell from CN¥0.579 to CN¥0.48 per share. Net income forecast to grow 109% next year vs 53% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥42.81 to CN¥27.84. Share price fell 9.9% to CN¥20.63 over the past week.
Price Target Changed • Aug 22Price target decreased by 38% to CN¥27.84Down from CN¥44.79, the current price target is provided by 1 analyst. New target price is 33% above last closing price of CN¥20.90. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.34 last year.
New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin).
공고 • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Great Microwave Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
Reported Earnings • Apr 27First quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 1Q 2023)First quarter 2024 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 1Q 2023). Revenue: CN¥53.9m (up 29% from 1Q 2023). Net loss: CN¥5.68m (down 178% from profit in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
분석 기사 • Apr 16Great Microwave Technology Co., Ltd.'s (SHSE:688270) 29% Cheaper Price Remains In Tune With RevenuesGreat Microwave Technology Co., Ltd. ( SHSE:688270 ) shareholders won't be pleased to see that the share price has had...
분석 기사 • Apr 05Great Microwave Technology's (SHSE:688270) Problems Go Beyond Weak ProfitA lackluster earnings announcement from Great Microwave Technology Co., Ltd. ( SHSE:688270 ) last week didn't sink the...
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥424.2m to CN¥403.8m. EPS estimate also fell from CN¥1.12 per share to CN¥0.81 per share. Net income forecast to grow 71% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥62.71. Share price rose 2.4% to CN¥52.58 over the past week.
Reported Earnings • Apr 01Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.72 in FY 2022). Revenue: CN¥280.8m (up 16% from FY 2022). Net income: CN¥72.5m (down 33% from FY 2022). Profit margin: 26% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
공고 • Mar 30Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China
공고 • Mar 29Great Microwave Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Great Microwave Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
분석 기사 • Mar 28Great Microwave Technology (SHSE:688270) Might Be Having Difficulty Using Its Capital EffectivelyIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
분석 기사 • Mar 01Great Microwave Technology Co., Ltd.'s (SHSE:688270) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Great Microwave Technology Co., Ltd. ( SHSE:688270 ) shares would be relieved that the share price has...
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.72 in FY 2022)Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.72 in FY 2022). Revenue: CN¥283.5m (up 17% from FY 2022). Net income: CN¥76.3m (down 29% from FY 2022). Profit margin: 27% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥39.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year.
New Risk • Nov 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin).
Major Estimate Revision • Nov 02Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥335.8m to CN¥318.9m. EPS estimate also fell from CN¥1.00 per share to CN¥0.894 per share. Net income forecast to grow 125% next year vs 76% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥64.89 to CN¥63.14. Share price was steady at CN¥51.01 over the past week.
New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 54% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (29% net profit margin).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥69.6m (down 5.4% from 2Q 2022). Net income: CN¥26.3m (down 40% from 2Q 2022). Profit margin: 38% (down from 59% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.
공고 • Jun 28Great Microwave Technology Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023Great Microwave Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023
Reported Earnings • Apr 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.01. Revenue: CN¥242.6m (up 27% from FY 2021). Net income: CN¥107.7m (up 9.0% from FY 2021). Profit margin: 44% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China.
공고 • Feb 02A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 millionA group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million on January 31, 2023. Transfer price is CNY 97 per share and total number of shares to be acquired is 4,573,148 shares. Transaction is subject to the final handling result of China Securities Depository and Clearing Corporation Shanghai Branch.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Guomin Weng was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 21Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.005 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.005 in 3Q 2021). Revenue: CN¥44.3m (up 171% from 3Q 2021). Net income: CN¥21.0m (up CN¥20.6m from 3Q 2021). Profit margin: 47% (up from 2.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥73.5m (up 350% from 2Q 2021). Net income: CN¥43.5m (up CN¥43.1m from 2Q 2021). Profit margin: 59% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 46% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥65.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 36x in the Semiconductor industry in China.
Reported Earnings • Apr 08Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.21 (up from CN¥0.94 in FY 2020). Revenue: CN¥190.6m (up 25% from FY 2020). Net income: CN¥98.8m (up 28% from FY 2020). Profit margin: 52% (up from 51% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 34%. Over the next year, revenue is forecast to grow 42%, compared to a 47% growth forecast for the industry in China.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥56.50, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 38x in the Semiconductor industry in China.
공고 • Jan 26Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion.Great Microwave Technology Co., Ltd. has completed an IPO in the amount of CNY 1.689943 billion. Security Name: A Shares Security Type: Common Stock Securities Offered: 27,310,000 Price\Range: CNY 61.88 Transaction Features: Sponsor Backed Offering