공고 • Jun 30
Hefei Chipmore Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Hefei Chipmore Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 New Risk • May 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Earnings have declined by 12% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • May 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Dividend yield: 0.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Earnings have declined by 12% per year over the past 5 years. 공고 • Apr 23
Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 13, 2026 Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: No. 2350, Dayu Road, Xinzhan District, Hefei, Anhui China New Risk • Apr 21
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.26 in FY 2024) Full year 2025 results: EPS: CN¥0.22 (down from CN¥0.26 in FY 2024). Revenue: CN¥2.19b (up 12% from FY 2024). Net income: CN¥265.8m (down 15% from FY 2024). Profit margin: 12% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. 공고 • Mar 30
Hefei Chipmore Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Hefei Chipmore Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥16.68, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 92x in the Semiconductor industry in China. Total returns to shareholders of 45% over the past year. 공고 • Dec 26
Hefei Chipmore Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Hefei Chipmore Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: CN¥0.087 (vs CN¥0.051 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.087 (up from CN¥0.051 in 3Q 2024). Revenue: CN¥608.8m (up 21% from 3Q 2024). Net income: CN¥85.3m (up 29% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). 공고 • Sep 30
Hefei Chipmore Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hefei Chipmore Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.63, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 80x in the Semiconductor industry in China. Total returns to shareholders of 27% over the past year. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.082 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.069 (down from CN¥0.082 in 2Q 2024). Revenue: CN¥521.5m (up 6.3% from 2Q 2024). Net income: CN¥69.7m (down 18% from 2Q 2024). Profit margin: 13% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. 공고 • Jun 30
Hefei Chipmore Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Hefei Chipmore Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 New Risk • May 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 24% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (13% net profit margin). 공고 • Apr 30
Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: No. 2350, Dayu Road, Xinzhan District, Hefei, Anhui China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥10.11, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 66x in the Semiconductor industry in China. Negligible returns to shareholders over past year. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.33 in FY 2023) Full year 2024 results: EPS: CN¥0.26 (down from CN¥0.33 in FY 2023). Revenue: CN¥1.96b (up 20% from FY 2023). Net income: CN¥313.3m (down 16% from FY 2023). Profit margin: 16% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. 공고 • Mar 28
Hefei Chipmore Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Hefei Chipmore Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.33 in FY 2023) Full year 2024 results: EPS: CN¥0.26 (down from CN¥0.33 in FY 2023). Revenue: CN¥1.96b (up 20% from FY 2023). Net income: CN¥313.3m (down 16% from FY 2023). Profit margin: 16% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. 공고 • Dec 27
Hefei Chipmore Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Hefei Chipmore Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.44, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 68x in the Semiconductor industry in China. Total returns to shareholders of 6.4% over the past year. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.094 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.094 in 3Q 2023). Revenue: CN¥501.4m (up 9.4% from 3Q 2023). Net income: CN¥66.4m (down 46% from 3Q 2023). Profit margin: 13% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. 공고 • Sep 30
Hefei Chipmore Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 17, 2024 Hefei Chipmore Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 17, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.71, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 47x in the Semiconductor industry in China. Total loss to shareholders of 21% over the past year. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.082 (vs CN¥0.09 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.082 (down from CN¥0.09 in 2Q 2023). Revenue: CN¥490.5m (up 29% from 2Q 2023). Net income: CN¥85.3m (down 6.8% from 2Q 2023). Profit margin: 17% (down from 24% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.85, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 48x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year. 공고 • Jun 29
Hefei Chipmore Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Hefei Chipmore Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 공고 • May 01
Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 23, 2024 Hefei Chipmore Technology Co.,Ltd., Annual General Meeting, May 23, 2024, at 14:00 China Standard Time. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.03 in 1Q 2023). Revenue: CN¥443.4m (up 44% from 1Q 2023). Net income: CN¥76.7m (up 151% from 1Q 2023). Profit margin: 17% (up from 9.9% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.68, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 49x in the Semiconductor industry in China. 공고 • Mar 30
Hefei Chipmore Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 19, 2024 Hefei Chipmore Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024 Reported Earnings • Feb 20
Full year 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.31 in FY 2022) Full year 2023 results: EPS: CN¥0.33 (up from CN¥0.31 in FY 2022). Revenue: CN¥1.63b (up 24% from FY 2022). Net income: CN¥370.2m (up 22% from FY 2022). Profit margin: 23% (in line with FY 2022). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.70, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 48x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.64, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 64x in the Semiconductor industry in China. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.094 (vs CN¥0.064 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.094 (up from CN¥0.064 in 3Q 2022). Revenue: CN¥458.4m (up 53% from 3Q 2022). Net income: CN¥122.7m (up 100% from 3Q 2022). Profit margin: 27% (up from 20% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 • Aug 24
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.09. Net income: CN¥91.6m (up CN¥91.6m from 2Q 2022). 공고 • Jun 28
Hefei Chipmore Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Hefei Chipmore Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.50, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 65x in the Semiconductor industry in China. Reported Earnings • Apr 21
First quarter 2023 earnings released First quarter 2023 results: EPS: CN¥0.03. Net income: CN¥30.6m (up CN¥30.6m from 1Q 2022).