View ValuationChina Resources Microelectronics 향후 성장Future 기준 점검 3/6China Resources Microelectronics (는) 각각 연간 33.9% 및 15.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 34.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.3% 로 예상됩니다.핵심 정보33.9%이익 성장률34.05%EPS 성장률Semiconductor 이익 성장46.8%매출 성장률15.9%향후 자기자본이익률7.31%애널리스트 커버리지Good마지막 업데이트28 Apr 2026최근 향후 성장 업데이트Price Target Changed • Apr 27Price target increased by 7.7% to CN¥53.05Up from CN¥49.26, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥55.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.50 last year.Price Target Changed • Sep 02Price target increased by 7.5% to CN¥48.25Up from CN¥44.88, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥50.22. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.58 last year.Major Estimate Revision • Sep 02Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.815 to CN¥0.717 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 31% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥48.25. Share price fell 2.6% to CN¥50.22 over the past week.Major Estimate Revision • May 23Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.763 to CN¥0.853. Revenue forecast steady at CN¥11.4b. Net income forecast to grow 48% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥43.18 unchanged from last update. Share price fell 3.9% to CN¥46.12 over the past week.Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.5b. EPS estimate fell from CN¥1.16 to CN¥0.993 per share. Net income forecast to grow 43% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥43.07. Share price was steady at CN¥46.89 over the past week.Major Estimate Revision • Mar 13Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.4b. EPS estimate fell from CN¥1.32 to CN¥1.18 per share. Net income forecast to grow 101% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥44.90. Share price fell 5.0% to CN¥47.10 over the past week.모든 업데이트 보기Recent updatesPrice Target Changed • Apr 27Price target increased by 7.7% to CN¥53.05Up from CN¥49.26, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥55.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.50 last year.Reported Earnings • Apr 25First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.063 in 1Q 2025). Revenue: CN¥2.86b (up 21% from 1Q 2025). Net income: CN¥330.0m (up 297% from 1Q 2025). Profit margin: 12% (up from 3.5% in 1Q 2025). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.공시 • Apr 25China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China공시 • Mar 30China Resources Microelectronics Limited to Report Q1, 2026 Results on Apr 25, 2026China Resources Microelectronics Limited announced that they will report Q1, 2026 results on Apr 25, 2026Reported Earnings • Feb 28Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.50 (down from CN¥0.58 in FY 2024). Revenue: CN¥11.1b (up 9.2% from FY 2024). Net income: CN¥661.4m (down 13% from FY 2024). Profit margin: 6.0% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 12% 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 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Jan 07New 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 7.1% 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 (7.1% average weekly change). Large one-off items impacting financial results.공시 • Dec 26China Resources Microelectronics Limited to Report Fiscal Year 2025 Results on Apr 25, 2026China Resources Microelectronics Limited announced that they will report fiscal year 2025 results on Apr 25, 2026Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥2.85b (up 5.1% from 3Q 2024). Net income: CN¥186.7m (down 15% from 3Q 2024). Profit margin: 6.5% (down from 8.1% in 3Q 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 12% 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 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Sep 30China Resources Microelectronics Limited to Report Q3, 2025 Results on Oct 31, 2025China Resources Microelectronics Limited announced that they will report Q3, 2025 results on Oct 31, 2025Price Target Changed • Sep 02Price target increased by 7.5% to CN¥48.25Up from CN¥44.88, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥50.22. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.58 last year.Major Estimate Revision • Sep 02Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.815 to CN¥0.717 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 31% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥48.25. Share price fell 2.6% to CN¥50.22 over the past week.공시 • Jun 30China Resources Microelectronics Limited to Report First Half, 2025 Results on Aug 29, 2025China Resources Microelectronics Limited announced that they will report first half, 2025 results on Aug 29, 2025공시 • Jun 24China Resources Microelectronics Limited(SHSE:688396) dropped from Shanghai Stock Exchange 180 Value IndexChina Resources Microelectronics Limited removed from Shanghai Stock Exchange 180 Value IndexDeclared Dividend • Jun 09Dividend of CN¥0.058 announcedShareholders will receive a dividend of CN¥0.058. Ex-date: 12th June 2025 Payment date: 12th June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 11%.Major Estimate Revision • May 23Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.763 to CN¥0.853. Revenue forecast steady at CN¥11.4b. Net income forecast to grow 48% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥43.18 unchanged from last update. Share price fell 3.9% to CN¥46.12 over the past week.Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.5b. EPS estimate fell from CN¥1.16 to CN¥0.993 per share. Net income forecast to grow 43% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥43.07. Share price was steady at CN¥46.89 over the past week.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: CN¥0.063 (up from CN¥0.025 in 1Q 2024). Revenue: CN¥2.35b (up 11% from 1Q 2024). Net income: CN¥83.2m (up 151% from 1Q 2024). Profit margin: 3.5% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 12% 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 only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Apr 30China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu ChinaValuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥46.27, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 37x in the Semiconductor industry in China. Total loss to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.32 per share.공시 • Mar 28China Resources Microelectronics Limited to Report Q1, 2025 Results on Apr 30, 2025China Resources Microelectronics Limited announced that they will report Q1, 2025 results on Apr 30, 2025Major Estimate Revision • Mar 13Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.4b. EPS estimate fell from CN¥1.32 to CN¥1.18 per share. Net income forecast to grow 101% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥44.90. Share price fell 5.0% to CN¥47.10 over the past week.Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.59 (down from CN¥1.12 in FY 2023). Revenue: CN¥10.1b (up 2.2% from FY 2023). Net income: CN¥775.8m (down 48% from FY 2023). Profit margin: 7.7% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 13% 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 37% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공시 • Dec 27China Resources Microelectronics Limited to Report Fiscal Year 2024 Results on Apr 30, 2025China Resources Microelectronics Limited announced that they will report fiscal year 2024 results on Apr 30, 2025Price Target Changed • Nov 03Price target increased by 11% to CN¥43.37Up from CN¥39.01, the current price target is an average from 7 analysts. New target price is 12% below last closing price of CN¥49.31. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥1.12 last year.Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥2.71b (up 8.4% from 3Q 2023). Net income: CN¥219.0m (down 21% from 3Q 2023). Profit margin: 8.1% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥47.50, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 28% over the past three years.공시 • Sep 30China Resources Microelectronics Limited to Report Q3, 2024 Results on Oct 31, 2024China Resources Microelectronics Limited announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥39.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.30 per share.Major Estimate Revision • Sep 06Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥10.2b to CN¥10.6b. EPS estimate fell from CN¥0.92 to CN¥0.805 per share. Net income forecast to grow 31% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥39.16. Share price was steady at CN¥35.30 over the past week.Reported Earnings • Sep 01Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥2.64b (down 1.5% from 2Q 2023). Net income: CN¥247.1m (down 38% from 2Q 2023). Profit margin: 9.3% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year.공시 • Jun 29China Resources Microelectronics Limited to Report First Half, 2024 Results on Aug 30, 2024China Resources Microelectronics Limited announced that they will report first half, 2024 results on Aug 30, 2024Declared Dividend • Jun 14Dividend of CN¥0.11 announcedShareholders will receive a dividend of CN¥0.11. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%.Price Target Changed • May 02Price target decreased by 8.3% to CN¥50.09Down from CN¥54.62, the current price target is an average from 7 analysts. New target price is 37% above last closing price of CN¥36.49. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥1.12 last year.Major Estimate Revision • May 02Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.5b to CN¥10.2b. EPS estimate fell from CN¥1.37 to CN¥1.24 per share. Net income forecast to grow 32% next year vs 61% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥54.62 to CN¥50.09. Share price fell 2.4% to CN¥36.49 over the past week.Reported Earnings • Apr 27First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥2.12b (down 9.8% from 1Q 2023). Net income: CN¥33.2m (down 91% from 1Q 2023). Profit margin: 1.6% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 93%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.공시 • Apr 27China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: No. 88, Liangqing Road, Binhu District, Wuxi, Jiangsu China공시 • Mar 30China Resources Microelectronics Limited to Report Q1, 2024 Results on Apr 26, 2024China Resources Microelectronics Limited announced that they will report Q1, 2024 results on Apr 26, 2024Reported Earnings • Feb 29Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥1.98 in FY 2022)Full year 2023 results: EPS: CN¥1.12 (down from CN¥1.98 in FY 2022). Revenue: CN¥9.90b (down 1.6% from FY 2022). Net income: CN¥1.48b (down 43% from FY 2022). Profit margin: 15% (down from 26% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.53 in 3Q 2022). Revenue: CN¥2.50b (flat on 3Q 2022). Net income: CN¥278.3m (down 60% from 3Q 2022). Profit margin: 11% (down from 28% in 3Q 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.1b to CN¥10.1b. EPS estimate also fell from CN¥1.41 per share to CN¥1.03 per share. Net income forecast to shrink 13% next year vs 74% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥57.14. Share price was steady at CN¥53.15 over the past week.Major Estimate Revision • Sep 06Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.6b to CN¥11.5b. EPS estimate also fell from CN¥1.80 per share to CN¥1.45 per share. Net income forecast to grow 11% next year vs 70% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥58.40 to CN¥56.87. Share price fell 2.5% to CN¥56.85 over the past week.Reported Earnings • Aug 31Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.56 in 2Q 2022). Revenue: CN¥2.68b (up 2.0% from 2Q 2022). Net income: CN¥397.5m (down 46% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • May 05Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.6b to CN¥11.1b. EPS estimate also fell from CN¥1.86 per share to CN¥1.55 per share. Net income forecast to shrink 2.8% next year vs 72% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥60.17. Share price was steady at CN¥58.28 over the past week.Reported Earnings • Apr 29First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.47 in 1Q 2022). Revenue: CN¥2.35b (down 6.7% from 1Q 2022). Net income: CN¥380.4m (down 39% from 1Q 2022). Profit margin: 16% (down from 25% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CN¥1.98 (vs CN¥1.76 in FY 2021)Full year 2022 results: EPS: CN¥1.98 (up from CN¥1.76 in FY 2021). Revenue: CN¥10.1b (up 8.8% from FY 2021). Net income: CN¥2.62b (up 16% from FY 2021). Profit margin: 26% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 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 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last 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.Reported Earnings • Oct 27Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: CN¥0.53 (up from CN¥0.47 in 3Q 2021). Revenue: CN¥2.49b (flat on 3Q 2021). Net income: CN¥703.1m (up 14% from 3Q 2021). Profit margin: 28% (up from 25% in 3Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Reported Earnings • Aug 20Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: CN¥0.56 (up from CN¥0.52 in 2Q 2021). Revenue: CN¥2.63b (up 9.2% from 2Q 2021). Net income: CN¥734.6m (up 10.0% from 2Q 2021). Profit margin: 28% (in line with 2Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 24%, compared to a 49% growth forecast for the Semiconductor industry in China.Price Target Changed • Jun 24Price target decreased to CN¥67.50Down from CN¥72.95, the current price target is an average from 7 analysts. New target price is 18% above last closing price of CN¥57.32. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.90 for next year compared to CN¥1.76 last year.Board Change • Jun 04Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last 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.Price Target Changed • Apr 27Price target decreased to CN¥74.45Down from CN¥81.46, the current price target is an average from 8 analysts. New target price is 58% above last closing price of CN¥47.00. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥1.86 for next year compared to CN¥1.76 last year.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.33 in 1Q 2021). Revenue: CN¥2.51b (up 23% from 1Q 2021). Net income: CN¥619.4m (up 55% from 1Q 2021). Profit margin: 25% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 19%, compared to a 44% growth forecast for the industry in China.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.72 (up from CN¥0.84 in FY 2020). Revenue: CN¥9.23b (up 32% from FY 2020). Net income: CN¥2.21b (up 130% from FY 2020). Profit margin: 24% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 55% growth forecast for the industry in China.Price Target Changed • Jan 28Price target decreased to CN¥84.83Down from CN¥91.52, the current price target is an average from 9 analysts. New target price is 55% above last closing price of CN¥54.69. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥0.84 last year.Price Target Changed • Oct 29Price target decreased to CN¥92.68Down from CN¥102, the current price target is an average from 7 analysts. New target price is 50% above last closing price of CN¥61.78. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥0.84 last year.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.24 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.47b (up 35% from 3Q 2020). Net income: CN¥616.0m (up 117% from 3Q 2020). Profit margin: 25% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥71.61, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 54x in the Semiconductor industry in China. Total returns to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥96.49 per share.Price Target Changed • Aug 20Price target increased to CN¥106Up from CN¥96.40, the current price target is an average from 7 analysts. New target price is 21% above last closing price of CN¥87.30. Stock is up 71% over the past year.Price Target Changed • Jul 09Price target increased to CN¥90.20Up from CN¥81.50, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥87.80. Stock is up 56% over the past year.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥70.90, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.59 per share.Price Target Changed • May 20Price target increased to CN¥81.50Up from CN¥75.80, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CN¥60.26. Stock is up 44% over the past year.Reported Earnings • May 02Full year 2020 earnings released: EPS CN¥0.84 (vs CN¥0.46 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.98b (up 22% from FY 2019). Net income: CN¥963.7m (up 141% from FY 2019). Profit margin: 14% (up from 7.0% in FY 2019). The increase in margin was driven by higher revenue.Major Estimate Revision • May 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥8.31b to CN¥9.47b. EPS estimate unchanged from CN¥1.04 at last update. Semiconductor industry in China expected to see average net income growth of 50% next year. Consensus price target of CN¥75.80 unchanged from last update. Share price rose 2.6% to CN¥63.50 over the past week.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥58.02, the stock is trading at a trailing P/E ratio of 75.8x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 66x in the Semiconductor industry in China. Total returns to shareholders over the past year are 29%.Major Estimate Revision • Feb 26Analysts update estimatesThe 2021 consensus revenue estimate increased from CN¥8.14b to CN¥9.10b. Earning per share (EPS) estimate was unchanged from the last update at CN¥0.97. The Semiconductor industry in China is expected to see an average net income growth of 54% next year. The consensus price target of CN¥76.50 was unchanged from the last update. Share price is down by 1.7% to CN¥60.81 over the past week.공시 • Feb 12China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion.China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion on February 10, 2021. Under the terms, China Resources Microelectronics Limited will pay 50% price within 30 days of contract takes effect and remaining 50% will be paid within 5 days of completion. Among the acquisition funds, CNY 1.2 billion came from the China Resources Microelectronics Limited’s IPO over-raised funds and the exercise of the over-allotment option corresponding to the raised funds, plus self-owned funds of CNY 207.2 million. Transaction was reviewed and approved by Board of Directors and needs to be submitted to the shareholders meeting.Is New 90 Day High Low • Dec 01New 90-day high: CN¥61.50The company is up 28% from its price of CN¥48.07 on 02 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.64 per share.Valuation Update With 7 Day Price Move • Oct 26Market pulls back on stock over the past weekAfter last week's 15% share price decline to CN¥49.03, the stock is trading at a trailing P/E ratio of 75.4x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 75x in the Semiconductor industry in China.공시 • Oct 20China Resources Microelectronics Limited announced that it expects to receive CNY 5 billion in fundingChina Resources Microelectronics Limited (SHSE:688396) announced a private placement of not more than 135,102,799 A shares for gross proceeds of not more than CNY 5,000,000,000 on October 19, 2020. The transaction will include participation from not more than 35 specific investors. The transaction has been approved at the 16th meeting of the 1st directorate of the company and is subject to approval at the shareholder's meeting, Shanghai Stock Exchange and from China Securities Regulatory Commission. The shareholders' approval will be valid for 12 months from the date of approval at the shareholders' meeting. The shares issued in the transaction shall not be listed for trading within six months from the end of the issuance.공시 • Oct 19China Resources Microelectronics Limited to Report Q3, 2020 Results on Oct 20, 2020China Resources Microelectronics Limited announced that they will report Q3, 2020 results on Oct 20, 2020Is New 90 Day High Low • Oct 13New 90-day high: CN¥59.00The company is up 6.0% from its price of CN¥55.82 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.70 per share.공시 • Aug 19+ 1 more updateRunke (Shanghai) Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 6.5% stake in Xipan Microelectronics (Chongqing) Co., Ltd. from China Resources Microelectronics Limited (SHSE:688396) for $2 million.Runke (Shanghai) Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 6.5% stake in Xipan Microelectronics (Chongqing) Co., Ltd. from China Resources Microelectronics Limited (SHSE:688396) for $2 million on August 14, 2020. On December 31, 2019, Xipan Microelectronics (Chongqing) reported total assets of $261.427 million, Net assets of CNY 142.15 million, operating revenue of CNY 0. The transaction is approved at the 14th meeting of the first board of directors of China Resources Microelectronics Limited.이익 및 매출 성장 예측SHSE:688396 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202818,4702,436N/A4,182412/31/202714,6911,7925753,166812/31/202613,0041,2642492,66553/31/202611,5569078662,441N/A12/31/202511,0546615772,085N/A9/30/202510,7167898972,284N/A6/30/202510,5768217632,094N/A3/31/202510,3578126982,022N/A12/31/202410,1197624672,036N/A9/30/20249,842922131,579N/A6/30/20249,631982-1,3571,609N/A3/31/20249,6701,132-2,7521,528N/A12/31/20239,9011,479-3,4671,738N/A9/30/20239,9581,616-3,5531,955N/A6/30/20239,9442,041-2,3442,178N/A3/31/20239,8922,378-7052,519N/A12/31/202210,0602,6179233,058N/A9/30/20229,9532,6411,5103,359N/A6/30/20229,9402,5552,3653,766N/A3/31/20229,7182,4872,3223,738N/A12/31/20219,2492,2682,1893,454N/A9/30/20219,0161,9612,3243,272N/A6/30/20218,3691,6281,8802,672N/A3/31/20217,6401,2501,7402,311N/A12/31/20206,9779641,2591,832N/A9/30/20206,5008188181,371N/A6/30/20206,1666393781,012N/A3/31/20205,939499195802N/A12/31/20195,743401N/A576N/A12/31/20186,271429N/A1,482N/A12/31/20175,87670N/A1,667N/A12/31/20164,397-303N/A1,103N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688396 의 연간 예상 수익 증가율(33.9%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 688396 의 연간 수익(33.9%)이 CN 시장(27%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 688396 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 688396 의 수익(연간 15.9%)이 CN 시장(연간 16%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 688396 의 수익(연간 15.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688396의 자본 수익률은 3년 후 7.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 07:08종가2026/05/21 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 소스China Resources Microelectronics Limited는 15명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kevin ChenCitigroup IncKai LiuEverbright Securities Co. Ltd.Allen ChangGoldman Sachs12명의 분석가 더 보기
Price Target Changed • Apr 27Price target increased by 7.7% to CN¥53.05Up from CN¥49.26, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥55.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.50 last year.
Price Target Changed • Sep 02Price target increased by 7.5% to CN¥48.25Up from CN¥44.88, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥50.22. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.58 last year.
Major Estimate Revision • Sep 02Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.815 to CN¥0.717 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 31% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥48.25. Share price fell 2.6% to CN¥50.22 over the past week.
Major Estimate Revision • May 23Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.763 to CN¥0.853. Revenue forecast steady at CN¥11.4b. Net income forecast to grow 48% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥43.18 unchanged from last update. Share price fell 3.9% to CN¥46.12 over the past week.
Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.5b. EPS estimate fell from CN¥1.16 to CN¥0.993 per share. Net income forecast to grow 43% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥43.07. Share price was steady at CN¥46.89 over the past week.
Major Estimate Revision • Mar 13Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.4b. EPS estimate fell from CN¥1.32 to CN¥1.18 per share. Net income forecast to grow 101% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥44.90. Share price fell 5.0% to CN¥47.10 over the past week.
Price Target Changed • Apr 27Price target increased by 7.7% to CN¥53.05Up from CN¥49.26, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥55.16. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.50 last year.
Reported Earnings • Apr 25First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.063 in 1Q 2025). Revenue: CN¥2.86b (up 21% from 1Q 2025). Net income: CN¥330.0m (up 297% from 1Q 2025). Profit margin: 12% (up from 3.5% in 1Q 2025). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
공시 • Apr 25China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026China Resources Microelectronics Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China
공시 • Mar 30China Resources Microelectronics Limited to Report Q1, 2026 Results on Apr 25, 2026China Resources Microelectronics Limited announced that they will report Q1, 2026 results on Apr 25, 2026
Reported Earnings • Feb 28Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.50 (down from CN¥0.58 in FY 2024). Revenue: CN¥11.1b (up 9.2% from FY 2024). Net income: CN¥661.4m (down 13% from FY 2024). Profit margin: 6.0% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 12% 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 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Jan 07New 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 7.1% 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 (7.1% average weekly change). Large one-off items impacting financial results.
공시 • Dec 26China Resources Microelectronics Limited to Report Fiscal Year 2025 Results on Apr 25, 2026China Resources Microelectronics Limited announced that they will report fiscal year 2025 results on Apr 25, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥2.85b (up 5.1% from 3Q 2024). Net income: CN¥186.7m (down 15% from 3Q 2024). Profit margin: 6.5% (down from 8.1% in 3Q 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 12% 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 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Sep 30China Resources Microelectronics Limited to Report Q3, 2025 Results on Oct 31, 2025China Resources Microelectronics Limited announced that they will report Q3, 2025 results on Oct 31, 2025
Price Target Changed • Sep 02Price target increased by 7.5% to CN¥48.25Up from CN¥44.88, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥50.22. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.58 last year.
Major Estimate Revision • Sep 02Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.815 to CN¥0.717 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 31% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥48.25. Share price fell 2.6% to CN¥50.22 over the past week.
공시 • Jun 30China Resources Microelectronics Limited to Report First Half, 2025 Results on Aug 29, 2025China Resources Microelectronics Limited announced that they will report first half, 2025 results on Aug 29, 2025
공시 • Jun 24China Resources Microelectronics Limited(SHSE:688396) dropped from Shanghai Stock Exchange 180 Value IndexChina Resources Microelectronics Limited removed from Shanghai Stock Exchange 180 Value Index
Declared Dividend • Jun 09Dividend of CN¥0.058 announcedShareholders will receive a dividend of CN¥0.058. Ex-date: 12th June 2025 Payment date: 12th June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 11%.
Major Estimate Revision • May 23Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.763 to CN¥0.853. Revenue forecast steady at CN¥11.4b. Net income forecast to grow 48% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target of CN¥43.18 unchanged from last update. Share price fell 3.9% to CN¥46.12 over the past week.
Major Estimate Revision • May 06Consensus EPS estimates fall by 15%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.5b. EPS estimate fell from CN¥1.16 to CN¥0.993 per share. Net income forecast to grow 43% next year vs 58% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥43.07. Share price was steady at CN¥46.89 over the past week.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: CN¥0.063 (up from CN¥0.025 in 1Q 2024). Revenue: CN¥2.35b (up 11% from 1Q 2024). Net income: CN¥83.2m (up 151% from 1Q 2024). Profit margin: 3.5% (up from 1.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 12% 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 only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Apr 30China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025China Resources Microelectronics Limited, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: No. 288, Yunhe West Road, Binhu District, Wuxi, Jiangsu China
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥46.27, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 37x in the Semiconductor industry in China. Total loss to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.32 per share.
공시 • Mar 28China Resources Microelectronics Limited to Report Q1, 2025 Results on Apr 30, 2025China Resources Microelectronics Limited announced that they will report Q1, 2025 results on Apr 30, 2025
Major Estimate Revision • Mar 13Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥11.2b to CN¥11.4b. EPS estimate fell from CN¥1.32 to CN¥1.18 per share. Net income forecast to grow 101% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥44.90. Share price fell 5.0% to CN¥47.10 over the past week.
Reported Earnings • Feb 28Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.59 (down from CN¥1.12 in FY 2023). Revenue: CN¥10.1b (up 2.2% from FY 2023). Net income: CN¥775.8m (down 48% from FY 2023). Profit margin: 7.7% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 13% 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 37% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공시 • Dec 27China Resources Microelectronics Limited to Report Fiscal Year 2024 Results on Apr 30, 2025China Resources Microelectronics Limited announced that they will report fiscal year 2024 results on Apr 30, 2025
Price Target Changed • Nov 03Price target increased by 11% to CN¥43.37Up from CN¥39.01, the current price target is an average from 7 analysts. New target price is 12% below last closing price of CN¥49.31. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥1.12 last year.
Reported Earnings • Oct 31Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥2.71b (up 8.4% from 3Q 2023). Net income: CN¥219.0m (down 21% from 3Q 2023). Profit margin: 8.1% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥47.50, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 28% over the past three years.
공시 • Sep 30China Resources Microelectronics Limited to Report Q3, 2024 Results on Oct 31, 2024China Resources Microelectronics Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥39.82, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.30 per share.
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥10.2b to CN¥10.6b. EPS estimate fell from CN¥0.92 to CN¥0.805 per share. Net income forecast to grow 31% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥39.16. Share price was steady at CN¥35.30 over the past week.
Reported Earnings • Sep 01Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥2.64b (down 1.5% from 2Q 2023). Net income: CN¥247.1m (down 38% from 2Q 2023). Profit margin: 9.3% (down from 15% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year.
공시 • Jun 29China Resources Microelectronics Limited to Report First Half, 2024 Results on Aug 30, 2024China Resources Microelectronics Limited announced that they will report first half, 2024 results on Aug 30, 2024
Declared Dividend • Jun 14Dividend of CN¥0.11 announcedShareholders will receive a dividend of CN¥0.11. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%.
Price Target Changed • May 02Price target decreased by 8.3% to CN¥50.09Down from CN¥54.62, the current price target is an average from 7 analysts. New target price is 37% above last closing price of CN¥36.49. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥1.12 last year.
Major Estimate Revision • May 02Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥11.5b to CN¥10.2b. EPS estimate fell from CN¥1.37 to CN¥1.24 per share. Net income forecast to grow 32% next year vs 61% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥54.62 to CN¥50.09. Share price fell 2.4% to CN¥36.49 over the past week.
Reported Earnings • Apr 27First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥2.12b (down 9.8% from 1Q 2023). Net income: CN¥33.2m (down 91% from 1Q 2023). Profit margin: 1.6% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 93%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
공시 • Apr 27China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024China Resources Microelectronics Limited, Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: No. 88, Liangqing Road, Binhu District, Wuxi, Jiangsu China
공시 • Mar 30China Resources Microelectronics Limited to Report Q1, 2024 Results on Apr 26, 2024China Resources Microelectronics Limited announced that they will report Q1, 2024 results on Apr 26, 2024
Reported Earnings • Feb 29Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥1.98 in FY 2022)Full year 2023 results: EPS: CN¥1.12 (down from CN¥1.98 in FY 2022). Revenue: CN¥9.90b (down 1.6% from FY 2022). Net income: CN¥1.48b (down 43% from FY 2022). Profit margin: 15% (down from 26% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.53 in 3Q 2022). Revenue: CN¥2.50b (flat on 3Q 2022). Net income: CN¥278.3m (down 60% from 3Q 2022). Profit margin: 11% (down from 28% in 3Q 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.1b to CN¥10.1b. EPS estimate also fell from CN¥1.41 per share to CN¥1.03 per share. Net income forecast to shrink 13% next year vs 74% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥57.14. Share price was steady at CN¥53.15 over the past week.
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.6b to CN¥11.5b. EPS estimate also fell from CN¥1.80 per share to CN¥1.45 per share. Net income forecast to grow 11% next year vs 70% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥58.40 to CN¥56.87. Share price fell 2.5% to CN¥56.85 over the past week.
Reported Earnings • Aug 31Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.56 in 2Q 2022). Revenue: CN¥2.68b (up 2.0% from 2Q 2022). Net income: CN¥397.5m (down 46% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • May 05Consensus EPS estimates fall by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.6b to CN¥11.1b. EPS estimate also fell from CN¥1.86 per share to CN¥1.55 per share. Net income forecast to shrink 2.8% next year vs 72% growth forecast for Semiconductor industry in China . Consensus price target broadly unchanged at CN¥60.17. Share price was steady at CN¥58.28 over the past week.
Reported Earnings • Apr 29First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.47 in 1Q 2022). Revenue: CN¥2.35b (down 6.7% from 1Q 2022). Net income: CN¥380.4m (down 39% from 1Q 2022). Profit margin: 16% (down from 25% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CN¥1.98 (vs CN¥1.76 in FY 2021)Full year 2022 results: EPS: CN¥1.98 (up from CN¥1.76 in FY 2021). Revenue: CN¥10.1b (up 8.8% from FY 2021). Net income: CN¥2.62b (up 16% from FY 2021). Profit margin: 26% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 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 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last 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.
Reported Earnings • Oct 27Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: CN¥0.53 (up from CN¥0.47 in 3Q 2021). Revenue: CN¥2.49b (flat on 3Q 2021). Net income: CN¥703.1m (up 14% from 3Q 2021). Profit margin: 28% (up from 25% in 3Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Reported Earnings • Aug 20Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: CN¥0.56 (up from CN¥0.52 in 2Q 2021). Revenue: CN¥2.63b (up 9.2% from 2Q 2021). Net income: CN¥734.6m (up 10.0% from 2Q 2021). Profit margin: 28% (in line with 2Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 24%, compared to a 49% growth forecast for the Semiconductor industry in China.
Price Target Changed • Jun 24Price target decreased to CN¥67.50Down from CN¥72.95, the current price target is an average from 7 analysts. New target price is 18% above last closing price of CN¥57.32. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.90 for next year compared to CN¥1.76 last year.
Board Change • Jun 04Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. CFO, Board Secretary & Director Guoyi Wu was the last 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.
Price Target Changed • Apr 27Price target decreased to CN¥74.45Down from CN¥81.46, the current price target is an average from 8 analysts. New target price is 58% above last closing price of CN¥47.00. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥1.86 for next year compared to CN¥1.76 last year.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.33 in 1Q 2021). Revenue: CN¥2.51b (up 23% from 1Q 2021). Net income: CN¥619.4m (up 55% from 1Q 2021). Profit margin: 25% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 19%, compared to a 44% growth forecast for the industry in China.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥1.72 (up from CN¥0.84 in FY 2020). Revenue: CN¥9.23b (up 32% from FY 2020). Net income: CN¥2.21b (up 130% from FY 2020). Profit margin: 24% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 20%, compared to a 55% growth forecast for the industry in China.
Price Target Changed • Jan 28Price target decreased to CN¥84.83Down from CN¥91.52, the current price target is an average from 9 analysts. New target price is 55% above last closing price of CN¥54.69. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥0.84 last year.
Price Target Changed • Oct 29Price target decreased to CN¥92.68Down from CN¥102, the current price target is an average from 7 analysts. New target price is 50% above last closing price of CN¥61.78. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥0.84 last year.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.24 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.47b (up 35% from 3Q 2020). Net income: CN¥616.0m (up 117% from 3Q 2020). Profit margin: 25% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥71.61, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 54x in the Semiconductor industry in China. Total returns to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥96.49 per share.
Price Target Changed • Aug 20Price target increased to CN¥106Up from CN¥96.40, the current price target is an average from 7 analysts. New target price is 21% above last closing price of CN¥87.30. Stock is up 71% over the past year.
Price Target Changed • Jul 09Price target increased to CN¥90.20Up from CN¥81.50, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥87.80. Stock is up 56% over the past year.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥70.90, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.59 per share.
Price Target Changed • May 20Price target increased to CN¥81.50Up from CN¥75.80, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CN¥60.26. Stock is up 44% over the past year.
Reported Earnings • May 02Full year 2020 earnings released: EPS CN¥0.84 (vs CN¥0.46 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.98b (up 22% from FY 2019). Net income: CN¥963.7m (up 141% from FY 2019). Profit margin: 14% (up from 7.0% in FY 2019). The increase in margin was driven by higher revenue.
Major Estimate Revision • May 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥8.31b to CN¥9.47b. EPS estimate unchanged from CN¥1.04 at last update. Semiconductor industry in China expected to see average net income growth of 50% next year. Consensus price target of CN¥75.80 unchanged from last update. Share price rose 2.6% to CN¥63.50 over the past week.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥58.02, the stock is trading at a trailing P/E ratio of 75.8x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 66x in the Semiconductor industry in China. Total returns to shareholders over the past year are 29%.
Major Estimate Revision • Feb 26Analysts update estimatesThe 2021 consensus revenue estimate increased from CN¥8.14b to CN¥9.10b. Earning per share (EPS) estimate was unchanged from the last update at CN¥0.97. The Semiconductor industry in China is expected to see an average net income growth of 54% next year. The consensus price target of CN¥76.50 was unchanged from the last update. Share price is down by 1.7% to CN¥60.81 over the past week.
공시 • Feb 12China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion.China Resources Microelectronics Limited (SHSE:688396) intends to acquire remaining 47.31% stake in China Resources Microelectronics (Chongqing) Limited from Chongqing Xiyong Micro-Electronics Industrial Park for CNY 1.4 billion on February 10, 2021. Under the terms, China Resources Microelectronics Limited will pay 50% price within 30 days of contract takes effect and remaining 50% will be paid within 5 days of completion. Among the acquisition funds, CNY 1.2 billion came from the China Resources Microelectronics Limited’s IPO over-raised funds and the exercise of the over-allotment option corresponding to the raised funds, plus self-owned funds of CNY 207.2 million. Transaction was reviewed and approved by Board of Directors and needs to be submitted to the shareholders meeting.
Is New 90 Day High Low • Dec 01New 90-day high: CN¥61.50The company is up 28% from its price of CN¥48.07 on 02 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.64 per share.
Valuation Update With 7 Day Price Move • Oct 26Market pulls back on stock over the past weekAfter last week's 15% share price decline to CN¥49.03, the stock is trading at a trailing P/E ratio of 75.4x, down from the previous P/E ratio of 89.2x. This compares to an average P/E of 75x in the Semiconductor industry in China.
공시 • Oct 20China Resources Microelectronics Limited announced that it expects to receive CNY 5 billion in fundingChina Resources Microelectronics Limited (SHSE:688396) announced a private placement of not more than 135,102,799 A shares for gross proceeds of not more than CNY 5,000,000,000 on October 19, 2020. The transaction will include participation from not more than 35 specific investors. The transaction has been approved at the 16th meeting of the 1st directorate of the company and is subject to approval at the shareholder's meeting, Shanghai Stock Exchange and from China Securities Regulatory Commission. The shareholders' approval will be valid for 12 months from the date of approval at the shareholders' meeting. The shares issued in the transaction shall not be listed for trading within six months from the end of the issuance.
공시 • Oct 19China Resources Microelectronics Limited to Report Q3, 2020 Results on Oct 20, 2020China Resources Microelectronics Limited announced that they will report Q3, 2020 results on Oct 20, 2020
Is New 90 Day High Low • Oct 13New 90-day high: CN¥59.00The company is up 6.0% from its price of CN¥55.82 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.70 per share.
공시 • Aug 19+ 1 more updateRunke (Shanghai) Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 6.5% stake in Xipan Microelectronics (Chongqing) Co., Ltd. from China Resources Microelectronics Limited (SHSE:688396) for $2 million.Runke (Shanghai) Equity Investment Fund Partnership (Limited Partnership) agreed to acquire 6.5% stake in Xipan Microelectronics (Chongqing) Co., Ltd. from China Resources Microelectronics Limited (SHSE:688396) for $2 million on August 14, 2020. On December 31, 2019, Xipan Microelectronics (Chongqing) reported total assets of $261.427 million, Net assets of CNY 142.15 million, operating revenue of CNY 0. The transaction is approved at the 14th meeting of the first board of directors of China Resources Microelectronics Limited.