View ValuationGRINM Semiconductor Materials 향후 성장Future 기준 점검 1/6GRINM Semiconductor Materials (는) 각각 연간 18.7% 및 14.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 19.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 6.7% 로 예상됩니다.핵심 정보18.7%이익 성장률19.36%EPS 성장률Semiconductor 이익 성장47.4%매출 성장률14.1%향후 자기자본이익률6.67%애널리스트 커버리지Low마지막 업데이트31 Mar 2026최근 향후 성장 업데이트Major Estimate Revision • Aug 13Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.38b to CN¥1.14b. EPS estimate fell from CN¥0.29 to CN¥0.23 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥13.00 to CN¥11.00. Share price was steady at CN¥9.19 over the past week.모든 업데이트 보기Recent updates공시 • Jun 30GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2026 Results on Aug 14, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 14, 2026Declared Dividend • Jun 21Dividend of CN¥0.055 announcedShareholders will receive a dividend of CN¥0.055. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.04 (vs CN¥0.039 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.04 (up from CN¥0.039 in 1Q 2025). Revenue: CN¥313.9m (up 36% from 1Q 2025). Net income: CN¥50.2m (up 2.2% from 1Q 2025). Profit margin: 16% (down from 21% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 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 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공시 • Mar 30GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026공시 • Mar 26GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 28, 2026GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 28, 2026, at 14:00 China Standard Time. Location: No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing ChinaNew Risk • Feb 25New 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 7.5% 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 Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).New Risk • Feb 09New major risk - Revenue and earnings growthEarnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Dec 26GRINM Semiconductor Materials Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.036 (vs CN¥0.062 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.036 (down from CN¥0.062 in 3Q 2024). Revenue: CN¥255.7m (down 3.9% from 3Q 2024). Net income: CN¥50.1m (down 22% from 3Q 2024). Profit margin: 20% (down from 24% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China.공시 • Sep 30GRINM Semiconductor Materials Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.055 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.052 (down from CN¥0.055 in 2Q 2024). Revenue: CN¥260.1m (down 4.5% from 2Q 2024). Net income: CN¥57.0m (down 23% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.공시 • Jun 30GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2025 Results on Aug 14, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 14, 2025New Risk • Apr 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 7.8% 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 Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥9.75, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 66x in the Semiconductor industry in China. Total returns to shareholders of 1.9% over the past year.Reported Earnings • Apr 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.19 (down from CN¥0.20 in FY 2023). Revenue: CN¥995.9m (up 3.7% from FY 2023). Net income: CN¥232.9m (down 8.4% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 17%.공시 • Mar 31GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 25, 2025GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China공시 • Mar 28GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025공시 • Mar 06GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) signed a letter of intent to acquire 60% stake in Gaopin (Beijing) Technology Co., Ltd. from Xu Youzhi, Wang Xia and Wang Xiao.GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) signed a letter of intent to acquire 60% stake in Gaopin (Beijing) Technology Co., Ltd. from Xu Youzhi, Wang Xia and Wang Xiao on March 5, 2025. A cash consideration will be paid by GRINM Semiconductor Materials Co., Ltd. GRINM Semiconductor will use its internal resources or external financing to fund the acquisition. The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval of offer by acquirer board and consummation of due diligence investigation.공시 • Dec 27GRINM Semiconductor Materials Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025공시 • Nov 04GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) agreed to acquire 70% stake in DG Technologies, Inc. from RS Technologies Co., Ltd. (TSE:3445).GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) agreed to acquire 70% stake in DG Technologies, Inc. from RS Technologies Co., Ltd. (TSE:3445) on November 2, 2024. A cash consideration will be paid by GRINM Semiconductor Materials Co., Ltd.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.05 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.062 (up from CN¥0.05 in 3Q 2023). Revenue: CN¥265.9m (up 2.4% from 3Q 2023). Net income: CN¥64.2m (up 5.7% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.Board Change • Oct 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Sone Shika was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Sep 30GRINM Semiconductor Materials Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥11.62, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past year.Major Estimate Revision • Aug 13Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.38b to CN¥1.14b. EPS estimate fell from CN¥0.29 to CN¥0.23 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥13.00 to CN¥11.00. Share price was steady at CN¥9.19 over the past week.공시 • Jun 29GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024공시 • May 08GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, May 27, 2024GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, May 27, 2024, at 14:00 China Standard Time. Location: No. 57, Beisanhuan Middle Road, Haidian District , Beijing ChinaReported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2023). Revenue: CN¥234.7m (down 9.1% from 1Q 2023). Net income: CN¥56.4m (down 27% from 1Q 2023). Profit margin: 24% (down from 30% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.공시 • Mar 29GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024공시 • Feb 22GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) announces an Equity Buyback for CNY 60 million worth of its shares.GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 15.53 per share. The purpose of the program is using it for the ESOP or equity incentives and maintaining company value and shareholders’ equity. The repurchase period will be not more than 12 months.Reported Earnings • Feb 09Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.20 (down from CN¥0.32 in FY 2022). Revenue: CN¥960.4m (down 18% from FY 2022). Net income: CN¥254.2m (down 28% from FY 2022). Profit margin: 27% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥8.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past year.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.10 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥259.7m (down 16% from 3Q 2022). Net income: CN¥60.7m (down 42% from 3Q 2022). Profit margin: 23% (down from 34% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China.New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% 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 10Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥272.5m (down 18% from 2Q 2022). Net income: CN¥84.2m (down 31% from 2Q 2022). Profit margin: 31% (down from 37% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.공시 • Jun 28GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥16.68, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 62x in the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.79, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 69x in the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥15.75, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 54x in the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥13.52, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 51x in the Semiconductor industry in China.이익 및 매출 성장 예측SHSE:688432 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,581358N/A540112/31/20271,480327N/A453112/31/20261,276268N/A39313/31/20261,053209139302N/A12/31/20251,005209130274N/A9/30/20251,005196134289N/A6/30/20251,015210117304N/A3/31/20251,02722760275N/A12/31/202499623311229N/A9/30/2024943227-19168N/A6/30/202493722382214N/A3/31/2024937233130240N/A12/31/2023960254160267N/A9/30/20231,041286219361N/A6/30/20231,091330231352N/A3/31/20231,152368238393N/A12/31/20221,175351254430N/A9/30/20221,205353163415N/A6/30/20221,130333188412N/A3/31/2022973209100355N/A12/31/202186914815323N/A12/31/2020557114-263241N/A12/31/2019625125N/A294N/A12/31/2018696148N/A55N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688432 의 연간 예상 수익 증가율(18.7%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 688432 의 연간 수익(18.7%)이 CN 시장(27.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 688432 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 688432 의 수익(연간 14.1%)이 CN 시장(연간 16.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 688432 의 수익(연간 14.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688432의 자본 수익률은 3년 후 6.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/05 00:05종가2026/07/03 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스GRINM Semiconductor Materials Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chao LiCitic Securities Co., Ltd.
Major Estimate Revision • Aug 13Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.38b to CN¥1.14b. EPS estimate fell from CN¥0.29 to CN¥0.23 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥13.00 to CN¥11.00. Share price was steady at CN¥9.19 over the past week.
공시 • Jun 30GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2026 Results on Aug 14, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2026 results on Aug 14, 2026
Declared Dividend • Jun 21Dividend of CN¥0.055 announcedShareholders will receive a dividend of CN¥0.055. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. Sustainability & Growth The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments.
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.04 (vs CN¥0.039 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.04 (up from CN¥0.039 in 1Q 2025). Revenue: CN¥313.9m (up 36% from 1Q 2025). Net income: CN¥50.2m (up 2.2% from 1Q 2025). Profit margin: 16% (down from 21% in 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 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 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공시 • Mar 30GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
공시 • Mar 26GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 28, 2026GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 28, 2026, at 14:00 China Standard Time. Location: No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China
New Risk • Feb 25New 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 7.5% 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 Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change).
New Risk • Feb 09New major risk - Revenue and earnings growthEarnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Dec 26GRINM Semiconductor Materials Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026GRINM Semiconductor Materials Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.036 (vs CN¥0.062 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.036 (down from CN¥0.062 in 3Q 2024). Revenue: CN¥255.7m (down 3.9% from 3Q 2024). Net income: CN¥50.1m (down 22% from 3Q 2024). Profit margin: 20% (down from 24% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China.
공시 • Sep 30GRINM Semiconductor Materials Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.055 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.052 (down from CN¥0.055 in 2Q 2024). Revenue: CN¥260.1m (down 4.5% from 2Q 2024). Net income: CN¥57.0m (down 23% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
공시 • Jun 30GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2025 Results on Aug 14, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2025 results on Aug 14, 2025
New Risk • Apr 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 7.8% 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 Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥9.75, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 66x in the Semiconductor industry in China. Total returns to shareholders of 1.9% over the past year.
Reported Earnings • Apr 02Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.19 (down from CN¥0.20 in FY 2023). Revenue: CN¥995.9m (up 3.7% from FY 2023). Net income: CN¥232.9m (down 8.4% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 17%.
공시 • Mar 31GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 25, 2025GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: No. 2, Xinjiekouwai Avenue, Xicheng District, Beijing China
공시 • Mar 28GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025
공시 • Mar 06GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) signed a letter of intent to acquire 60% stake in Gaopin (Beijing) Technology Co., Ltd. from Xu Youzhi, Wang Xia and Wang Xiao.GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) signed a letter of intent to acquire 60% stake in Gaopin (Beijing) Technology Co., Ltd. from Xu Youzhi, Wang Xia and Wang Xiao on March 5, 2025. A cash consideration will be paid by GRINM Semiconductor Materials Co., Ltd. GRINM Semiconductor will use its internal resources or external financing to fund the acquisition. The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, approval of offer by acquirer board and consummation of due diligence investigation.
공시 • Dec 27GRINM Semiconductor Materials Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025GRINM Semiconductor Materials Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025
공시 • Nov 04GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) agreed to acquire 70% stake in DG Technologies, Inc. from RS Technologies Co., Ltd. (TSE:3445).GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) agreed to acquire 70% stake in DG Technologies, Inc. from RS Technologies Co., Ltd. (TSE:3445) on November 2, 2024. A cash consideration will be paid by GRINM Semiconductor Materials Co., Ltd.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.05 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.062 (up from CN¥0.05 in 3Q 2023). Revenue: CN¥265.9m (up 2.4% from 3Q 2023). Net income: CN¥64.2m (up 5.7% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
Board Change • Oct 18Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Sone Shika was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Sep 30GRINM Semiconductor Materials Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥11.62, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past year.
Major Estimate Revision • Aug 13Consensus revenue estimates fall by 17%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.38b to CN¥1.14b. EPS estimate fell from CN¥0.29 to CN¥0.23 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥13.00 to CN¥11.00. Share price was steady at CN¥9.19 over the past week.
공시 • Jun 29GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024
공시 • May 08GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, May 27, 2024GRINM Semiconductor Materials Co., Ltd., Annual General Meeting, May 27, 2024, at 14:00 China Standard Time. Location: No. 57, Beisanhuan Middle Road, Haidian District , Beijing China
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2023). Revenue: CN¥234.7m (down 9.1% from 1Q 2023). Net income: CN¥56.4m (down 27% from 1Q 2023). Profit margin: 24% (down from 30% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China.
공시 • Mar 29GRINM Semiconductor Materials Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024GRINM Semiconductor Materials Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
공시 • Feb 22GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) announces an Equity Buyback for CNY 60 million worth of its shares.GRINM Semiconductor Materials Co., Ltd. (SHSE:688432) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 15.53 per share. The purpose of the program is using it for the ESOP or equity incentives and maintaining company value and shareholders’ equity. The repurchase period will be not more than 12 months.
Reported Earnings • Feb 09Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.20 (down from CN¥0.32 in FY 2022). Revenue: CN¥960.4m (down 18% from FY 2022). Net income: CN¥254.2m (down 28% from FY 2022). Profit margin: 27% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥8.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past year.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.10 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥259.7m (down 16% from 3Q 2022). Net income: CN¥60.7m (down 42% from 3Q 2022). Profit margin: 23% (down from 34% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China.
New Risk • Aug 15New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% 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 10Second quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥272.5m (down 18% from 2Q 2022). Net income: CN¥84.2m (down 31% from 2Q 2022). Profit margin: 31% (down from 37% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China.
공시 • Jun 28GRINM Semiconductor Materials Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023GRINM Semiconductor Materials Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥16.68, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 62x in the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥20.79, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 69x in the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥15.75, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 54x in the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥13.52, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 51x in the Semiconductor industry in China.