View ValuationShanghai Fullhan Microelectronics 향후 성장Future 기준 점검 5/6Shanghai Fullhan Microelectronics (는) 각각 연간 33.2% 및 24.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 32.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.2% 로 예상됩니다.핵심 정보33.2%이익 성장률32.61%EPS 성장률Semiconductor 이익 성장42.6%매출 성장률24.4%향후 자기자본이익률13.22%애널리스트 커버리지Low마지막 업데이트23 Jul 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.53b to CN¥2.05b. EPS estimate fell from CN¥2.07 to CN¥1.42 per share. Net income forecast to grow 30% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥71.00 to CN¥43.00. Share price fell 3.6% to CN¥31.72 over the past week.Price Target Changed • May 18Price target decreased by 60% to CN¥55.00Down from CN¥137, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥56.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥2.39 for next year compared to CN¥1.74 last year.Price Target Changed • Nov 16Price target decreased to CN¥73.10Down from CN¥137, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CN¥59.29. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥2.28 for next year compared to CN¥1.59 last year.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥70.30, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥59.96, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 133x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.공고 • Jun 30Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥68.42, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 116x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years.공고 • May 30Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2025 (A Shares), Payable on 02 June 2026Shanghai Fullhan Microelectronics Co., Ltd. approved 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.80000000 for the year 2025. Record date: 01 June 2026; Ex-date: 02 June 2026; Payment date: 02 June 2026.Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥59.05, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 93x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% 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 10% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).New Risk • Apr 03New major risk - Revenue and earnings growthEarnings have declined by 5.8% 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 5.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (8.6% net profit margin).Reported Earnings • Apr 03Full year 2025 earnings released: EPS: CN¥0.63 (vs CN¥1.12 in FY 2024)Full year 2025 results: EPS: CN¥0.63 (down from CN¥1.12 in FY 2024). Revenue: CN¥1.69b (down 5.6% from FY 2024). Net income: CN¥145.0m (down 44% from FY 2024). Profit margin: 8.6% (down from 14% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공고 • Apr 03Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, Apr 27, 2026Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, Apr 27, 2026, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai China공고 • Mar 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026공고 • Dec 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026New Risk • Oct 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.5% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.5% net profit margin).Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.35 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.26 (down from CN¥0.35 in 3Q 2024). Revenue: CN¥452.5m (down 9.8% from 3Q 2024). Net income: CN¥59.0m (down 27% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to grow 17% 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 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.30 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.039 (down from CN¥0.30 in 2Q 2024). Revenue: CN¥369.5m (down 17% from 2Q 2024). Net income: CN¥8.38m (down 88% from 2Q 2024). Profit margin: 2.3% (down from 16% in 2Q 2024). Revenue is forecast to grow 15% 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 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Jul 02Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025Declared Dividend • Jun 16Dividend of CN¥0.12 announcedDividend of CN¥0.12 is the same as last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next year, which should provide support to the dividend and adequate earnings cover.공고 • May 29Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2024Shanghai Fullhan Microelectronics Co., Ltd. at its AGM held on 26 May 2025, approved Cash dividend/10 shares (tax included): CNY 1.20000000 for the year 2024.공고 • Apr 24Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 26, 2025Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 26, 2025, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai ChinaNew Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Large one-off items impacting financial results.공고 • Apr 15Shanghai Fullhan Microelectronics Co., Ltd. Proposes Final Dividend for the Year 2024Shanghai Fullhan Microelectronics Co., Ltd. proposed final cash dividend of CNY 1.20000000 per 10 shares (tax included) for the year 2024.Reported Earnings • Apr 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥1.12 (up from CN¥1.10 in FY 2023). Revenue: CN¥1.79b (down 1.8% from FY 2023). Net income: CN¥257.6m (up 2.0% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 24% 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.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥43.83, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past three years.공고 • Mar 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025분석 기사 • Feb 24Here's Why Shanghai Fullhan Microelectronics (SZSE:300613) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥72.93, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 23% over the past three years.New Risk • Feb 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results.분석 기사 • Feb 05What Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) 26% Share Price Gain Is Not Telling YouThe Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) share price has done very well over the last month...Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.37, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 31% over the past three years.공고 • Dec 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥65.46, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Semiconductor industry in China. Total loss to shareholders of 23% over the past three years.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥54.40, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 32% over the past three years.분석 기사 • Nov 22The Return Trends At Shanghai Fullhan Microelectronics (SZSE:300613) Look PromisingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥55.99, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 30% over the past three years.분석 기사 • Nov 04Shanghai Fullhan Microelectronics' (SZSE:300613) Earnings Are Of Questionable QualityShanghai Fullhan Microelectronics Co., Ltd.'s ( SZSE:300613 ) robust earnings report didn't manage to move the market...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.22 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥501.8m (up 7.7% from 3Q 2023). Net income: CN¥80.5m (up 57% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 20% per year whereas the company’s share price has fallen by 16% per year.분석 기사 • Oct 15Is Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) Potentially Undervalued?Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ), is not the largest company out there, but it saw a...분석 기사 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) 27% Jump Shows Its Popularity With InvestorsDespite an already strong run, Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) shares have been powering...New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Large one-off items impacting financial results.공고 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Buy Or Sell Opportunity • Sep 30Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 34% to CN¥42.90. The fair value is estimated to be CN¥33.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 80% in the next 2 years.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥36.49, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 60% over the past three years.Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.30 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥442.6m (down 5.4% from 2Q 2023). Net income: CN¥69.0m (down 1.4% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.분석 기사 • Aug 15Is Shanghai Fullhan Microelectronics (SZSE:300613) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥41.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.81 per share.분석 기사 • Jul 30Pinning Down Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) P/E Is Difficult Right NowWith a price-to-earnings (or "P/E") ratio of 39.3x Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) may be...New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Jul 23Now 23% undervaluedOver the last 90 days, the stock has risen 7.7% to CN¥34.31. The fair value is estimated to be CN¥44.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.공고 • Jun 29Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024분석 기사 • Jun 15The Return Trends At Shanghai Fullhan Microelectronics (SZSE:300613) Look PromisingWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥34.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 31x in the Semiconductor industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.22 per share.Buy Or Sell Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.6% to CN¥34.46. The fair value is estimated to be CN¥43.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.분석 기사 • May 30A Look At The Intrinsic Value Of Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613)Key Insights Shanghai Fullhan Microelectronics' estimated fair value is CN¥43.13 based on 2 Stage Free Cash Flow to...분석 기사 • Apr 26Analyst Forecasts Just Got A Lot More Bearish On Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613)Today is shaping up negative for Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) shareholders, with the...분석 기사 • Apr 23Shanghai Fullhan Microelectronics' (SZSE:300613) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) last week didn't...Major Estimate Revision • Apr 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.53b to CN¥2.05b. EPS estimate fell from CN¥2.07 to CN¥1.42 per share. Net income forecast to grow 30% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥71.00 to CN¥43.00. Share price fell 3.6% to CN¥31.72 over the past week.공고 • Apr 16Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 17, 2024Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; and to transact such other business matters.Reported Earnings • Apr 16Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.10 (down from CN¥1.74 in FY 2022). Revenue: CN¥1.82b (down 14% from FY 2022). Net income: CN¥252.5m (down 37% from FY 2022). Profit margin: 14% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 23% 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 17% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공고 • Mar 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024공고 • Mar 09Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) announces an Equity Buyback for CNY 100 million worth of its shares.Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 49 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.분석 기사 • Mar 01Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 36x Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) may be...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥30.34, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years.공고 • Dec 29Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 15, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 15, 2024New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.46 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥465.8m (down 17% from 3Q 2022). Net income: CN¥51.3m (down 51% from 3Q 2022). Profit margin: 11% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.61 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.61 in 2Q 2022). Revenue: CN¥467.8m (down 28% from 2Q 2022). Net income: CN¥70.0m (down 50% from 2Q 2022). Profit margin: 15% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% 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 increased by 46% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공고 • Jul 01Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023New Risk • Jun 09New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공고 • May 27Shanghai Fullhan Microelectronics Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 02 June 2023Shanghai Fullhan Microelectronics Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.80000000. Record date: 01 June 2023, Ex-date: 02 June 2023 Payment date: 02 June 2023 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY0.18000000(10% x CNY1.80000000) Net cash dividend/10 shares after tax: CNY1.62000000(CNY1.80000000- CNY0.18000000).공고 • May 23Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for 2022Shanghai Fullhan Microelectronics Co., Ltd. announced that at the Annual General Meeting of 2022 held on 19 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.80000000 for 2022.Price Target Changed • May 18Price target decreased by 60% to CN¥55.00Down from CN¥137, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥56.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥2.39 for next year compared to CN¥1.74 last year.Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Wenjun Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥60.69, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 73% over the past three years.Reported Earnings • Apr 16Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.74 (up from CN¥1.60 in FY 2021). Revenue: CN¥2.11b (up 23% from FY 2021). Net income: CN¥398.1m (up 9.4% from FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 14% 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 62% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥74.95, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥130 per share.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥68.15, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥131 per share.Price Target Changed • Nov 16Price target decreased to CN¥73.10Down from CN¥137, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CN¥59.29. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥2.28 for next year compared to CN¥1.59 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Wenjun Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.57 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.46 (down from CN¥0.57 in 3Q 2021). Revenue: CN¥557.9m (flat on 3Q 2021). Net income: CN¥105.2m (down 19% from 3Q 2021). Profit margin: 19% (down from 23% in 3Q 2021). Revenue is forecast to grow 26% 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 increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.46 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.61 (up from CN¥0.46 in 2Q 2021). Revenue: CN¥649.2m (up 28% from 2Q 2021). Net income: CN¥140.6m (up 35% from 2Q 2021). Profit margin: 22% (up from 21% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 37%, compared to a 47% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥71.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 315% over the past three years.Board Change • Jun 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Deputy General Manager, Chief Engineer & Non-Independent Director Jian Jun Wan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • May 21Shanghai Fullhan Microelectronics Co., Ltd. Announces Cash Dividend, Payable on May 26, 2022Shanghai Fullhan Microelectronics Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.10000000. Record date is 25 May 2022, ex-date is 26 May 2022 and Payment date is 26 May 2022.공고 • May 12+ 1 more updateShanghai Fullhan Microelectronics Co., Ltd. Declares Cash Dividend for the Year 2021Shanghai Fullhan Microelectronics Co., Ltd. at its Annual General Meeting held on May 9, 2022, declared cash dividend/10 shares (tax included) of CNY 3.10000000 for the year 2021.Valuation Update With 7 Day Price Move • May 03Investor sentiment improved over the past weekAfter last week's 31% share price gain to CN¥114, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Semiconductor industry in China. Total returns to shareholders of 268% over the past three years.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.85 (up from CN¥0.29 in 1Q 2021). Revenue: CN¥514.6m (up 143% from 1Q 2021). Net income: CN¥101.6m (up 193% from 1Q 2021). Profit margin: 20% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 26%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.공고 • Apr 16+ 1 more updateShanghai Fullhan Microelectronics Co., Ltd. Proposes Final Dividend for 2021Shanghai Fullhan Microelectronics Co., Ltd. announced on 15 April 2022 the profit distribution proposal of CNY 3.10000000 per 10 shares (tax included) for 2021.Reported Earnings • Apr 16Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥3.03 (up from CN¥0.73 in FY 2020). Revenue: CN¥1.72b (up 181% from FY 2020). Net income: CN¥363.9m (up 315% from FY 2020). Profit margin: 21% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 46%, compared to a 46% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥163, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 390% over the past three years.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 27% share price gain to CN¥189, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 51x in the Semiconductor industry in China. Total returns to shareholders of 445% over the past three years.Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥1.09 (vs CN¥0.027 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥561.9m (up 466% from 3Q 2020). Net income: CN¥130.5m (up CN¥133.3m from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥2.64 (vs CN¥0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥505.9m (up 304% from 2Q 2020). Net income: CN¥104.0m (up CN¥90.4m from 2Q 2020). Profit margin: 21% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jun 11Tibet Dongfang Qihui Investment Co., Ltd. completed the acquisition of additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd.Tibet Dongfang Qihui Investment Co., Ltd. entered into a Share Transfer Agreement to acquire an additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd. for approximately CNY 490 million on March 17, 2021. Under the terms, Tibet Dongfang will pay CNY 116.47 per share. The consideration will be settled from Legend Holdings' internal cash. Following the transaction, Tibet Dongfang will own 15.94% stake in Shanghai Fullhan. Tibet Dongfang Qihui Investment Co., Ltd. completed the acquisition of additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd. on June 9, 2021. Post completion, Tibet Dongfang Qihui Investment Co., Ltd. will hold 15.92% stake and Jiezhi Holdings Co., Ltd. will hold 5.98% stake.공고 • May 22Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2020Shanghai Fullhan Microelectronics Co., Ltd. at its annual general meeting held on May 20, 2021, approved cash dividend per ten shares (tax included) of CNY 1.10000000 for the year 2020.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.38 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥211.9m (up 35% from 1Q 2020). Net income: CN¥34.7m (up 14% from 1Q 2020). Profit margin: 16% (down from 19% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Mar 09New 90-day high: CN¥170The company is up 22% from its price of CN¥139 on 09 December 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 5.0% over the same period.이익 및 매출 성장 예측SZSE:300613 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,822606N/AN/A112/31/20273,333485N/AN/A112/31/20262,472363N/AN/A13/31/20261,930215347393N/A12/31/20251,690145384444N/A9/30/20251,629154391439N/A6/30/20251,678176374444N/A3/31/20251,751236133253N/A12/31/20241,790258179284N/A9/30/20241,775258300454N/A6/30/20241,739229431586N/A3/31/20241,765230485610N/A12/31/20231,822252318453N/A9/30/20231,738230536640N/A6/30/20231,830284451559N/A3/31/20232,012355406504N/A1/1/20232,111398522621N/A9/30/20222,159442126225N/A6/30/20222,163467160261N/A3/31/20222,020431108211N/A1/1/20221,717364-101-18N/A9/30/20211,508316-4126N/A6/30/20211,046182-147-97N/A3/31/202166592-830N/A12/31/202061088149191N/A9/30/202053046188213N/A6/30/202058589134158N/A3/31/20205871385071N/A12/31/201952282N/A51N/A9/30/201948783N/A20N/A6/30/201942753N/A56N/A3/31/201941813N/A72N/A12/31/201841254N/A103N/A9/30/201842874N/A117N/A6/30/201846087N/A145N/A3/31/201845194N/A113N/A12/31/2017449106N/A71N/A9/30/201739499N/A63N/A6/30/2017368115N/A51N/A3/31/2017333115N/A66N/A12/31/2016322112N/A85N/A12/31/201518237N/A42N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 300613 의 연간 예상 수익 증가율(33.2%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 300613 의 연간 수익(33.2%)이 CN 시장(26.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 300613 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 300613 의 수익(연간 24.4%)이 CN 시장(연간 16.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 300613 의 수익(연간 24.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 300613의 자본 수익률은 3년 후 13.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSemiconductors 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/08 12:18종가2026/08/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Shanghai Fullhan Microelectronics Co., Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yinlei XiaCitic Securities Co., Ltd.Kai LiuEverbright Securities Co. Ltd.Anne LeeNomura Securities Co. Ltd.2명의 분석가 더 보기
Major Estimate Revision • Apr 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.53b to CN¥2.05b. EPS estimate fell from CN¥2.07 to CN¥1.42 per share. Net income forecast to grow 30% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥71.00 to CN¥43.00. Share price fell 3.6% to CN¥31.72 over the past week.
Price Target Changed • May 18Price target decreased by 60% to CN¥55.00Down from CN¥137, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥56.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥2.39 for next year compared to CN¥1.74 last year.
Price Target Changed • Nov 16Price target decreased to CN¥73.10Down from CN¥137, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CN¥59.29. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥2.28 for next year compared to CN¥1.59 last year.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥70.30, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 28% over the past three years.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥59.96, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 133x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.
공고 • Jun 30Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥68.42, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 116x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years.
공고 • May 30Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2025 (A Shares), Payable on 02 June 2026Shanghai Fullhan Microelectronics Co., Ltd. approved 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.80000000 for the year 2025. Record date: 01 June 2026; Ex-date: 02 June 2026; Payment date: 02 June 2026.
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥59.05, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 93x in the Semiconductor industry in China. Negligible returns to shareholders over past three years.
New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% 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 10% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change).
New Risk • Apr 03New major risk - Revenue and earnings growthEarnings have declined by 5.8% 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 5.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (8.6% net profit margin).
Reported Earnings • Apr 03Full year 2025 earnings released: EPS: CN¥0.63 (vs CN¥1.12 in FY 2024)Full year 2025 results: EPS: CN¥0.63 (down from CN¥1.12 in FY 2024). Revenue: CN¥1.69b (down 5.6% from FY 2024). Net income: CN¥145.0m (down 44% from FY 2024). Profit margin: 8.6% (down from 14% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공고 • Apr 03Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, Apr 27, 2026Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, Apr 27, 2026, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai China
공고 • Mar 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
공고 • Dec 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026
New Risk • Oct 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.5% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.5% net profit margin).
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.35 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.26 (down from CN¥0.35 in 3Q 2024). Revenue: CN¥452.5m (down 9.8% from 3Q 2024). Net income: CN¥59.0m (down 27% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). Revenue is forecast to grow 17% 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 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.30 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.039 (down from CN¥0.30 in 2Q 2024). Revenue: CN¥369.5m (down 17% from 2Q 2024). Net income: CN¥8.38m (down 88% from 2Q 2024). Profit margin: 2.3% (down from 16% in 2Q 2024). Revenue is forecast to grow 15% 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 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Jul 02Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
Declared Dividend • Jun 16Dividend of CN¥0.12 announcedDividend of CN¥0.12 is the same as last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 12% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next year, which should provide support to the dividend and adequate earnings cover.
공고 • May 29Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2024Shanghai Fullhan Microelectronics Co., Ltd. at its AGM held on 26 May 2025, approved Cash dividend/10 shares (tax included): CNY 1.20000000 for the year 2024.
공고 • Apr 24Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 26, 2025Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 26, 2025, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai China
New Risk • Apr 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Large one-off items impacting financial results.
공고 • Apr 15Shanghai Fullhan Microelectronics Co., Ltd. Proposes Final Dividend for the Year 2024Shanghai Fullhan Microelectronics Co., Ltd. proposed final cash dividend of CNY 1.20000000 per 10 shares (tax included) for the year 2024.
Reported Earnings • Apr 12Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥1.12 (up from CN¥1.10 in FY 2023). Revenue: CN¥1.79b (down 1.8% from FY 2023). Net income: CN¥257.6m (up 2.0% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 24% 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.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥43.83, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past three years.
공고 • Mar 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025
분석 기사 • Feb 24Here's Why Shanghai Fullhan Microelectronics (SZSE:300613) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥72.93, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 23% over the past three years.
New Risk • Feb 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results.
분석 기사 • Feb 05What Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) 26% Share Price Gain Is Not Telling YouThe Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) share price has done very well over the last month...
Valuation Update With 7 Day Price Move • Jan 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥53.37, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 31% over the past three years.
공고 • Dec 31Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥65.46, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Semiconductor industry in China. Total loss to shareholders of 23% over the past three years.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥54.40, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 32% over the past three years.
분석 기사 • Nov 22The Return Trends At Shanghai Fullhan Microelectronics (SZSE:300613) Look PromisingIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥55.99, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 30% over the past three years.
분석 기사 • Nov 04Shanghai Fullhan Microelectronics' (SZSE:300613) Earnings Are Of Questionable QualityShanghai Fullhan Microelectronics Co., Ltd.'s ( SZSE:300613 ) robust earnings report didn't manage to move the market...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.22 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥501.8m (up 7.7% from 3Q 2023). Net income: CN¥80.5m (up 57% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 20% per year whereas the company’s share price has fallen by 16% per year.
분석 기사 • Oct 15Is Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) Potentially Undervalued?Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ), is not the largest company out there, but it saw a...
분석 기사 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) 27% Jump Shows Its Popularity With InvestorsDespite an already strong run, Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) shares have been powering...
New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Large one-off items impacting financial results.
공고 • Sep 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Buy Or Sell Opportunity • Sep 30Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 34% to CN¥42.90. The fair value is estimated to be CN¥33.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 80% in the next 2 years.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥36.49, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 60% over the past three years.
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.31 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.30 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥442.6m (down 5.4% from 2Q 2023). Net income: CN¥69.0m (down 1.4% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings.
분석 기사 • Aug 15Is Shanghai Fullhan Microelectronics (SZSE:300613) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥41.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.81 per share.
분석 기사 • Jul 30Pinning Down Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) P/E Is Difficult Right NowWith a price-to-earnings (or "P/E") ratio of 39.3x Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) may be...
New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Jul 23Now 23% undervaluedOver the last 90 days, the stock has risen 7.7% to CN¥34.31. The fair value is estimated to be CN¥44.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.
공고 • Jun 29Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
분석 기사 • Jun 15The Return Trends At Shanghai Fullhan Microelectronics (SZSE:300613) Look PromisingWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥34.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 31x in the Semiconductor industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.22 per share.
Buy Or Sell Opportunity • May 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.6% to CN¥34.46. The fair value is estimated to be CN¥43.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 86% in the next 2 years.
분석 기사 • May 30A Look At The Intrinsic Value Of Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613)Key Insights Shanghai Fullhan Microelectronics' estimated fair value is CN¥43.13 based on 2 Stage Free Cash Flow to...
분석 기사 • Apr 26Analyst Forecasts Just Got A Lot More Bearish On Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613)Today is shaping up negative for Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) shareholders, with the...
분석 기사 • Apr 23Shanghai Fullhan Microelectronics' (SZSE:300613) Shareholders Have More To Worry About Than Only Soft EarningsA lackluster earnings announcement from Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) last week didn't...
Major Estimate Revision • Apr 22Consensus revenue estimates fall by 19%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.53b to CN¥2.05b. EPS estimate fell from CN¥2.07 to CN¥1.42 per share. Net income forecast to grow 30% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥71.00 to CN¥43.00. Share price fell 3.6% to CN¥31.72 over the past week.
공고 • Apr 16Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 17, 2024Shanghai Fullhan Microelectronics Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 6F, Building 2, No. 717, Yishan Road, Xuhui District, Shanghai China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; and to transact such other business matters.
Reported Earnings • Apr 16Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.10 (down from CN¥1.74 in FY 2022). Revenue: CN¥1.82b (down 14% from FY 2022). Net income: CN¥252.5m (down 37% from FY 2022). Profit margin: 14% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 23% 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 17% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공고 • Mar 30Shanghai Fullhan Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024
공고 • Mar 09Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) announces an Equity Buyback for CNY 100 million worth of its shares.Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 49 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months.
분석 기사 • Mar 01Shanghai Fullhan Microelectronics Co., Ltd.'s (SZSE:300613) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 36x Shanghai Fullhan Microelectronics Co., Ltd. ( SZSE:300613 ) may be...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥30.34, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years.
공고 • Dec 29Shanghai Fullhan Microelectronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 15, 2024Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 15, 2024
New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.46 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥465.8m (down 17% from 3Q 2022). Net income: CN¥51.3m (down 51% from 3Q 2022). Profit margin: 11% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% 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 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 22Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.61 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.61 in 2Q 2022). Revenue: CN¥467.8m (down 28% from 2Q 2022). Net income: CN¥70.0m (down 50% from 2Q 2022). Profit margin: 15% (down from 22% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% 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 increased by 46% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공고 • Jul 01Shanghai Fullhan Microelectronics Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023Shanghai Fullhan Microelectronics Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023
New Risk • Jun 09New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공고 • May 27Shanghai Fullhan Microelectronics Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 02 June 2023Shanghai Fullhan Microelectronics Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.80000000. Record date: 01 June 2023, Ex-date: 02 June 2023 Payment date: 02 June 2023 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY0.18000000(10% x CNY1.80000000) Net cash dividend/10 shares after tax: CNY1.62000000(CNY1.80000000- CNY0.18000000).
공고 • May 23Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for 2022Shanghai Fullhan Microelectronics Co., Ltd. announced that at the Annual General Meeting of 2022 held on 19 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.80000000 for 2022.
Price Target Changed • May 18Price target decreased by 60% to CN¥55.00Down from CN¥137, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥56.81. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥2.39 for next year compared to CN¥1.74 last year.
Board Change • May 18Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Wenjun Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥60.69, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 73% over the past three years.
Reported Earnings • Apr 16Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.74 (up from CN¥1.60 in FY 2021). Revenue: CN¥2.11b (up 23% from FY 2021). Net income: CN¥398.1m (up 9.4% from FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 14% 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 62% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥74.95, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥130 per share.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥68.15, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥131 per share.
Price Target Changed • Nov 16Price target decreased to CN¥73.10Down from CN¥137, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CN¥59.29. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥2.28 for next year compared to CN¥1.59 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Wenjun Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.57 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.46 (down from CN¥0.57 in 3Q 2021). Revenue: CN¥557.9m (flat on 3Q 2021). Net income: CN¥105.2m (down 19% from 3Q 2021). Profit margin: 19% (down from 23% in 3Q 2021). Revenue is forecast to grow 26% 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 increased by 68% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.61 (vs CN¥0.46 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.61 (up from CN¥0.46 in 2Q 2021). Revenue: CN¥649.2m (up 28% from 2Q 2021). Net income: CN¥140.6m (up 35% from 2Q 2021). Profit margin: 22% (up from 21% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 37%, compared to a 47% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥71.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 315% over the past three years.
Board Change • Jun 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Deputy General Manager, Chief Engineer & Non-Independent Director Jian Jun Wan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • May 21Shanghai Fullhan Microelectronics Co., Ltd. Announces Cash Dividend, Payable on May 26, 2022Shanghai Fullhan Microelectronics Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 3.10000000. Record date is 25 May 2022, ex-date is 26 May 2022 and Payment date is 26 May 2022.
공고 • May 12+ 1 more updateShanghai Fullhan Microelectronics Co., Ltd. Declares Cash Dividend for the Year 2021Shanghai Fullhan Microelectronics Co., Ltd. at its Annual General Meeting held on May 9, 2022, declared cash dividend/10 shares (tax included) of CNY 3.10000000 for the year 2021.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improved over the past weekAfter last week's 31% share price gain to CN¥114, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Semiconductor industry in China. Total returns to shareholders of 268% over the past three years.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.85 (up from CN¥0.29 in 1Q 2021). Revenue: CN¥514.6m (up 143% from 1Q 2021). Net income: CN¥101.6m (up 193% from 1Q 2021). Profit margin: 20% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 26%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
공고 • Apr 16+ 1 more updateShanghai Fullhan Microelectronics Co., Ltd. Proposes Final Dividend for 2021Shanghai Fullhan Microelectronics Co., Ltd. announced on 15 April 2022 the profit distribution proposal of CNY 3.10000000 per 10 shares (tax included) for 2021.
Reported Earnings • Apr 16Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥3.03 (up from CN¥0.73 in FY 2020). Revenue: CN¥1.72b (up 181% from FY 2020). Net income: CN¥363.9m (up 315% from FY 2020). Profit margin: 21% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 46%, compared to a 46% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 27Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥163, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 46x in the Semiconductor industry in China. Total returns to shareholders of 390% over the past three years.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improved over the past weekAfter last week's 27% share price gain to CN¥189, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 51x in the Semiconductor industry in China. Total returns to shareholders of 445% over the past three years.
Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥1.09 (vs CN¥0.027 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥561.9m (up 466% from 3Q 2020). Net income: CN¥130.5m (up CN¥133.3m from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥2.64 (vs CN¥0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥505.9m (up 304% from 2Q 2020). Net income: CN¥104.0m (up CN¥90.4m from 2Q 2020). Profit margin: 21% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jun 11Tibet Dongfang Qihui Investment Co., Ltd. completed the acquisition of additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd.Tibet Dongfang Qihui Investment Co., Ltd. entered into a Share Transfer Agreement to acquire an additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd. for approximately CNY 490 million on March 17, 2021. Under the terms, Tibet Dongfang will pay CNY 116.47 per share. The consideration will be settled from Legend Holdings' internal cash. Following the transaction, Tibet Dongfang will own 15.94% stake in Shanghai Fullhan. Tibet Dongfang Qihui Investment Co., Ltd. completed the acquisition of additional 5.22% stake in Shanghai Fullhan Microelectronics Co., Ltd. (SZSE:300613) from Jiezhi Holdings Co., Ltd. on June 9, 2021. Post completion, Tibet Dongfang Qihui Investment Co., Ltd. will hold 15.92% stake and Jiezhi Holdings Co., Ltd. will hold 5.98% stake.
공고 • May 22Shanghai Fullhan Microelectronics Co., Ltd. Approves Cash Dividend for the Year 2020Shanghai Fullhan Microelectronics Co., Ltd. at its annual general meeting held on May 20, 2021, approved cash dividend per ten shares (tax included) of CNY 1.10000000 for the year 2020.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.38 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥211.9m (up 35% from 1Q 2020). Net income: CN¥34.7m (up 14% from 1Q 2020). Profit margin: 16% (down from 19% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Mar 09New 90-day high: CN¥170The company is up 22% from its price of CN¥139 on 09 December 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 5.0% over the same period.