Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Haiyan Song was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 22
Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026 Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 2, Dianke Road, Xinwu District, Wuxi, Jiangsu China 공시 • Mar 30
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 공시 • Dec 26
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 공시 • Sep 30
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 공시 • Jun 30
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 공시 • Apr 29
Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025 Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. 공시 • Mar 28
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 공시 • Dec 27
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥310.5m (up 53% from 3Q 2023). Net income: CN¥51.2m (up 171% from 3Q 2023). Profit margin: 17% (up from 9.3% in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. 공시 • Sep 30
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q3, 2024 Results on Oct 16, 2024 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q3, 2024 results on Oct 16, 2024 공시 • Jun 28
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥46.43, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Semiconductor industry in China. Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.24 profit in 1Q 2023) First quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.24 profit in 1Q 2023). Revenue: CN¥183.6m (up 31% from 1Q 2023). Net loss: CN¥305.7k (down 101% from profit in 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. 공시 • Mar 29
Shanghai V-Test Semiconductor Tech. Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai V-Test Semiconductor Tech. Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 공시 • Mar 23
Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024 Shanghai V-Test Semiconductor Tech. Co., Ltd., Annual General Meeting, Apr 16, 2024, at 14:00 China Standard Time. Location: No. 19, Yunshi Road, Pukou District, Nanjing, Jiangsu China New Risk • Mar 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥67.95, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 34x in the Semiconductor industry in China. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥2.71 in FY 2022) Full year 2023 results: EPS: CN¥1.03 (down from CN¥2.71 in FY 2022). Revenue: CN¥736.5m (flat on FY 2022). Net income: CN¥117.0m (down 52% from FY 2022). Profit margin: 16% (down from 33% in FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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 High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥51.58, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Semiconductor industry in China. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Xiu Qiang Lin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
