Narrative Update • Jun 02
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- 7D-2.8%
- 3M23.8%
- 1Y95.6%
- YTD32.5%
Over the last 7 days, the Semiconductors industry has dropped 4.4%, driven by declines in Hygon Information Technology and SJ Semiconductor of 6.8% and 12%, respectively. In contrast, Yuanjie Semiconductor Technology has gained 17%. Over the past 12 months, the industry was up 103%. As for the next few years, earnings are expected to grow by 48% per annum.
Industry Valuation and Performance
Has the Chinese Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | CN¥10.5t | CN¥1.3t | CN¥10.3b | 102x | 1018.4x | 8.1x |
| Mon, 04 May 2026 | CN¥9.5t | CN¥1.3t | CN¥9.2b | 90.7x | 1036.1x | 7.4x |
| Wed, 01 Apr 2026 | CN¥7.5t | CN¥1.3t | -CN¥4,123,191,319.00 | 81.1x | -1809.8x | 5.8x |
| Fri, 27 Feb 2026 | CN¥8.6t | CN¥1.3t | -CN¥5,628,152,121.00 | 100.2x | -1536.1x | 6.9x |
| Sun, 25 Jan 2026 | CN¥8.7t | CN¥1.3t | -CN¥5,913,597,926.00 | 97.8x | -1478.3x | 7x |
| Tue, 23 Dec 2025 | CN¥7.3t | CN¥1.3t | -CN¥6,328,226,195.00 | 79.1x | -1149.5x | 5.8x |
| Thu, 20 Nov 2025 | CN¥6.6t | CN¥1.2t | -CN¥3,965,287,488.00 | 76.9x | -1659.7x | 5.3x |
| Sat, 18 Oct 2025 | CN¥6.4t | CN¥1.2t | -CN¥9,458,932,717.00 | 76.7x | -676.1x | 5.2x |
| Mon, 15 Sep 2025 | CN¥6.3t | CN¥1.2t | -CN¥9,676,032,980.00 | 73.1x | -652.1x | 5.1x |
| Wed, 13 Aug 2025 | CN¥5.2t | CN¥1.2t | -CN¥11,483,327,530.00 | 70.6x | -454.7x | 4.2x |
| Fri, 11 Jul 2025 | CN¥4.8t | CN¥1.2t | -CN¥14,045,280,735.00 | 64.8x | -340.4x | 3.8x |
| Sun, 08 Jun 2025 | CN¥4.6t | CN¥1.2t | -CN¥14,794,281,075.00 | 60.6x | -310.2x | 3.7x |
| Tue, 06 May 2025 | CN¥4.7t | CN¥1.4t | -CN¥379,982,917,662.00 | 62.2x | -12.3x | 3.3x |
| Thu, 03 Apr 2025 | CN¥4.8t | CN¥1.3t | CN¥9.0b | 65.6x | 529.3x | 3.7x |
| Sat, 01 Mar 2025 | CN¥5.0t | CN¥1.3t | CN¥14.3b | 67.3x | 349.9x | 3.7x |
| Mon, 27 Jan 2025 | CN¥4.6t | CN¥1.3t | CN¥15.8b | 65.2x | 291.2x | 3.5x |
| Wed, 25 Dec 2024 | CN¥4.8t | CN¥1.3t | CN¥16.1b | 66.3x | 302x | 3.7x |
| Fri, 22 Nov 2024 | CN¥4.8t | CN¥1.3t | CN¥15.9b | 64x | 301.6x | 3.7x |
| Sun, 20 Oct 2024 | CN¥4.4t | CN¥1.4t | CN¥41.9b | 67.6x | 105.5x | 3.2x |
| Tue, 17 Sep 2024 | CN¥3.0t | CN¥1.4t | CN¥41.1b | 45x | 73.7x | 2.2x |
| Thu, 15 Aug 2024 | CN¥3.3t | CN¥1.4t | CN¥77.7b | 45.6x | 42.4x | 2.3x |
| Sat, 13 Jul 2024 | CN¥3.4t | CN¥1.4t | CN¥76.6b | 49.1x | 44.9x | 2.4x |
| Mon, 10 Jun 2024 | CN¥3.5t | CN¥1.4t | CN¥76.6b | 50x | 45.8x | 2.5x |
| Wed, 08 May 2024 | CN¥3.7t | CN¥1.4t | CN¥76.2b | 53x | 47.9x | 2.6x |
| Fri, 05 Apr 2024 | CN¥3.7t | CN¥1.5t | CN¥124.3b | 52.7x | 29.6x | 2.5x |
| Sun, 03 Mar 2024 | CN¥3.9t | CN¥1.5t | CN¥123.3b | 55.5x | 31.7x | 2.7x |
| Tue, 30 Jan 2024 | CN¥3.5t | CN¥1.4t | CN¥124.6b | 52.9x | 28.1x | 2.4x |
| Thu, 28 Dec 2023 | CN¥4.0t | CN¥1.4t | CN¥124.1b | 65x | 32.3x | 2.8x |
| Sat, 25 Nov 2023 | CN¥4.2t | CN¥1.4t | CN¥123.1b | 69.1x | 34.1x | 3x |
| Mon, 23 Oct 2023 | CN¥4.1t | CN¥1.4t | CN¥136.9b | 66.6x | 30.1x | 2.9x |
| Wed, 20 Sep 2023 | CN¥4.2t | CN¥1.4t | CN¥136.8b | 67.7x | 30.8x | 3x |
| Fri, 18 Aug 2023 | CN¥4.3t | CN¥1.4t | CN¥135.6b | 65.5x | 31.8x | 3.2x |
| Sun, 16 Jul 2023 | CN¥4.9t | CN¥1.3t | CN¥139.5b | 69.7x | 35.3x | 3.7x |
| Tue, 13 Jun 2023 | CN¥4.9t | CN¥1.3t | CN¥140.0b | 66.5x | 34.8x | 3.6x |
Price to Earnings Ratio
34.8x
Current Industry PE
- Investors are optimistic on the Chinese Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 1kx which is higher than its 3-year average PE of -310x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 58% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -1.40% | |
| Tech | -0.21% | |
| Semiconductors | -2.79% | |
| Semiconductor Equipment | -2.25% | |
| Semiconductors | -3.00% | |
Industry PE
- Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 111x.
- Analysts are expecting annual earnings growth of 42.5%, which is higher than its past year's earnings decline of 6.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 42% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 688498 Yuanjie Semiconductor Technology | CN¥1.32k | 16.6% +CN¥23.3b | 1,200.1% | PE460.3x | |
| 603986 GigaDevice Semiconductor | CN¥488.00 | 4.5% +CN¥14.7b | 295.3% | PE118.9x | |
| 688802 MetaX Integrated Circuits (Shanghai) | CN¥710.00 | 5.0% +CN¥13.6b | n/a | PS150.7x | |
| 688082 ACM Research (Shanghai) | CN¥251.00 | 9.6% +CN¥10.6b | 133.5% | PE96.5x | |
| 605358 Hangzhou Lion ElectronicsLtd | CN¥66.77 | 20.6% +CN¥7.6b | 181.8% | PS11.8x |