New Risk • Jun 09
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 8.6% 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 51% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 55% per year over the past 5 years. Aankondiging • Apr 02
China Chippacking Technology Co.,Ltd., Annual General Meeting, Apr 23, 2026 China Chippacking Technology Co.,Ltd., Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Apr 02
Full year 2025 earnings released: CN¥0.71 loss per share (vs CN¥0.96 loss in FY 2024) Full year 2025 results: CN¥0.71 loss per share (improved from CN¥0.96 loss in FY 2024). Revenue: CN¥768.8m (up 15% from FY 2024). Net loss: CN¥75.4m (loss narrowed 26% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Mar 30
China Chippacking Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 China Chippacking Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: CN¥0.70 loss per share (vs CN¥0.96 loss in FY 2024) Full year 2025 results: CN¥0.70 loss per share (improved from CN¥0.96 loss in FY 2024). Revenue: CN¥767.8m (up 15% from FY 2024). Net loss: CN¥75.1m (loss narrowed 26% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Jan 28
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 7.4% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥141m free cash flow). Earnings have declined by 60% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Aankondiging • Dec 26
China Chippacking Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 17, 2026 China Chippacking Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 17, 2026 New Risk • Oct 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥141m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥141m free cash flow). Earnings have declined by 60% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Aankondiging • Sep 30
China Chippacking Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 China Chippacking Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 02
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 6.8% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥205m free cash flow). Earnings have declined by 65% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Aug 17
Second quarter 2025 earnings released: CN¥0.25 loss per share (vs CN¥0.18 loss in 2Q 2024) Second quarter 2025 results: CN¥0.25 loss per share (further deteriorated from CN¥0.18 loss in 2Q 2024). Revenue: CN¥194.3m (up 2.5% from 2Q 2024). Net loss: CN¥26.5m (loss widened 36% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 30
China Chippacking Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 12, 2025 China Chippacking Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 12, 2025 Reported Earnings • Apr 27
First quarter 2025 earnings released: CN¥0.30 loss per share (vs CN¥0.20 loss in 1Q 2024) First quarter 2025 results: CN¥0.30 loss per share (further deteriorated from CN¥0.20 loss in 1Q 2024). Revenue: CN¥131.6m (up 6.5% from 1Q 2024). Net loss: CN¥32.2m (loss widened 52% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 26
China Chippacking Technology Co.,Ltd., Annual General Meeting, May 22, 2025 China Chippacking Technology Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China New Risk • Apr 21
New major risk - Revenue and earnings growth Earnings have declined by 62% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥79m free cash flow). Earnings have declined by 62% per year over the past 5 years. New Risk • Apr 07
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 7.7% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥79m free cash flow). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Aankondiging • Mar 28
China Chippacking Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 China Chippacking Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥0.97 loss per share (improved from CN¥1.24 loss in FY 2023). Revenue: CN¥666.2m (up 20% from FY 2023). Net loss: CN¥103.8m (loss narrowed 21% from FY 2023). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Aankondiging • Dec 27
China Chippacking Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 China Chippacking Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.30 loss in 3Q 2023) Third quarter 2024 results: CN¥0.19 loss per share (improved from CN¥0.30 loss in 3Q 2023). Revenue: CN¥182.3m (up 15% from 3Q 2023). Net loss: CN¥20.3m (loss narrowed 36% from 3Q 2023). 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, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
China Chippacking Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 China Chippacking Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Aankondiging • Jun 29
China Chippacking Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 China Chippacking Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Aankondiging • May 24
China Chippacking Technology Co.,Ltd., Annual General Meeting, Jun 13, 2024 China Chippacking Technology Co.,Ltd., Annual General Meeting, Jun 13, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Apr 24
First quarter 2024 earnings released: CN¥0.20 loss per share (vs CN¥0.32 loss in 1Q 2023) First quarter 2024 results: CN¥0.20 loss per share (improved from CN¥0.32 loss in 1Q 2023). Revenue: CN¥123.6m (up 29% from 1Q 2023). Net loss: CN¥21.1m (loss narrowed 37% from 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in China. Aankondiging • Mar 29
China Chippacking Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 China Chippacking Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Feb 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥1.25 loss per share (further deteriorated from CN¥0.55 loss in FY 2022). Revenue: CN¥554.3m (up 2.6% from FY 2022). Net loss: CN¥132.1m (loss widened 126% from FY 2022). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. New Risk • Feb 05
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 7.2% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.30 loss per share (vs CN¥0.21 loss in 3Q 2022) Third quarter 2023 results: CN¥0.30 loss per share (further deteriorated from CN¥0.21 loss in 3Q 2022). Revenue: CN¥158.2m (up 31% from 3Q 2022). Net loss: CN¥31.7m (loss widened 37% from 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. New Risk • Oct 06
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 6.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). New Risk • Aug 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 34% per year over the past 5 years. Aankondiging • Jun 28
China Chippacking Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 China Chippacking Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Aankondiging • Jun 21
China Chippacking Technology Co.,Ltd. announced that it expects to receive CNY 130 million in funding China Chippacking Technology Co.,Ltd. announced a private placement to issue A shares for gross proceeds of not more than CNY 130 million on June 20, 2023. The issue price will not less than 80% of the average price in the 20 trading days before the pricing reference date of the transaction. The transaction included the participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance of closing date. The issue of share is not more than 30% of total share capital. The transaction has been approved on 9th Meeting of the 4th Directorate, and 7th meeting of the 4th supervisory board. The transaction still needs to be approved from Shanghai Stock Exchange and the China Securities Regulatory Commission.
On May 11, 2023, The transaction has been approved on 2022 Annual General Shareholders Meeting, and authorized the Company’s Directorate. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.32 loss per share (vs CN¥0.06 loss in 1Q 2022) First quarter 2023 results: CN¥0.32 loss per share (further deteriorated from CN¥0.06 loss in 1Q 2022). Revenue: CN¥95.9m (down 24% from 1Q 2022). Net loss: CN¥33.6m (loss widened 451% from 1Q 2022). Reported Earnings • Mar 02
Full year 2022 earnings released: CN¥0.56 loss per share (vs CN¥1.45 profit in FY 2021) Full year 2022 results: CN¥0.56 loss per share (down from CN¥1.45 profit in FY 2021). Revenue: CN¥540.4m (down 33% from FY 2021). Net loss: CN¥59.9m (down 145% from profit in FY 2021). Board Change • Nov 16
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. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chunqing Wang 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. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥120.4m (down 47% from 3Q 2021). Net loss: CN¥23.1m (down 156% from profit in 3Q 2021). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.60 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.60 in 2Q 2021). Revenue: CN¥160.8m (down 25% from 2Q 2021). Net income: CN¥5.46m (down 89% from 2Q 2021). Profit margin: 3.4% (down from 22% in 2Q 2021). Over the next year, revenue is forecast to grow 53%, compared to a 49% growth forecast for the industry in China. Aankondiging • Aug 08
China Chippacking Technology Co.,Ltd. (SHSE:688216) announces an Equity Buyback for CNY 50 million worth of its shares. China Chippacking Technology Co.,Ltd. (SHSE:688216) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price of not more than CNY 34 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 12 months. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥32.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥28.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 35x in the Semiconductor industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.45 (up from CN¥1.01 in FY 2020). Revenue: CN¥809.4m (up 48% from FY 2020). Net income: CN¥134.6m (up 68% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 51%, compared to a 47% growth forecast for the industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.45 (up from CN¥1.01 in FY 2020). Revenue: CN¥809.4m (up 48% from FY 2020). Net income: CN¥134.8m (up 68% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 51%, compared to a 55% growth forecast for the industry in China. Buying Opportunity • Jan 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be CN¥62.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% per annum over the last 3 years. Earnings per share has grown by 53% per annum over the last 3 years.