New Risk • Apr 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥2.48 (vs CN¥1.42 in FY 2024) Full year 2025 results: EPS: CN¥2.48 (up from CN¥1.42 in FY 2024). Revenue: CN¥4.40b (up 40% from FY 2024). Net income: CN¥1.04b (up 75% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 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 72% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Rockchip Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Rockchip Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Dec 26
Rockchip Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Rockchip Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Price Target Changed • Nov 14
Price target increased by 11% to CN¥198 Up from CN¥178, the current price target is an average from 4 analysts. New target price is 19% above last closing price of CN¥167. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥2.41 for next year compared to CN¥1.42 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.59 (vs CN¥0.40 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.59 (up from CN¥0.40 in 3Q 2024). Revenue: CN¥1.10b (up 20% from 3Q 2024). Net income: CN¥248.4m (up 47% from 3Q 2024). Profit margin: 23% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Rockchip Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Rockchip Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 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 6.9% 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. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.77 (vs CN¥0.28 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.77 (up from CN¥0.28 in 2Q 2024). Revenue: CN¥1.16b (up 65% from 2Q 2024). Net income: CN¥321.7m (up 179% from 2Q 2024). Profit margin: 28% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 29% per year. Announcement • Jun 30
Rockchip Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Rockchip Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • May 29
Rockchip Electronics Co., Ltd., Annual General Meeting, Jun 19, 2025 Rockchip Electronics Co., Ltd., Annual General Meeting, Jun 19, 2025, at 11:00 China Standard Time. Location: Building 20, Area A, No. 89, Ruanjian Avenue, Tongpan Road, Gulou District, Fuzhou, Fujian China New Risk • Apr 27
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥1.42 (up from CN¥0.32 in FY 2023). Revenue: CN¥3.14b (up 47% from FY 2023). Net income: CN¥594.9m (up 341% from FY 2023). Profit margin: 19% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 27%. 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. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Mar 28
Rockchip Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Rockchip Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Jan 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 10% 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. Announcement • Dec 27
Rockchip Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Rockchip Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Price Target Changed • Oct 23
Price target increased by 24% to CN¥87.05 Up from CN¥70.25, the current price target is an average from 2 analysts. New target price is 5.2% below last closing price of CN¥91.84. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥0.91 for next year compared to CN¥0.32 last year. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥911.0m (up 51% from 3Q 2023). Net income: CN¥168.9m (up 222% from 3Q 2023). Profit margin: 19% (up from 8.7% in 3Q 2023). The increase in margin was driven by higher revenue. 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. Over the last 3 years on average, earnings per share has fallen by 40% 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. Announcement • Sep 30
Rockchip Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Rockchip Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥705.5m (up 35% from 2Q 2023). Net income: CN¥115.1m (up 167% from 2Q 2023). Profit margin: 16% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% 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 47% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Rockchip Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Rockchip Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.86b to CN¥2.83b. EPS estimate also fell from CN¥0.998 per share to CN¥0.847 per share. Net income forecast to grow 162% next year vs 56% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥73.15 to CN¥70.25. Share price was steady at CN¥53.15 over the past week. Reported Earnings • Apr 12
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.32 (down from CN¥0.72 in FY 2022). Revenue: CN¥2.13b (up 5.2% from FY 2022). Net income: CN¥134.9m (down 55% from FY 2022). Profit margin: 6.3% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 26% 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 fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Rockchip Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Rockchip Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
Rockchip Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Mar 21, 2024 Rockchip Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Mar 21, 2024 Major Estimate Revision • Oct 25
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.35b to CN¥2.20b. EPS estimate also fell from CN¥0.715 per share to CN¥0.577 per share. Net income forecast to grow 369% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥94.33 to CN¥79.79. Share price was steady at CN¥63.32 over the past week. Reported Earnings • Oct 19
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.009 in 3Q 2022). Revenue: CN¥601.9m (up 83% from 3Q 2022). Net income: CN¥52.5m (up CN¥48.8m from 3Q 2022). Profit margin: 8.7% (up from 1.1% in 3Q 2022). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 57%. Revenue is forecast to grow 37% 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 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.54b to CN¥2.35b. EPS estimate also fell from CN¥0.958 per share to CN¥0.715 per share. Net income forecast to grow 918% next year vs 66% growth forecast for Semiconductor industry in China. Consensus price target down from CN¥102 to CN¥94.33. Share price fell 8.0% to CN¥65.51 over the past week. Price Target Changed • Aug 17
Price target decreased by 8.7% to CN¥94.33 Down from CN¥103, the current price target is an average from 3 analysts. New target price is 35% above last closing price of CN¥70.04. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.64 for next year compared to CN¥0.72 last year. Reported Earnings • Aug 15
Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.45 in 2Q 2022). Revenue: CN¥523.3m (down 25% from 2Q 2022). Net income: CN¥43.2m (down 77% from 2Q 2022). Profit margin: 8.3% (down from 27% in 2Q 2022). Revenue is forecast to grow 44% 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 7% per year whereas the company’s share price has fallen by 8% per year. Announcement • Jun 28
Rockchip Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Rockchip Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Price Target Changed • Apr 18
Price target increased by 11% to CN¥105 Up from CN¥94.40, the current price target is an average from 3 analysts. New target price is 16% above last closing price of CN¥90.00. Stock is up 9.8% over the past year. The company is forecast to post earnings per share of CN¥2.26 for next year compared to CN¥0.72 last year. Price Target Changed • Apr 14
Price target increased by 8.6% to CN¥98.40 Up from CN¥90.60, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥95.87. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥1.85 for next year compared to CN¥0.72 last year. Reported Earnings • Apr 10
Full year 2022 earnings released: EPS: CN¥0.72 (vs CN¥1.45 in FY 2021) Full year 2022 results: EPS: CN¥0.72 (down from CN¥1.45 in FY 2021). Revenue: CN¥2.03b (down 25% from FY 2021). Net income: CN¥297.4m (down 51% from FY 2021). Profit margin: 15% (down from 22% in FY 2021). Revenue is forecast to grow 42% p.a. on average during the next 2 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 24% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥90.20, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.25 per share. Price Target Changed • Nov 16
Price target decreased to CN¥99.08 Down from CN¥115, the current price target is an average from 4 analysts. New target price is 21% above last closing price of CN¥81.67. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.85 for next year compared to CN¥1.45 last year. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥78.29, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.14 per share. Price Target Changed • Nov 04
Price target decreased to CN¥99.08 Down from CN¥115, the current price target is an average from 4 analysts. New target price is 33% above last closing price of CN¥74.45. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥1.91 for next year compared to CN¥1.45 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.35 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.35 in 3Q 2021). Revenue: CN¥328.4m (down 52% from 3Q 2021). Net income: CN¥3.70m (down 97% from 3Q 2021). Profit margin: 1.1% (down from 21% in 3Q 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Price Target Changed • Oct 15
Price target decreased to CN¥113 Down from CN¥123, the current price target is an average from 4 analysts. New target price is 69% above last closing price of CN¥66.66. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥1.93 for next year compared to CN¥1.45 last year. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.37 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.37 in 2Q 2021). Revenue: CN¥698.9m (down 14% from 2Q 2021). Net income: CN¥188.1m (up 23% from 2Q 2021). Profit margin: 27% (up from 19% in 2Q 2021). Over the next year, revenue is forecast to grow 82%, compared to a 49% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥96.62, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.40 per share. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.27 in 1Q 2021). Revenue: CN¥542.9m (down 3.9% from 1Q 2021). Net income: CN¥84.1m (down 25% from 1Q 2021). Profit margin: 16% (down from 20% in 1Q 2021). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 65%, compared to a 44% growth forecast for the industry in China. Reported Earnings • Jan 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.46 (up from CN¥0.79 in FY 2020). Revenue: CN¥2.72b (up 46% from FY 2020). Net income: CN¥603.4m (up 89% from FY 2020). Profit margin: 22% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 33%, compared to a 57% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥678.6m (up 23% from 3Q 2020). Net income: CN¥142.8m (up 50% from 3Q 2020). Profit margin: 21% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥813.4m (up 102% from 2Q 2020). Net income: CN¥153.2m (up 151% from 2Q 2020). Profit margin: 19% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥565.0m (up 109% from 1Q 2020). Net income: CN¥111.7m (up 250% from 1Q 2020). Profit margin: 20% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥0.79 (vs CN¥0.55 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.86b (up 32% from FY 2019). Net income: CN¥320.0m (up 56% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥61.18 The company is down 16% from its price of CN¥72.41 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥69.13 The company is down 6.0% from its price of CN¥73.20 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 19% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥266.5m, up 41% from the prior year. Total revenue was CN¥1.69b over the last 12 months, up 36% from the prior year. 
