Price Target Changed • Apr 07
Price target decreased by 10% to CN¥117 Down from CN¥130, the current price target is provided by 1 analyst. New target price is 73% above last closing price of CN¥67.40. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.03 next year compared to a net loss per share of CN¥0.97 last year. Announcement • Mar 31
ASR Microelectronics Co., Ltd., Annual General Meeting, Apr 21, 2026 ASR Microelectronics Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 30
ASR Microelectronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 ASR Microelectronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: CN¥0.97 loss per share (improved from CN¥1.70 loss in FY 2024). Revenue: CN¥3.82b (up 13% from FY 2024). Net loss: CN¥394.0m (loss narrowed 43% from FY 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 32% 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 fallen by 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. New Risk • Feb 12
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 8.0% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 26
ASR Microelectronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 ASR Microelectronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.30b to CN¥3.91b. Losses expected to increase from CN¥0.88 per share to CN¥0.97. Semiconductor industry in China expected to see average net income growth of 62% next year. Consensus price target down from CN¥137 to CN¥130. Share price fell 5.6% to CN¥80.69 over the past week. Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.21 loss per share (vs CN¥0.36 loss in 3Q 2024) Third quarter 2025 results: CN¥0.21 loss per share (improved from CN¥0.36 loss in 3Q 2024). Revenue: CN¥982.3m (up 11% from 3Q 2024). Net loss: CN¥82.0m (loss narrowed 45% from 3Q 2024). Revenue is forecast to grow 29% 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 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Breakeven Date Change • Oct 31 The 4 analysts covering ASR Microelectronics previously expected the company to break even in 2027. New consensus forecast suggests losses will reduce by 91% per year to 2026. The company is expected to make a profit of CN¥140.2m in 2027. Average annual earnings growth of 151% is required to achieve expected profit on schedule.
Announcement • Sep 30
ASR Microelectronics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 ASR Microelectronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 11
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 8.8% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
ASR Microelectronics Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 ASR Microelectronics Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 30
ASR Microelectronics Co., Ltd., Annual General Meeting, May 20, 2025 ASR Microelectronics Co., Ltd., Annual General Meeting, May 20, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Major Estimate Revision • Apr 15
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CN¥0.702 to -CN¥0.787 per share. Revenue forecast unchanged at CN¥4.48b. Semiconductor industry in China expected to see average net income growth of 56% next year. Consensus price target up from CN¥77.44 to CN¥90.69. Share price rose 19% to CN¥90.49 over the past week. Reported Earnings • Apr 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CN¥1.70 loss per share (further deteriorated from CN¥1.22 loss in FY 2023). Revenue: CN¥3.39b (up 30% from FY 2023). Net loss: CN¥693.0m (loss widened 37% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. 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 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Breakeven Date Change • Apr 09
Forecast breakeven date pushed back to 2027 The 3 analysts covering ASR Microelectronics previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of CN¥30.1m in 2027. Average annual earnings growth of 67% is required to achieve expected profit on schedule. Announcement • Mar 28
ASR Microelectronics Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 ASR Microelectronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CN¥1.69 loss per share (further deteriorated from CN¥1.22 loss in FY 2023). Revenue: CN¥34t (up CN¥34t from FY 2023). Net loss: CN¥6.87t (loss widened CN¥6.87t from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in China are expected to grow by 24%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Jan 27
Price target increased by 19% to CN¥77.44 Up from CN¥65.10, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥69.52. Stock is up 36% over the past year. The company is forecast to post a net loss per share of CN¥1.61 next year compared to a net loss per share of CN¥1.22 last year. New Risk • Jan 21
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 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. This is currently the only risk that has been identified for the company. Announcement • Dec 27
ASR Microelectronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 ASR Microelectronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.36 loss per share (vs CN¥0.23 loss in 3Q 2023) Third quarter 2024 results: CN¥0.36 loss per share (further deteriorated from CN¥0.23 loss in 3Q 2023). Revenue: CN¥884.5m (up 12% from 3Q 2023). Net loss: CN¥147.8m (loss widened 64% from 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. New Risk • Sep 30
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 7.3% 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 Currently unprofitable and not forecast to become profitable over next 2 years (CN¥18m net loss in 2 years). Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Sep 30
ASR Microelectronics Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 ASR Microelectronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥435m Forecast net loss in 2 years: CN¥18m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 02
Second quarter 2024 earnings released: CN¥0.34 loss per share (vs CN¥0.29 loss in 2Q 2023) Second quarter 2024 results: CN¥0.34 loss per share. Revenue: CN¥825.1m (up 27% from 2Q 2023). Net loss: CN¥139.4m (flat on 2Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
ASR Microelectronics Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 ASR Microelectronics Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥435m Forecast net loss in 2 years: CN¥29m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • May 13
No longer forecast to breakeven The 4 analysts covering ASR Microelectronics no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥205.7m in 2026. New consensus forecast suggests the company will make a loss of CN¥226.7m in 2026. New Risk • May 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥435m Forecast net loss in 2 years: CN¥21m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.31 loss per share (vs CN¥0.55 loss in 1Q 2023) First quarter 2024 results: CN¥0.31 loss per share (improved from CN¥0.55 loss in 1Q 2023). Revenue: CN¥830.1m (up 103% from 1Q 2023). Net loss: CN¥125.3m (loss narrowed 36% from 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.40b to CN¥3.28b. Losses expected to increase from CN¥1.05 per share to CN¥1.30. Semiconductor industry in China expected to see average net income growth of 58% next year. Consensus price target down from CN¥65.10 to CN¥62.70. Share price fell 5.7% to CN¥38.80 over the past week. Breakeven Date Change • Apr 04
Forecast to breakeven in 2026 The 3 analysts covering ASR Microelectronics expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 65% per year to 2025. The company is expected to make a profit of CN¥205.7m in 2026. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Reported Earnings • Apr 02
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: CN¥1.22 loss per share (further deteriorated from CN¥0.61 loss in FY 2022). Revenue: CN¥2.60b (up 22% from FY 2022). Net loss: CN¥505.8m (loss widened 101% from 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. Announcement • Mar 30
ASR Microelectronics Co., Ltd., Annual General Meeting, Apr 19, 2024 ASR Microelectronics Co., Ltd., Annual General Meeting, Apr 19, 2024, at 10:00 China Standard Time. Location: 8F, Building 10, No. 399, Keyuan Road, Free Trade Experimental Zone, Shanghai China Announcement • Mar 29
ASR Microelectronics Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 ASR Microelectronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 24
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: CN¥1.23 loss per share (further deteriorated from CN¥0.61 loss in FY 2022). Revenue: CN¥2.60b (up 22% from FY 2022). Net loss: CN¥510.9m (loss widened 103% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Price Target Changed • Feb 02
Price target decreased by 30% to CN¥65.10 Down from CN¥92.70, the current price target is provided by 1 analyst. New target price is 48% above last closing price of CN¥44.00. Stock is down 25% over the past year. The company is forecast to post a net loss per share of CN¥1.22 next year compared to a net loss per share of CN¥0.61 last year. Breakeven Date Change • Dec 08
No longer forecast to breakeven The 3 analysts covering ASR Microelectronics no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥269.3m in 2023. New consensus forecast suggests the company will make a loss of CN¥486.3m in 2023. New Risk • Nov 03
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥492m Forecast net loss in 2 years: CN¥30m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 02
Price target increased by 7.9% to CN¥68.35 Up from CN¥63.35, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥66.21. Stock is down 6.0% over the past year. The company is forecast to post a net loss per share of CN¥1.17 next year compared to a net loss per share of CN¥0.61 last year. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.29 loss per share (vs CN¥0.13 loss in 2Q 2022) Second quarter 2023 results: CN¥0.29 loss per share (further deteriorated from CN¥0.13 loss in 2Q 2022). Revenue: CN¥648.6m (up 24% from 2Q 2022). Net loss: CN¥140.3m (loss widened 151% from 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
ASR Microelectronics Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 ASR Microelectronics Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Major Estimate Revision • May 09
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥3.08b to CN¥2.54b. EPS estimate unchanged from -CN¥0.53 per share at last update. Semiconductor industry in China expected to see average net income growth of 68% next year. Consensus price target down from CN¥65.85 to CN¥62.35. Share price was steady at CN¥66.30 over the past week. Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥0.61 loss per share (vs CN¥1.57 loss in FY 2021) Full year 2022 results: CN¥0.61 loss per share (improved from CN¥1.57 loss in FY 2021). Revenue: CN¥2.14b (flat on FY 2021). Net loss: CN¥251.5m (loss narrowed 57% from FY 2021). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Reported Earnings • Mar 02
Full year 2022 earnings released: CN¥0.59 loss per share (vs CN¥1.57 loss in FY 2021) Full year 2022 results: CN¥0.59 loss per share (improved from CN¥1.57 loss in FY 2021). Revenue: CN¥2.14b (flat on FY 2021). Net loss: CN¥247.8m (loss narrowed 58% from FY 2021). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Announcement • Feb 15
ASR Microelectronics Co., Ltd. (SHSE:688220) announces an Equity Buyback for CNY 1,000 million worth of its shares. ASR Microelectronics Co., Ltd. (SHSE:688220) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The shares will be purchased at a price not exceeding CNY 88 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan in the future and will be transferred within three years after the implementation of share repurchase results and the announcement of share changes. If the company fails to complete the transfer within the prescribed time limit, it will perform the procedure of reducing the registered capital according to law, and the shares that have not been transferred will be cancelled. The program will be funded from company's over-raised funds. The program will be valid for 12 months. Major Estimate Revision • Feb 03
Consensus EPS estimates upgraded to CN¥0.61 loss, revenue downgraded The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast fell from CN¥2.28b to CN¥2.14b. 2022 losses expected to reduce from -CN¥0.72 to -CN¥0.61 per share. Semiconductor industry in China expected to see average net income growth of 43% next year. Consensus price target broadly unchanged at CN¥65.85. Share price rose 4.7% to CN¥58.92 over the past week. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman of the Board & GM Baojia Dai is the most experienced director on the board, commencing their role in 2015. Independent Director Ke Zhang 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. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.24 loss per share (vs CN¥0.30 loss in 3Q 2021) Third quarter 2022 results: CN¥0.24 loss per share (improved from CN¥0.30 loss in 3Q 2021). Revenue: CN¥502.8m (down 9.1% from 3Q 2021). Net loss: CN¥98.0m (loss narrowed 13% from 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. Breakeven Date Change • Oct 16
Forecast breakeven date pushed back to 2023 The analyst covering ASR Microelectronics previously expected the company to break even in 2022. New forecast suggests losses will reduce by 69% to 2022. The company is expected to make a profit of CN¥21.8m in 2023. Average annual earnings growth of 120% is required to achieve expected profit on schedule. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: CN¥0.08 loss per share (up from CN¥0.56 loss in 1Q 2021). Revenue: CN¥557.5m (up 49% from 1Q 2021). Net loss: CN¥32.3m (loss narrowed 85% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 74%, compared to a 44% growth forecast for the industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: CN¥1.52 loss per share (up from CN¥6.96 loss in FY 2020). Revenue: CN¥2.14b (up 98% from FY 2020). Net loss: CN¥573.3m (loss narrowed 75% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 68%, compared to a 55% growth forecast for the industry in China. Breakeven Date Change • Jan 14
Forecast to breakeven in 2022 The analyst covering ASR Microelectronics expects the company to break even for the first time. New forecast suggests the company will make a profit of CN¥2.41m in 2022. Average annual earnings growth of 105% is required to achieve expected profit on schedule. 
