ASR Microelectronics Full Year 2023 Earnings: In Line With Expectations

ASR Microelectronics (SHSE:688220) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.60b (up 22% from FY 2022).
• Net loss: CN¥505.8m (loss widened by 101% from FY 2022).
• CN¥1.22 loss per share (further deteriorated from CN¥0.61 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASR Microelectronics Earnings Insights

The primary driver behind last 12 months revenue was the Chip Products segment contributing a total revenue of CN¥2.25b (86% of total revenue). Notably, cost of sales worth CN¥2.01b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to CN¥1.12b (87% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥178.3m. Explore how 688220's revenue and expenses shape its earnings.

Looking ahead, 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.

Performance of the Chinese Semiconductor industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for ASR Microelectronics you should be aware of.

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