Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥115, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 133x in the Semiconductor industry in China. Total returns to shareholders of 143% over the past three years. Announcement • Jun 30
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 New Risk • Jun 15
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 8.5% 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 High level of non-cash earnings (63% accrual ratio). Minor Risks Dividend is not well covered by cash flows (194% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥101, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 108x in the Semiconductor industry in China. Total returns to shareholders of 87% over the past three years. Declared Dividend • May 14
Dividend increased to CN¥2.00 Dividend of CN¥2.00 is 196% higher than last year. Ex-date: 18th May 2026 Payment date: 18th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but not covered by cash flows (194% cash payout ratio). The dividend has increased by an average of 16% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥134, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 103x in the Semiconductor industry in China. Total returns to shareholders of 79% over the past three years. Reported Earnings • Apr 09
Full year 2025 earnings released: EPS: CN¥11.75 (vs CN¥2.50 in FY 2024) Full year 2025 results: EPS: CN¥11.75 (up from CN¥2.50 in FY 2024). Revenue: CN¥1.84b (up 1.2% from FY 2024). Net income: CN¥1.42b (up 372% from FY 2024). Profit margin: 77% (up from 17% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Apr 08
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2026 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2026, at 15:00 China Standard Time. Location: Room 1301-1, Building A, No. 4068, Qiaoxiang Road, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥11.75 (vs CN¥2.50 in FY 2024) Full year 2025 results: EPS: CN¥11.75 (up from CN¥2.50 in FY 2024). Revenue: CN¥1.84b (up 1.2% from FY 2024). Net income: CN¥1.42b (up 372% from FY 2024). Profit margin: 77% (up from 17% in FY 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
Shenzhen Bluetrum Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 09, 2026 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 09, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥152, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 186% over the past three years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.66 (vs CN¥0.60 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.66 (up from CN¥0.60 in 3Q 2024). Revenue: CN¥489.8m (up 7.2% from 3Q 2024). Net income: CN¥80.1m (up 11% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Revenue is forecast to grow 25% 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 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 22
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 8.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥140, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 197% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥143 per share. Buy Or Sell Opportunity • Sep 15
Now 20% undervalued Over the last 90 days, the stock has risen 12% to CN¥114. The fair value is estimated to be CN¥143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 71% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥120, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 41x in the Semiconductor industry in China. Total returns to shareholders of 123% over the past three years. Announcement • Jun 30
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • May 14
Dividend increased to CN¥1.00 Dividend of CN¥1.00 is 20% higher than last year. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥2.50 (up from CN¥2.10 in FY 2023). Revenue: CN¥1.82b (up 26% from FY 2023). Net income: CN¥300.1m (up 19% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Apr 09
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2025 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 29, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥99.52, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 38x in the Semiconductor industry in China. Total returns to shareholders of 68% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.04 per share. Announcement • Mar 28
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shenzhen Bluetrum Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2025 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥136, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 84% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.39 per share. New Risk • Dec 04
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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥91.14, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 37x in the Semiconductor industry in China. Total returns to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥66.66 per share. Buy Or Sell Opportunity • Nov 13
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 62% to CN¥85.01. The fair value is estimated to be CN¥66.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.70 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.60 (down from CN¥0.70 in 3Q 2023). Revenue: CN¥457.0m (up 15% from 3Q 2023). Net income: CN¥72.1m (down 15% from 3Q 2023). Profit margin: 16% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses. 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. Buy Or Sell Opportunity • Oct 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to CN¥77.68. The fair value is estimated to be CN¥64.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 68%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥67.65, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 33x in the Semiconductor industry in China. Total returns to shareholders of 2.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.30 per share. 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 7.4% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 30
Shenzhen Bluetrum Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥52.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.58 per share. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to CN¥50.20. The fair value is estimated to be CN¥63.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has grown by 68%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: CN¥0.66 (vs CN¥0.53 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.66 (up from CN¥0.53 in 2Q 2023). Revenue: CN¥428.0m (up 24% from 2Q 2023). Net income: CN¥79.8m (up 27% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
Shenzhen Bluetrum Technology Co., Ltd. to Report First Half, 2024 Results on Aug 14, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.46 (up from CN¥0.41 in 1Q 2023). Revenue: CN¥362.9m (up 18% from 1Q 2023). Net income: CN¥54.9m (up 11% from 1Q 2023). Profit margin: 15% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. 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. Reported Earnings • Apr 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥2.10 (up from CN¥1.37 in FY 2022). Revenue: CN¥1.45b (up 34% from FY 2022). Net income: CN¥251.7m (up 79% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Apr 10
Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 30, 2024 Shenzhen Bluetrum Technology Co., Ltd., Annual General Meeting, Apr 30, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 29
Shenzhen Bluetrum Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Bluetrum Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 27
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥2.10 (up from CN¥1.37 in FY 2022). Revenue: CN¥1.45b (up 34% from FY 2022). Net income: CN¥252.3m (up 79% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. New Risk • Jan 25
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 6.3% 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: Major Risk High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.70 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.70 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥396.5m (up 69% from 3Q 2022). Net income: CN¥84.9m (up 242% from 3Q 2022). Profit margin: 21% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.59 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.53. Revenue: CN¥346.0m (up 11% from 2Q 2022). Net income: CN¥62.9m (up 18% from 2Q 2022). Profit margin: 18% (up from 17% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥82.62, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 35x in the Semiconductor industry in China. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: CN¥1.39 (vs CN¥2.55 in FY 2021) Full year 2022 results: EPS: CN¥1.39 (down from CN¥2.55 in FY 2021). Revenue: CN¥1.08b (down 3.9% from FY 2021). Net income: CN¥142.1m (down 38% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥77.09, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 67x in the Semiconductor industry in China. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: CN¥1.39 (vs CN¥2.55 in FY 2021) Full year 2022 results: EPS: CN¥1.39 (down from CN¥2.55 in FY 2021). Revenue: CN¥1.08b (down 3.9% from FY 2021). Net income: CN¥142.1m (down 38% from FY 2021). Profit margin: 13% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥58.13, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 54x in the Semiconductor industry in China. Buying Opportunity • Dec 22
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥65.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 144%. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥54.78, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 56x in the Semiconductor industry in China. Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.22. Net income: CN¥24.8m (up CN¥24.8m from 3Q 2021). Reported Earnings • Aug 29
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.59. Net income: CN¥53.2m (up CN¥53.2m from 2Q 2021). 
