New Risk • May 14
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 8.4% 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: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥21m net loss in 2 years). Share price has been volatile over the past 3 months (8.4% average weekly change). Breakeven Date Change • May 05
Forecast to breakeven in 2028 The analyst covering Smarter Microelectronics (Guangzhou) expects the company to break even for the first time. New forecast suggests the company will make a profit of CN¥34.1m in 2028. Average annual earnings growth of 94% is required to achieve expected profit on schedule. New Risk • May 04
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¥229m 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. Announcement • Apr 29
Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 20, 2026 Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 11, No. 1565, Kaichuang Avenue, Huangpu District, Guangzhou, Guangdong China Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.49 loss per share (improved from CN¥0.96 loss in FY 2024). Revenue: CN¥807.3m (up 54% from FY 2024). Net loss: CN¥229.0m (loss narrowed 48% from FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Semiconductor industry in China. Announcement • Mar 30
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.49 loss per share (improved from CN¥0.96 loss in FY 2024). Revenue: CN¥811.3m (up 55% from FY 2024). Net loss: CN¥226.7m (loss narrowed 48% from FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Announcement • Dec 26
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.12 loss per share (vs CN¥0.25 loss in 3Q 2024) Third quarter 2025 results: CN¥0.12 loss per share (improved from CN¥0.25 loss in 3Q 2024). Revenue: CN¥213.3m (up 64% from 3Q 2024). Net loss: CN¥57.1m (loss narrowed 50% from 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Announcement • Sep 30
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Breakeven Date Change • May 05
Forecast to breakeven in 2027 The analyst covering Smarter Microelectronics (Guangzhou) expects the company to break even for the first time. New forecast suggests losses will reduce by 48% per year to 2026. The company is expected to make a profit of CN¥6.60m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule. New Risk • May 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¥438m Forecast net loss in 2 years: CN¥88m 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥88m net loss in 2 years). Breakeven Date Change • Apr 29
Forecast to breakeven in 2027 The analyst covering Smarter Microelectronics (Guangzhou) expects the company to break even for the first time. New forecast suggests losses will reduce by 48% per year to 2026. The company is expected to make a profit of CN¥6.60m in 2027. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Reported Earnings • Apr 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.96 loss per share (further deteriorated from CN¥0.95 loss in FY 2023). Revenue: CN¥524.0m (down 5.1% from FY 2023). Net loss: CN¥438.4m (loss widened 7.3% from FY 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Apr 28
Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 30, 2025 Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 30, 2025, at 14:00 China Standard Time. Location: 8F, Building C2, No. 182, Kexue Avenue, Science City, High-tech Industrial Development Zone, Guangzhou, Guangdong China Announcement • Mar 28
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.96 loss per share (further deteriorated from CN¥0.95 loss in FY 2023). Revenue: CN¥524.0m (down 5.1% from FY 2023). Net loss: CN¥439.9m (loss widened 7.7% from FY 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Dec 27
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Major Estimate Revision • Nov 06
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥611.0m to CN¥537.3m. Forecast losses increased from -CN¥0.82 to -CN¥0.85 per share. Semiconductor industry in China expected to see average net income growth of 58% next year. Consensus price target up from CN¥10.00 to CN¥11.00. Share price rose 33% to CN¥11.95 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.25 loss per share (vs CN¥0.29 loss in 3Q 2023) Third quarter 2024 results: CN¥0.25 loss per share (improved from CN¥0.29 loss in 3Q 2023). Revenue: CN¥130.3m (down 13% from 3Q 2023). Net loss: CN¥114.9m (loss narrowed 15% from 3Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Sep 30
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Jul 25
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 9.1% 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 (9.1% average weekly change). Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (CN¥129m net loss in 2 years). Announcement • Jun 28
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Major Estimate Revision • May 05
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥917.3m to CN¥698.9m. Forecast losses increased from -CN¥0.38 to -CN¥0.64 per share. Semiconductor industry in China expected to see average net income growth of 58% next year. Consensus price target down from CN¥20.20 to CN¥15.40. Share price was steady at CN¥9.94 over the past week. Announcement • Apr 30
Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 24, 2024 Smarter Microelectronics (Guangzhou) Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: 9F, Building 1, Lane 5005, Shenjiang Road, Pudong New Area, Shanghai China Reported Earnings • Apr 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: CN¥0.95 loss per share (further deteriorated from CN¥0.77 loss in FY 2022). Revenue: CN¥552.0m (up 55% from FY 2022). Net loss: CN¥408.5m (loss widened 34% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Mar 30
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Feb 01
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¥338m Forecast net loss in 2 years: CN¥79m 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. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (CN¥79m net loss in 2 years). Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • Nov 01
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 8.2% 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 (8.2% average weekly change). Minor Risks Less than 3 years of financial data is available. Currently unprofitable and not forecast to become profitable over next 2 years (CN¥18m net loss in 2 years). Announcement • Jun 28
Smarter Microelectronics (Guangzhou) Co., Ltd. to Report First Half, 2023 Results on Aug 28, 2023 Smarter Microelectronics (Guangzhou) Co., Ltd. announced that they will report first half, 2023 results on Aug 28, 2023 
