Announcement • Jun 30
Leaguer (Shenzhen) Microelectronics Corp. to Report First Half, 2026 Results on Aug 21, 2026 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report first half, 2026 results on Aug 21, 2026 Declared Dividend • Jun 08
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (333% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 270% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 25
First quarter 2026 earnings released: CN¥0.03 loss per share (vs CN¥0.083 profit in 1Q 2025) First quarter 2026 results: CN¥0.03 loss per share (down from CN¥0.083 profit in 1Q 2025). Revenue: CN¥70.0m (down 28% from 1Q 2025). Net loss: CN¥3.69m (down 129% from profit in 1Q 2025). 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 11% per year, which means it has not declined as severely as earnings. New Risk • Apr 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.7% net profit margin). Announcement • Mar 30
Leaguer (Shenzhen) Microelectronics Corp. to Report Q1, 2026 Results on Apr 25, 2026 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 113% Dividend yield: 1.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Profit margins are more than 30% lower than last year (5.7% net profit margin). Announcement • Mar 26
Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 16, 2026 Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 16, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.58 in FY 2024) Full year 2025 results: EPS: CN¥0.14 (down from CN¥0.58 in FY 2024). Revenue: CN¥357.9m (down 35% from FY 2024). Net income: CN¥20.9m (down 75% from FY 2024). Profit margin: 5.8% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% 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 • Dec 26
Leaguer (Shenzhen) Microelectronics Corp. to Report Fiscal Year 2025 Results on Mar 27, 2026 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.016 loss per share (vs CN¥0.057 profit in 3Q 2024) Third quarter 2025 results: CN¥0.016 loss per share (down from CN¥0.057 profit in 3Q 2024). Revenue: CN¥71.5m (down 38% from 3Q 2024). Net loss: CN¥2.47m (down 130% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% 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. Announcement • Sep 30
Leaguer (Shenzhen) Microelectronics Corp. to Report Q3, 2025 Results on Oct 15, 2025 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q3, 2025 results on Oct 15, 2025 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.06, the stock trades at a trailing P/E ratio of 51.3x. Average trailing P/E is 74x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years. Announcement • Jun 30
Leaguer (Shenzhen) Microelectronics Corp. to Report First Half, 2025 Results on Aug 28, 2025 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.19 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.19 in 1Q 2024). Revenue: CN¥97.8m (down 25% from 1Q 2024). Net income: CN¥12.6m (down 46% from 1Q 2024). Profit margin: 13% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Apr 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 7.9% 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. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥23.24, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 66x in the Semiconductor industry in China. Total loss to shareholders of 28% over the past three years. Announcement • Mar 28
Leaguer (Shenzhen) Microelectronics Corp. to Report Q1, 2025 Results on Apr 25, 2025 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Mar 27
Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 16, 2025 Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 16, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥0.70 (vs CN¥0.89 in FY 2023) Full year 2024 results: EPS: CN¥0.70 (down from CN¥0.89 in FY 2023). Revenue: CN¥548.8m (down 5.2% from FY 2023). Net income: CN¥84.9m (down 21% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.42, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 61x in the Semiconductor industry in China. Total loss to shareholders of 44% over the past three years. Announcement • Dec 27
Leaguer (Shenzhen) Microelectronics Corp. to Report Fiscal Year 2024 Results on Mar 27, 2025 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.44, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 68x in the Semiconductor industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Oct 19
Third quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.069 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥114.6m (down 41% from 3Q 2023). Net income: CN¥8.13m (down 74% from 3Q 2023). Profit margin: 7.1% (down from 16% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 19
Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announces an Equity Buyback for 512,820 shares, representing 0.43% of its issued share capital. Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announces a share repurchase program. Under the program, the company will repurchase up to 512,820 A shares, representing 0.43% of its issued share capital. The shares will be purchased at a price not exceeding CNY 39 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 6 months. 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 7.7% 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 (7.7% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Leaguer (Shenzhen) Microelectronics Corp. to Report Q3, 2024 Results on Oct 19, 2024 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q3, 2024 results on Oct 19, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥21.69, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 47x in the Semiconductor industry in China. Total loss to shareholders of 23% over the past three years. New Risk • Sep 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥133.6m (down 5.8% from 2Q 2023). Net income: CN¥18.9m (down 36% from 2Q 2023). Profit margin: 14% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Leaguer (Shenzhen) Microelectronics Corp. to Report First Half, 2024 Results on Aug 24, 2024 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report first half, 2024 results on Aug 24, 2024 Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.11, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 30x in the Semiconductor industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Apr 09
Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 29, 2024 Leaguer (Shenzhen) Microelectronics Corp., Annual General Meeting, Apr 29, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 29
Leaguer (Shenzhen) Microelectronics Corp. to Report Q1, 2024 Results on Apr 26, 2024 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.07 (up from CN¥0.75 in FY 2022). Revenue: CN¥579.2m (up 15% from FY 2022). Net income: CN¥106.9m (up 42% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.07 (up from CN¥0.75 in FY 2022). Revenue: CN¥579.2m (up 15% from FY 2022). Net income: CN¥107.0m (up 43% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 16%. 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. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announces an Equity Buyback for CNY 20 million worth of its shares. Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 46 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 6 months. New Risk • Feb 08
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 • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥27.88, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 3.1% over the past three years. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.19 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.19 in 3Q 2022). Revenue: CN¥195.6m (up 54% from 3Q 2022). Net income: CN¥30.8m (up 56% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (130% cash payout ratio). Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥141.8m (up 13% from 2Q 2022). Net income: CN¥29.3m (up 60% from 2Q 2022). Profit margin: 21% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.13 in 1Q 2022). Revenue: CN¥110.9m (up 14% from 1Q 2022). Net income: CN¥21.3m (up 58% from 1Q 2022). Profit margin: 19% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥51.74, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 69x in the Semiconductor industry in China. Total returns to shareholders of 38% over the past year. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.42 in FY 2021) Full year 2022 results: EPS: CN¥0.76 (up from CN¥0.42 in FY 2021). Revenue: CN¥503.8m (up 40% from FY 2021). Net income: CN¥76.1m (up 81% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.41, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 1.8% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Zhongxuan Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.011 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.011 in 3Q 2021). Revenue: CN¥126.7m (up 109% from 3Q 2021). Net income: CN¥19.7m (up CN¥18.5m from 3Q 2021). Profit margin: 16% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥34.06, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 48x in the Semiconductor industry in China. Total loss to shareholders of 1.0% over the past year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥37.51, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 56x in the Semiconductor industry in China. Total loss to shareholders of 20% over the past year. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.20 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19. Revenue: CN¥125.5m (up 28% from 2Q 2021). Net income: CN¥18.3m (up 23% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥41.48, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 59x in the Semiconductor industry in China. Total loss to shareholders of 5.3% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥41.81, the stock trades at a trailing P/E ratio of 77.1x. Average trailing P/E is 48x in the Semiconductor industry in China. Total returns to shareholders of 19% over the past year. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥97.4m (up 138% from 1Q 2021). Net income: CN¥13.5m (up CN¥12.2m from 1Q 2021). Profit margin: 14% (up from 3.1% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.42 (up from CN¥0.33 in FY 2020). Revenue: CN¥360.1m (up 67% from FY 2020). Net income: CN¥42.1m (up 52% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.011 (vs CN¥0.08 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥60.7m (up 99% from 3Q 2020). Net income: CN¥1.15m (up CN¥8.04m from 3Q 2020). Profit margin: 1.9% (up from net loss in 3Q 2020). Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥98.1m (up 3.5% from 2Q 2020). Net income: CN¥14.9m (down 19% from 2Q 2020). Profit margin: 15% (down from 20% in 2Q 2020). Announcement • Jun 10
Leaguer (Shenzhen) Microelectronics Corp. announced that it expects to receive CNY 300 million in funding Leaguer (Shenzhen) Microelectronics Corp. (SHSE:688589) announced a private placement of A shares for the gross proceeds of no more than CNY 300 million on June 8, 2021. The ordinary shares to be issued at par value of CNY 1 per share. The transaction will include participation from not more than 35 investors. The pricing base date for the issuance of stocks is the first day of the issuance period, and the issuance price shall not be less than 80% of the average stock trading price of the 20 trading days before the pricing base date. The shares to be issued to specific targets shall not be transferred within six months from the date of completion of the issuance. The transaction has been approved at sixth (temporary) meeting of the third board of directors and subject to approval from company's general meeting of shareholders. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.05 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥40.9m (up 96% from 1Q 2020). Net income: CN¥1.28m (up CN¥4.61m from 1Q 2020). Profit margin: 3.1% (up from net loss in 1Q 2020). Reported Earnings • Mar 22
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.59 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥215.6m (down 22% from FY 2019). Net income: CN¥27.8m (down 36% from FY 2019). Profit margin: 13% (down from 16% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥27.68 The company is down 41% from its price of CN¥46.83 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 7.0% over the same period. Announcement • Jan 22
Leaguer (Shenzhen) Microelectronics Corp. to Report Fiscal Year 2020 Results on Mar 22, 2021 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report fiscal year 2020 results on Mar 22, 2021 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥30.73, the stock is trading at a trailing P/E ratio of 60.6x, down from the previous P/E ratio of 74.6x. This compares to an average P/E of 77x in the Semiconductor industry in China. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥33.48 The company is down 34% from its price of CN¥50.83 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. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥40.65 The company is down 20% from its price of CN¥50.70 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥44.68 The company is down 15% from its price of CN¥52.29 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is flat over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥38.7m, up 1.0% from the prior year. Total revenue was CN¥260.9m over the last 12 months, up 2.5% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥47.81 The company is down 31% from its price of CN¥69.10 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 9.0% over the same period. Announcement • Oct 20
Leaguer (Shenzhen) Microelectronics Corp. to Report Q3, 2020 Results on Oct 26, 2020 Leaguer (Shenzhen) Microelectronics Corp. announced that they will report Q3, 2020 results on Oct 26, 2020 
