Announcement • Jun 30
Wuxi ETEK Microelectronics Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 18
Bocheng Weilai (Zhuhai) Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 10% stake in Wuxi ETEK Microelectronics Co.,Ltd. (SHSE:688601) from Wuxi Yijing Investment Co., Ltd for approximately CNY 550 million. Bocheng Weilai (Zhuhai) Investment Partnership Enterprise (Limited Partnership) agreed to acquire 10% stake in Wuxi ETEK Microelectronics Co.,Ltd. (SHSE:688601) from Wuxi Yijing Investment Co., Ltd. for approximately CNY 550 million on May 10, 2026. A cash consideration valued at CNY 41.38 per share will be paid by Bocheng Weilai (Zhuhai) Investment Partnership Enterprise (Limited Partnership). After sale Wuxi Yijing Investment Co., Ltd. will hold 27.27%.
Bocheng Weilai (Zhuhai) Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 10% stake in Wuxi ETEK Microelectronics Co.,Ltd. (SHSE:688601) from Wuxi Yijing Investment Co., Ltd. on June 15, 2026. New Risk • May 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 8.2% 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 Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin). Announcement • Apr 13
Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2026 Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi New District, Jiangsu China Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.28 (down from CN¥0.94 in FY 2024). Revenue: CN¥768.5m (down 2.4% from FY 2024). Net income: CN¥37.1m (down 71% from FY 2024). Profit margin: 4.8% (down from 16% in FY 2024). Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the last 3 years on average, earnings per share has fallen by 23% 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 • Mar 30
Wuxi ETEK Microelectronics Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.27 (down from CN¥0.94 in FY 2024). Revenue: CN¥768.5m (down 2.4% from FY 2024). Net income: CN¥35.7m (down 72% from FY 2024). Profit margin: 4.6% (down from 16% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 89%. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to CN¥56.54. The fair value is estimated to be CN¥45.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 85% in a year. Earnings are forecast to grow by 580% in the next year. Announcement • Dec 26
Wuxi ETEK Microelectronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 New Risk • Dec 17
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 7.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 122% Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.16 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.091 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥213.1m (up 10% from 3Q 2024). Net income: CN¥12.1m (down 45% from 3Q 2024). Profit margin: 5.7% (down from 11% in 3Q 2024). Revenue is forecast to grow 38% 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 18% 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 • Sep 30
Wuxi ETEK Microelectronics Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% 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. Profit margins are more than 30% lower than last year (8.8% net profit margin). Announcement • Jun 30
Wuxi ETEK Microelectronics Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Buy Or Sell Opportunity • Jun 06
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to CN¥36.80. The fair value is estimated to be CN¥30.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 78% in a year. Earnings are forecast to grow by 313% in the next year. Buy Or Sell Opportunity • May 06
Now 22% overvalued Over the last 90 days, the stock has fallen 7.7% to CN¥37.51. The fair value is estimated to be CN¥30.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 78% in a year. Earnings are forecast to grow by 313% in the next year. New Risk • May 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (11% net profit margin). New Risk • Apr 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Apr 14
Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2025 Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi New District, Jiangsu China Reported Earnings • Apr 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.94 (down from CN¥1.50 in FY 2023). Revenue: CN¥787.5m (down 11% from FY 2023). Net income: CN¥125.9m (down 37% from FY 2023). Profit margin: 16% (down from 23% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 27% p.a. on average during the next 2 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 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Apr 11
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥38.50. The fair value is estimated to be CN¥31.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 81% in 2 years. Earnings are forecast to grow by 202% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥32.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.84 per share. Announcement • Mar 28
Wuxi ETEK Microelectronics Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.94 (down from CN¥1.50 in FY 2023). Revenue: CN¥787.5m (down 11% from FY 2023). Net income: CN¥126.2m (down 37% from FY 2023). Profit margin: 16% (down from 23% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 27% 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 fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Dec 27
Wuxi ETEK Microelectronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Buy Or Sell Opportunity • Dec 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to CN¥44.90. The fair value is estimated to be CN¥36.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 102% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥55.44, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.81 per share. Buy Or Sell Opportunity • Nov 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to CN¥43.36. The fair value is estimated to be CN¥35.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 102% in the next 2 years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.38 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.38 in 3Q 2023). Revenue: CN¥193.4m (down 26% from 3Q 2023). Net income: CN¥22.1m (down 56% from 3Q 2023). Profit margin: 11% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 18
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to CN¥47.32. The fair value is estimated to be CN¥35.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥43.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.82 per share. Announcement • Sep 30
Wuxi ETEK Microelectronics Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Buy Or Sell Opportunity • Sep 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to CN¥43.56. The fair value is estimated to be CN¥36.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. 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¥38.18, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 47% over the past three years. Announcement • Sep 20
Wuxi ETEK Microelectronics Co.,Ltd. (SHSE:688601) announces an Equity Buyback for CNY 80 million worth of its shares. Dezhou United Petroleum Technology Co.,Ltd. (SZSE:301158) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The repurchase price will not more than CNY 52.02 per Share. The repurchased shares will be used to maintain the company's value and shareholders' interests. The repurchases will be funded using the company’s own funds or loans from financial institutions. The repurchase period will be not more than 3 months. Reported Earnings • Sep 04
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥191.1m (down 2.0% from 2Q 2023). Net income: CN¥24.9m (down 39% from 2Q 2023). Profit margin: 13% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 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 3% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Wuxi ETEK Microelectronics Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 18
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.50 (up from CN¥1.09 in FY 2022). Revenue: CN¥886.8m (up 16% from FY 2022). Net income: CN¥200.5m (up 37% from FY 2022). Profit margin: 23% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Apr 16
Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2024 Wuxi ETEK Microelectronics Co.,Ltd., Annual General Meeting, May 06, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Announcement • Mar 29
Wuxi ETEK Microelectronics Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥54.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 5.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.13 per share. Major Estimate Revision • Mar 03
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.17b to CN¥1.10b. EPS estimate also fell from CN¥2.46 per share to CN¥2.11 per share. Net income forecast to grow 41% next year vs 68% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥38.40. Share price rose 17% to CN¥54.15 over the past week. Buy Or Sell Opportunity • Feb 29
Now 26% overvalued Over the last 90 days, the stock has fallen 4.5% to CN¥51.87. The fair value is estimated to be CN¥41.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Reported Earnings • Feb 27
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.50 (up from CN¥1.09 in FY 2022). Revenue: CN¥887.2m (up 16% from FY 2022). Net income: CN¥199.8m (up 37% from FY 2022). Profit margin: 23% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥44.04, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.17 per share. 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¥36.43, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Semiconductor industry in China. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.94 per share. Price Target Changed • Nov 20
Price target increased by 15% to CN¥39.00 Up from CN¥34.00, the current price target is provided by 1 analyst. New target price is 33% below last closing price of CN¥57.99. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.09 last year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.21 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.38 (up from CN¥0.21 in 3Q 2022). Revenue: CN¥261.7m (up 83% from 3Q 2022). Net income: CN¥50.1m (up 80% from 3Q 2022). Profit margin: 19% (in line with 3Q 2022). 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. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.46 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.46 in 2Q 2022). Revenue: CN¥195.0m (down 5.9% from 2Q 2022). Net income: CN¥40.8m (down 34% from 2Q 2022). Profit margin: 21% (down from 30% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
Wuxi ETEK Microelectronics Co.,Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Wuxi ETEK Microelectronics Co.,Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Price Target Changed • Jun 07
Price target decreased by 33% to CN¥30.63 Down from CN¥45.64, the current price target is provided by 1 analyst. New target price is 39% below last closing price of CN¥50.48. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.36 for next year compared to CN¥1.09 last year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CN¥50.48, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 41x in the Semiconductor industry in China. Total loss to shareholders of 52% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.13 per share. Major Estimate Revision • May 27
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥2.43 to CN¥2.02. Revenue forecast unchanged from CN¥821.6m at last update. Net income forecast to grow 87% next year vs 62% growth forecast for Semiconductor industry in China. Consensus price target of CN¥68.00 unchanged from last update. Share price was steady at CN¥75.54 over the past week. Major Estimate Revision • May 27
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥2.43 to CN¥2.02. Revenue forecast unchanged from CN¥821.6m at last update. Net income forecast to grow 87% next year vs 62% growth forecast for Semiconductor industry in China. Consensus price target of CN¥68.00 unchanged from last update. Share price was steady at CN¥75.54 over the past week. Major Estimate Revision • May 05
Consensus revenue estimates decrease by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥1.04b to CN¥821.7m. EPS estimate unchanged from CN¥2.43 per share at last update. Semiconductor industry in China expected to see average net income growth of 72% next year. Consensus price target broadly unchanged at CN¥68.00. Share price fell 5.3% to CN¥71.81 over the past week. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥77.13, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 44x in the Semiconductor industry in China. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.19 per share. Reported Earnings • Apr 13
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥1.55 (down from CN¥2.03 in FY 2021). Revenue: CN¥767.5m (flat on FY 2021). Net income: CN¥138.6m (down 13% from FY 2021). Profit margin: 18% (down from 21% in FY 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Semiconductor industry in China. Price Target Changed • Mar 22
Price target increased by 19% to CN¥84.75 Up from CN¥71.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥85.18. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥2.44 for next year compared to CN¥1.55 last year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥87.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.95 per share. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥2.03 in FY 2021) Full year 2022 results: EPS: CN¥1.55 (down from CN¥2.03 in FY 2021). Revenue: CN¥767.5m (flat on FY 2021). Net income: CN¥138.6m (down 13% from FY 2021). Profit margin: 18% (down from 21% in 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. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥82.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.33 per share. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥72.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.42 per share. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (3 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥69.56, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 30x in the Semiconductor industry in China. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥60.97 per share. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥121, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 39x in the Semiconductor industry in China. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥118 per share. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥153, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 38x in the Semiconductor industry in China. Total loss to shareholders of 6.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥111 per share. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥150, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 35x in the Semiconductor industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥111 per share. 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. 4 experienced directors. No highly experienced directors. No independent directors (3 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 • Apr 12
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥2.84 (up from CN¥1.39 in FY 2020). Revenue: CN¥773.6m (up 43% from FY 2020). Net income: CN¥159.2m (up 138% from FY 2020). Profit margin: 21% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 46%, compared to a 47% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥154, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 41x in the Semiconductor industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥99.99 per share. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥136, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 41x in the Semiconductor industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥104 per share. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥157, the stock trades at a forward P/E ratio of 75x. Average forward P/E is 54x in the Semiconductor industry in China.