Declared Dividend • Apr 27
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 22
First quarter 2026 earnings released: EPS: CN¥0.25 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.11 in 1Q 2025). Revenue: CN¥912.0m (up 47% from 1Q 2025). Net income: CN¥203.0m (up 122% from 1Q 2025). Profit margin: 22% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Allwinner Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Allwinner Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (119% cash payout ratio). Announcement • Mar 26
Allwinner Technology Co.,Ltd., Annual General Meeting, Apr 20, 2026 Allwinner Technology Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 9, Keji 2nd Road, Tangjiawan Town, Hi-tech Zone, Zhuhai, Guangdong China Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.20 in FY 2024) Full year 2025 results: EPS: CN¥0.32 (up from CN¥0.20 in FY 2024). Revenue: CN¥2.84b (up 24% from FY 2024). Net income: CN¥262.1m (up 57% from FY 2024). Profit margin: 9.2% (up from 7.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 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 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Allwinner Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Allwinner Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.039 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.039 in 3Q 2024). Revenue: CN¥823.6m (up 32% from 3Q 2024). Net income: CN¥117.3m (up 267% from 3Q 2024). Profit margin: 14% (up from 5.1% in 3Q 2024). Revenue is forecast to grow 22% 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 18% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 10
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 7.3% 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 Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Allwinner Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Allwinner Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.084 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.091. Revenue: CN¥717.2m (up 9.8% from 2Q 2024). Net income: CN¥69.6m (flat on 2Q 2024). Profit margin: 9.7% (down from 11% in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Jul 02
Allwinner Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Allwinner Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Declared Dividend • Apr 26
Dividend increased to CN¥0.25 Dividend of CN¥0.25 is 67% higher than last year. Ex-date: 30th April 2025 Payment date: 30th April 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.08 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.08 in 1Q 2024). Revenue: CN¥619.9m (up 51% from 1Q 2024). Net income: CN¥91.6m (up 87% from 1Q 2024). Profit margin: 15% (up from 12% in 1Q 2024). Revenue is forecast to grow 15% 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 fallen by 41% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Apr 22
Allwinner Technology Co.,Ltd. Approves Profit Distribution Plan Allwinner Technology Co.,Ltd. at its Annual General Meeting of 2024 on 18 April 2025, during which the following proposal(s) was/were approved: The detailed profit distribution plan is as follows: 1) Cash dividend per 10 shares (tax included): CNY 2.50000000. New Risk • Apr 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 208% Dividend yield: 0.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 208% Minor Risk Large one-off items impacting financial results. New Risk • Apr 01
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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Mar 31
Allwinner Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Allwinner Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Mar 29
Allwinner Technology Co.,Ltd. Proposes Final Cash Dividend for 2024 Allwinner Technology Co.,Ltd. announced on 28 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included) as CNY 2.50000000. Announcement • Mar 28
Allwinner Technology Co.,Ltd., Annual General Meeting, Apr 18, 2025 Allwinner Technology Co.,Ltd., Annual General Meeting, Apr 18, 2025, at 14:00 China Standard Time. Location: No. 9, Keji 2nd Road, Tangjiawan Town, Hi-tech Zone, Zhuhai, Guangdong China Reported Earnings • Mar 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.26 (up from CN¥0.04 in FY 2023). Revenue: CN¥2.29b (up 37% from FY 2023). Net income: CN¥166.7m (up CN¥143.7m from FY 2023). Profit margin: 7.3% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. 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. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. New Risk • Feb 07
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 11% 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 (11% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Dec 31
Allwinner Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Allwinner Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.004 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.05 (up from CN¥0.004 loss in 3Q 2023). Revenue: CN¥622.6m (up 40% from 3Q 2023). Net income: CN¥31.9m (up CN¥35.5m from 3Q 2023). Profit margin: 5.1% (up from net loss in 3Q 2023). Revenue is forecast to grow 21% 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 fallen by 60% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Sep 30
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 9.6% 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 (9.6% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
Allwinnertech Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Allwinnertech Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥23.70, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.90 per share. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.045 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.045 in 2Q 2023). Revenue: CN¥653.2m (up 50% from 2Q 2023). Net income: CN¥70.0m (up 186% from 2Q 2023). Profit margin: 11% (up from 5.6% in 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 10
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to CN¥25.20. The fair value is estimated to be CN¥20.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 179% in the next 2 years. Announcement • Jun 29
Allwinnertech Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Allwinnertech Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • Apr 29
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 6th May 2024 Payment date: 6th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 14% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 192% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Allwinnertech Technology Co.,Ltd. Announces Final Cash Dividend for the Year 2023, Payable on May 6, 2024 Allwinnertech Technology Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2023. Dividend payable on May 6, 2024, record date of April 30, 2024 and ex-date of May 6, 2024. Announcement • Apr 03
Allwinnertech Technology Co.,Ltd. Proposes Final Cash Dividend for 2023 Allwinnertech Technology Co.,Ltd. announced on 01 April 2024 the profit distribution proposal for 2023 as follows: final cash dividend per 10 shares (tax included) of CNY 1.50000000. Reported Earnings • Mar 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.04 (down from CN¥0.34 in FY 2022). Revenue: CN¥1.67b (up 11% from FY 2022). Net income: CN¥23.0m (down 89% from FY 2022). Profit margin: 1.4% (down from 14% in FY 2022). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 21% 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 fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.04 (down from CN¥0.34 in FY 2022). Revenue: CN¥1.67b (up 11% from FY 2022). Net income: CN¥23.0m (down 89% from FY 2022). Profit margin: 1.4% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 21% 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 48% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Dec 29
Allwinnertech Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 Allwinnertech Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.03 profit in 3Q 2022) Third quarter 2023 results: CN¥0.004 loss per share (down from CN¥0.03 profit in 3Q 2022). Revenue: CN¥445.3m (up 31% from 3Q 2022). Net loss: CN¥3.57m (down 119% from profit in 3Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 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 29% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.045 (down from CN¥0.20 in 2Q 2022). Revenue: CN¥437.0m (up 5.0% from 2Q 2022). Net income: CN¥24.5m (down 81% from 2Q 2022). Profit margin: 5.6% (down from 30% in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 06
Allwinnertech Technology Co.,Ltd. Approves Board Election Allwinnertech Technology Co.,Ltd. at EGM held on 03 July 2023 approved election of Ye Mao as non-independent director, Chen Yabin, Ran Maoliang and Wang Zhongwei as independent directors and Chen Huiheng and Zheng Qiong as non-employee supervisors. Announcement • Jul 01
Allwinnertech Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Allwinnertech Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Apr 22
First quarter 2023 earnings released: CN¥0.07 loss per share (vs CN¥0.12 profit in 1Q 2022) First quarter 2023 results: CN¥0.07 loss per share (down from CN¥0.12 profit in 1Q 2022). Revenue: CN¥238.5m (down 43% from 1Q 2022). Net loss: CN¥41.5m (down 154% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.79 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.79 in FY 2021). Revenue: CN¥1.51b (down 27% from FY 2021). Net income: CN¥211.4m (down 57% from FY 2021). Profit margin: 14% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 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. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ruizhi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.24 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.24 in 3Q 2021). Revenue: CN¥339.1m (down 36% from 3Q 2021). Net income: CN¥19.0m (down 87% from 3Q 2021). Profit margin: 5.6% (down from 28% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥416.3m (down 24% from 2Q 2021). Net income: CN¥126.2m (down 19% from 2Q 2021). Profit margin: 30% (up from 28% in 2Q 2021). Over the next year, revenue is forecast to grow 95%, compared to a 49% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥28.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 176% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥23.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 36x in the Semiconductor industry in China. Total returns to shareholders of 121% over the past three years. Buying Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥25.65, 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 grown by 53%. Revenue is forecast to grow by 72% in a year. Earnings is forecast to grow by 53% in the next year. Buying Opportunity • May 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥25.79, 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 grown by 53%. Revenue is forecast to grow by 72% in a year. Earnings is forecast to grow by 53% in the next year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.26 in 1Q 2021). Revenue: CN¥415.7m (down 17% from 1Q 2021). Net income: CN¥76.8m (down 11% from 1Q 2021). Profit margin: 19% (up from 17% in 1Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 72%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ruizhi Zhang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 23
Allwinnertech Technology Co.,Ltd. Proposes Cash Dividend on A Shares for the Year 2021, Payable on April 28, 2022 Allwinnertech Technology Co.,Ltd. proposed cash dividend per ten shares (tax included) on A shares of CNY 5.00000000 for the year 2021, payable on April 28, 2022. Record date to be April 27, 2022. Ex-date to be April 28, 2022. Announcement • Apr 19
Allwinnertech Technology Co.,Ltd. Approves Profit Distribution Plan for 2021 Allwinnertech Technology Co.,Ltd. approved cash dividend of CNY 5.00000000 per ten share (tax included) for 2021 at its Annual General Meeting held on 15 April 2022. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥43.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 90% over the past three years. Reported Earnings • Feb 21
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.50 (up from CN¥0.62 in FY 2020). Revenue: CN¥2.07b (up 37% from FY 2020). Net income: CN¥494.4m (up 142% from FY 2020). Profit margin: 24% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 60%, compared to a 56% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.27 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥533.1m (up 13% from 3Q 2020). Net income: CN¥146.9m (up 64% from 3Q 2020). Profit margin: 28% (up from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥546.6m (up 62% from 2Q 2020). Net income: CN¥155.9m (up 160% from 2Q 2020). Profit margin: 28% (up from 18% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥51.71, the stock trades at a forward P/E ratio of 72x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥97.49 per share. Announcement • May 18
Allwinnertech Technology Co.,Ltd. Announces 2020 Final Distribution, Payable on May 21, 2021 Allwinnertech Technology Co.,Ltd. announced 2020 final profit distribution plan to be implemented (A shares). Cash dividend/10 shares tax included: CNY 4.00000000. Record date: 20 May 2021. Ex-date: 21 May 2021. Payment date: 21 May 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥501.3m (up 92% from 1Q 2020). Net income: CN¥86.3m (up 232% from 1Q 2020). Profit margin: 17% (up from 9.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 45% share price gain to CN¥41.40, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.51b (up 2.9% from FY 2019). Net income: CN¥204.8m (up 52% from FY 2019). Profit margin: 14% (up from 9.2% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥28.33 The company is down 28% from its price of CN¥39.54 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.30 per share. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.41 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.51b (up 2.9% from FY 2019). Net income: CN¥204.8m (up 52% from FY 2019). Profit margin: 14% (up from 9.2% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 04
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 46%, compared to a 31% growth forecast for the Electronic industry in China. Announcement • Feb 25
Allwinnertech Technology Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Allwinnertech Technology Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 26
New 90-day low: CN¥30.21 The company is down 10.0% from its price of CN¥33.50 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.95 per share. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥31.83, the stock is trading at a trailing P/E ratio of 66.1x, down from the previous P/E ratio of 79.8x. This compares to an average P/E of 41x in the Electronic industry in China. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Dec 29
New 90-day low: CN¥32.21 The company is down 3.0% from its price of CN¥33.06 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.97 per share. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥32.56, the stock is trading at a trailing P/E ratio of 67.6x, down from the previous P/E ratio of 81.6x. This compares to an average P/E of 41x in the Electronic industry in China. Total returns to shareholders over the past three years are 17%. Is New 90 Day High Low • Dec 08
New 90-day high: CN¥38.51 The company is up 12% from its price of CN¥34.44 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥158.7m, up 27% from the prior year. Total revenue was CN¥1.47b over the last 12 months, up 5.2% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥32.94 The company is down 28% from its price of CN¥45.44 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Announcement • Oct 20
Allwinnertech Technology Co.,Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Allwinnertech Technology Co.,Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥33.06 The company is down 9.0% from its price of CN¥36.53 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Announcement • Aug 06
Allwinnertech Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Allwinnertech Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 25, 2020