Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Zuo Xiang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 14
Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 07, 2026 Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 07, 2026, at 15:00 China Standard Time. Location: Building 14, Yard No. 10, Xibeiwang East Road, Haidian District, Beijing China Announcement • Mar 31
Ingenic Semiconductor Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ingenic Semiconductor Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Ingenic Semiconductor Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Ingenic Semiconductor Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
Ingenic Semiconductor Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Ingenic Semiconductor Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Ingenic Semiconductor Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Ingenic Semiconductor Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 22
Ingenic Semiconductor Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Ingenic Semiconductor Co.,Ltd. proposed final cash dividend of CNY 1.000000 per 10 shares (tax included) for the year 2024. Announcement • Apr 20
Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 12, 2025 Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: Building 14, East Area, Yard No. 10, Xibeiwang East Road, Haidian District, Beijing China Announcement • Mar 31
Ingenic Semiconductor Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Ingenic Semiconductor Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Ingenic Semiconductor Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Ingenic Semiconductor Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.30 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.09b (down 8.7% from 3Q 2023). Net income: CN¥106.9m (down 27% from 3Q 2023). Profit margin: 9.8% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥66.12, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Semiconductor industry in China. Total loss to shareholders of 45% over the past three years. 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 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Ingenic Semiconductor Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Ingenic Semiconductor Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥54.18, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.51 per share. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.22 in 2Q 2023). Revenue: CN¥1.10b (down 4.5% from 2Q 2023). Net income: CN¥110.2m (up 2.6% from 2Q 2023). Profit margin: 10.0% (in line with 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, earnings per share has fallen by 17% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Ingenic Semiconductor Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Ingenic Semiconductor Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Board Change • May 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jinfu Ye was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 24
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 150% higher than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 124% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥2.23 (vs CN¥1.64 in FY 2022) Full year 2023 results: EPS: CN¥2.23 (up from CN¥1.64 in FY 2022). Revenue: CN¥9.06b (up 67% from FY 2022). Net income: CN¥1.07b (up 36% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in China are expected to grow by 23%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 13
Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 13, 2024 Ingenic Semiconductor Co.,Ltd., Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Announcement • Mar 30
Ingenic Semiconductor Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Ingenic Semiconductor Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥61.52, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 29x in the Semiconductor industry in China. Total loss to shareholders of 5.6% over the past three years. Announcement • Dec 30
Ingenic Semiconductor Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Ingenic Semiconductor Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 New Risk • Oct 27
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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.2% net profit margin). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.46 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥1.20b (down 15% from 3Q 2022). Net income: CN¥146.3m (down 34% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.58 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.58 in 2Q 2022). Revenue: CN¥1.15b (down 17% from 2Q 2022). Net income: CN¥107.5m (down 62% from 2Q 2022). Profit margin: 9.3% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% 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 increased by 48% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Jul 27
High number of new directors Supervisor Kun Wang was the last director to join the board, commencing their role in 2022. Announcement • May 23
Ingenic Semiconductor Co.,Ltd. Approves Cash Dividend for 2022 Ingenic Semiconductor Co.,Ltd. at its AGM held on May 19, 2023 approved Cash dividend/10 shares (tax included): CNY 0.80000000 for 2022. Reported Earnings • Apr 10
Full year 2022 earnings released: EPS: CN¥1.64 (vs CN¥1.97 in FY 2021) Full year 2022 results: EPS: CN¥1.64 (down from CN¥1.97 in FY 2021). Revenue: CN¥5.41b (up 2.6% from FY 2021). Net income: CN¥789.2m (down 15% from FY 2021). Profit margin: 15% (down from 18% in FY 2021). Revenue is forecast to grow 23% 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 increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥100, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 4.3% over the past three years. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jinfu Ye was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.60 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.46 (down from CN¥0.60 in 3Q 2021). Revenue: CN¥1.41b (down 2.9% from 3Q 2021). Net income: CN¥220.7m (down 21% from 3Q 2021). Profit margin: 16% (down from 19% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.58 (vs CN¥0.50 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.58 (up from CN¥0.50 in 2Q 2021). Revenue: CN¥1.39b (up 9.7% from 2Q 2021). Net income: CN¥279.3m (up 19% from 2Q 2021). Profit margin: 20% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 35%, compared to a 46% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 90% 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 • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥102, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 247% over the past three years. Board Change • May 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jinfu Ye was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥95.96, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 35x in the Semiconductor industry in China. Total returns to shareholders of 222% over the past three years. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.26 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.26 in 1Q 2021). Revenue: CN¥1.41b (up 32% from 1Q 2021). Net income: CN¥231.7m (up 92% from 1Q 2021). Profit margin: 16% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 32%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.98 (up from CN¥0.21 in FY 2020). Revenue: CN¥5.27b (up 143% from FY 2020). Net income: CN¥932.6m (up CN¥859.4m from FY 2020). Profit margin: 18% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 28%, compared to a 54% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥110, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 43x in the Semiconductor industry in China. Total returns to shareholders of 477% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.60 (vs CN¥0.024 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.46b (up 67% from 3Q 2020). Net income: CN¥280.3m (up CN¥269.3m from 3Q 2020). Profit margin: 19% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CN¥0.50 (vs CN¥0.005 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.27b (up 326% from 2Q 2020). Net income: CN¥234.6m (up CN¥235.6m from 2Q 2020). Profit margin: 19% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.062 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.07b (up CN¥1.01b from 1Q 2020). Net income: CN¥120.4m (up CN¥107.9m from 1Q 2020). Profit margin: 11% (down from 22% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 43% per year. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.29 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥2.17b (up CN¥1.83b from FY 2019). Net income: CN¥73.2m (up 25% from FY 2019). Profit margin: 3.4% (down from 17% in FY 2019). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥62.00 The company is down 37% from its price of CN¥97.79 on 10 December 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 down 8.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥69.54 The company is down 1.0% from its price of CN¥70.45 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: CN¥101 The company is up 23% from its price of CN¥82.25 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% 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¥16.2m, down 72% from the prior year. Total revenue was CN¥1.33b over the last 12 months, up 290% from the prior year. Is New 90 Day High Low • Oct 24
New 90-day low: CN¥74.70 The company is down 14% from its price of CN¥86.53 on 24 July 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 down 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥80.97 The company is down 22% from its price of CN¥104 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 8.0% over the same period. 
