Announcement • Jun 30
JCET Group Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 JCET Group Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 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. This is currently the only risk that has been identified for the company. Declared Dividend • Jun 19
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 23rd June 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.7%. New Risk • May 25
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 8.5% 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 • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥66.22, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 61x in the Semiconductor industry in China. Total returns to shareholders of 129% over the past three years. Board Change • May 20
Less than half of directors are independent There are 8 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: 8 new directors. 2 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). CEO & Director Zheng Li is the most experienced director on the board, commencing their role in 2019. Executive VP & Non-Independent Director Qing Peng 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. Lack of experienced directors. Announcement • May 15
JCET Group Co., Ltd., Annual General Meeting, Jun 05, 2026 JCET Group Co., Ltd., Annual General Meeting, Jun 05, 2026, at 14:30 China Standard Time. Location: 2F, No. 78, Changshan Road, Jiangyin, Jiangsu China Announcement • Mar 30
JCET Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 JCET Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
JCET Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 JCET Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Announcement • Sep 30
JCET Group Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 JCET Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Jun 30
JCET Group Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 JCET Group Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Jun 24
JCET Group Co., Ltd.(SHSE:600584) dropped from Shanghai Stock Exchange 180 Value Index JCET Group Co., Ltd. has been removed form Shanghai Stock Exchange 180 Value Index . Announcement • Apr 21
JCET Group Co., Ltd., Annual General Meeting, May 15, 2025 JCET Group Co., Ltd., Annual General Meeting, May 15, 2025, at 10:00 China Standard Time. Location: 2F, D3, No. 78, Changshan Road, Jiangyin, Jiangsu China Announcement • Mar 28
JCET Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 JCET Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
JCET Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 JCET Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥46.55, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.12 per share. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥9.49b (up 15% from 3Q 2023). Net income: CN¥457.1m (down 4.4% from 3Q 2023). Profit margin: 4.8% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Sep 30
JCET Group Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 JCET Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.12, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 1.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.99 per share. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.22 in 2Q 2023). Revenue: CN¥8.64b (up 37% from 2Q 2023). Net income: CN¥484.1m (up 26% from 2Q 2023). Profit margin: 5.6% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% 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 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
JCET Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 JCET Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 21
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 13%. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.82 (vs CN¥1.82 in FY 2022) Full year 2023 results: EPS: CN¥0.82 (down from CN¥1.82 in FY 2022). Revenue: CN¥29.7b (down 12% from FY 2022). Net income: CN¥1.47b (down 55% from FY 2022). Profit margin: 5.0% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% 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 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Apr 20
JCET Group Co., Ltd., Annual General Meeting, May 16, 2024 JCET Group Co., Ltd., Annual General Meeting, May 16, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Buy Or Sell Opportunity • Apr 08
Now 22% undervalued Over the last 90 days, the stock has risen 1.2% to CN¥26.08. The fair value is estimated to be CN¥33.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 77% in the next 2 years. Announcement • Mar 29
JCET Group Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 JCET Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥30.68, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 33x in the Semiconductor industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.99 per share. Buy Or Sell Opportunity • Jan 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥24.62. The fair value is estimated to be CN¥31.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Announcement • Dec 29
JCET Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 JCET Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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 (6.0% net profit margin). New Risk • Oct 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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 (6.0% net profit margin). Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.39 in 2Q 2022). Revenue: CN¥6.31b (down 15% from 2Q 2022). Net income: CN¥385.7m (down 44% from 2Q 2022). Profit margin: 6.1% (down from 9.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% 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 increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 28
JCET Group Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 JCET Group Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.67, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 45x in the Semiconductor industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.65 per share. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥1.82 (vs CN¥1.72 in FY 2021) Full year 2022 results: EPS: CN¥1.82 (up from CN¥1.72 in FY 2021). Revenue: CN¥33.8b (up 11% from FY 2021). Net income: CN¥3.23b (up 9.2% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue is forecast to grow 7.4% 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 57% per year but the company’s share price has only increased by 15% 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. 11 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Qing Pan was the last independent director to join the board, commencing their role in 2019. 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 28
Third quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.45 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.51 (up from CN¥0.45 in 3Q 2021). Revenue: CN¥9.18b (up 13% from 3Q 2021). Net income: CN¥908.9m (up 15% from 3Q 2021). Profit margin: 9.9% (in line with 3Q 2021). Revenue is forecast to grow 9.1% 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 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.53 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.39 (down from CN¥0.53 in 2Q 2021). Revenue: CN¥7.46b (up 4.9% from 2Q 2021). Net income: CN¥682.0m (down 27% from 2Q 2021). Profit margin: 9.1% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, 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 91% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 08
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be CN¥33.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 1.4% in the next 2 years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.24 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.24 in 1Q 2021). Revenue: CN¥8.14b (up 21% from 1Q 2021). Net income: CN¥861.4m (up 123% from 1Q 2021). Profit margin: 11% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.5%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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: 3 independent directors. 6 non-independent directors. Independent Director Qing Pan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥1.72 (vs CN¥0.81 in FY 2020) Full year 2021 results: EPS: CN¥1.72 (up from CN¥0.81 in FY 2020). Revenue: CN¥30.5b (up 15% from FY 2020). Net income: CN¥2.96b (up 127% from FY 2020). Profit margin: 9.7% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 46% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥8.10b (up 19% from 3Q 2020). Net income: CN¥793.5m (up 99% from 3Q 2020). Profit margin: 9.8% (up from 5.9% 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 104% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS CN¥0.53 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥7.11b (up 13% from 2Q 2020). Net income: CN¥935.9m (up 303% from 2Q 2020). Profit margin: 13% (up from 3.7% in 2Q 2020). 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 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.24 (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¥6.71b (up 18% from 1Q 2020). Net income: CN¥386.2m (up 189% from 1Q 2020). Profit margin: 5.8% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥35.84 The company is down 14% from its price of CN¥41.81 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.90 per share. Is New 90 Day High Low • Jan 13
New 90-day high: CN¥46.37 The company is up 21% from its price of CN¥38.18 on 16 October 2020. The Chinese market is up 6.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.88 per share. Is New 90 Day High Low • Dec 03
New 90-day high: CN¥46.11 The company is up 21% from its price of CN¥38.21 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.80 per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 17% share price gain to CN¥44.73, the stock is trading at a trailing P/E ratio of 61.9x, up from the previous P/E ratio of 52.9x. This compares to an average P/E of 81x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 85%. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.03b, with earnings increasing by CN¥2.16b from the prior year. Total revenue was CN¥26.1b over the last 12 months, up 19% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 3.6% at CN¥6.79b. Revenue is forecast to grow 6.1% over the next year, compared to a 37% growth forecast for the Semiconductor industry in China.