Announcement • Jun 30
Hwatsing Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Hwatsing Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Jun 01
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 8.4% 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. 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, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 1 independent director (6 non-independent directors). Executive VP & Director Kun Li is the most experienced director on the board, commencing their role in 2020. Independent Director Hao Wang was the last independent director to join the board, commencing their role in 2026. 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 • Apr 23
Hwatsing Technology Co., Ltd., Annual General Meeting, May 13, 2026 Hwatsing Technology Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: Building 2, No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin China Announcement • Mar 30
Hwatsing Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 26
Hwatsing Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Hwatsing Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Hwatsing Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Hwatsing Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Hwatsing Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 29
Hwatsing Technology Co., Ltd., Annual General Meeting, May 20, 2025 Hwatsing Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Announcement • Apr 03
Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. completed the acquisition of an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion. Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. agreed to acquire an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion on December 24, 2024. A cash consideration of CNY 602.7 million will be paid by Hwatsing Technology Co., Ltd. Hwatsing Technology Co., Ltd. will pay an earnout/contingent payment of CNY 401.8 million cash. As part of consideration, CNY 1 billion is paid towards common equity of Xinyu Semiconductor (Shanghai) Co., Ltd. Upon completion, Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. will jointly own 100% stake in Xinyu Semiconductor (Shanghai) Co., Ltd. Internal funds will be used for the transaction.
As of May 31, 2024, Xinyu Semiconductor (Shanghai) Co., Ltd reported total assets of CNY 138.08 million and total common equity of CNY 74.63 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
Hwatsing Technology Co., Ltd. (SHSE:688120) and Hwatsing Technology (Shanghai) Semiconductor Co., Ltd. completed the acquisition of an additional 82% stake in Xinyu Semiconductor (Shanghai) Co., Ltd from a group of shareholders for approximately CNY 1 billion on December 24, 2024. Announcement • Mar 28
Hwatsing Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Hwatsing Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Hwatsing Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Buy Or Sell Opportunity • Nov 15
Now 21% undervalued Over the last 90 days, the stock has risen 34% to CN¥182. The fair value is estimated to be CN¥231, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥162, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 32x in the Semiconductor industry in China. Total returns to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥82.39 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥162, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Semiconductor industry in China. Total returns to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.09 per share. Announcement • Sep 30
Hwatsing Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Hwatsing Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Jun 29
Hwatsing Technology Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Hwatsing Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Buy Or Sell Opportunity • May 27
Now 20% overvalued Over the last 90 days, the stock has fallen 4.7% to CN¥181. The fair value is estimated to be CN¥151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Buy Or Sell Opportunity • May 09
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥184. The fair value is estimated to be CN¥152, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last year. Earnings per share has grown by 16%. Revenue is forecast to grow by 91% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Announcement • Apr 29
Hwatsing Technology Co., Ltd., Annual General Meeting, May 17, 2024 Hwatsing Technology Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: Building 2, No. 11, Juxing Road, Xianshuigu Town, Jinnan District, Tianjin China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥1.27 (vs CN¥1.22 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.27 (up from CN¥1.22 in 1Q 2023). Revenue: CN¥680.2m (up 10% from 1Q 2023). Net income: CN¥202.1m (up 4.3% from 1Q 2023). Profit margin: 30% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Mar 30
Hwatsing Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Hwatsing Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥4.58 (vs CN¥3.52 in FY 2022) Full year 2023 results: EPS: CN¥4.58 (up from CN¥3.52 in FY 2022). Revenue: CN¥2.51b (up 52% from FY 2022). Net income: CN¥727.3m (up 45% from FY 2022). Profit margin: 29% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥174, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Semiconductor industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥119 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: CN¥1.20 (vs CN¥0.99 in 3Q 2022) Third quarter 2023 results: EPS: CN¥1.20 (up from CN¥0.99 in 3Q 2022). Revenue: CN¥605.8m (up 46% from 3Q 2022). Net income: CN¥189.8m (up 21% from 3Q 2022). Profit margin: 31% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% 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¥1.13 (vs CN¥0.48 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.13 (up from CN¥0.48 in 2Q 2022). Revenue: CN¥618.3m (up 68% from 2Q 2022). Net income: CN¥180.2m (up 91% from 2Q 2022). Profit margin: 29% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. 
