Announcement • Jun 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report First Half, 2026 Results on Aug 31, 2026 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report first half, 2026 results on Aug 31, 2026 Declared Dividend • Jun 06
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. New Risk • Jun 01
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 10% 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. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Zhi Gang Fang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 13, 2026 Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 13, 2026, at 11:00 China Standard Time. Location: TC East Building, Wanxiang Business Center, Lane 206, Haojing Road, Minhang District, Shanghai China Announcement • Mar 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report Q1, 2026 Results on Apr 23, 2026 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 26
Dioo Microcircuits Co., Ltd. Jiangsu to Report Fiscal Year 2025 Results on Apr 23, 2026 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report Q3, 2025 Results on Oct 31, 2025 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report First Half, 2025 Results on Aug 23, 2025 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Apr 26
Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 16, 2025 Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 16, 2025, at 11:00 China Standard Time. Location: Building TC East, Lane 206, Haojing Road, Minhang District, Shanghai China Announcement • Mar 28
Dioo Microcircuits Co., Ltd. Jiangsu to Report Q1, 2025 Results on Apr 26, 2025 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Dioo Microcircuits Co., Ltd. Jiangsu to Report Fiscal Year 2024 Results on Apr 26, 2025 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report fiscal year 2024 results on Apr 26, 2025 Announcement • Dec 04
Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces an Equity Buyback for CNY 200 million worth of its shares. Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces a share repurchase program. Under the program, the company will repurchase up to 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 41.68 per share. The shares purchased will be used for the company's equity incentive plan/employee stock ownership plan. If the company fails to use the shares for above purpose within three years after the completion of the repurchase of shares, the company will promptly perform the relevant review procedures, cancel the repurchased shares that have not been transferred, and reduce the registered capital accordingly. The program will be funded out of the company's own funds and special loans for CNY 140 million from China Merchants Bank Co., Ltd. Shanghai Branch. The program will be valid till 12 months. Announcement • Nov 02
Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces an Equity Buyback for 1,439,500 shares, representing 0.58% of its issued share capital. Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces a share repurchase program. Under the program, the company will repurchase up to1,439,500 class A shares, representing 0.58% of its share capital. The shares will be repurchased at a price of not more than CNY 41.68 per share. The shares purchased will be used for the company's equity incentive plan/employee stock ownership plan. The program will be funded out of the company's own funds. The program will be valid till 12 months. 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: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 58x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.035 loss per share (vs CN¥0.016 profit in 3Q 2023) Third quarter 2024 results: CN¥0.035 loss per share (down from CN¥0.016 profit in 3Q 2023). Revenue: CN¥144.1m (up 25% from 3Q 2023). Net loss: CN¥8.43m (down 305% from profit in 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Announcement • Sep 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report Q3, 2024 Results on Oct 26, 2024 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report Q3, 2024 results on Oct 26, 2024 Buy Or Sell Opportunity • Sep 28
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to CN¥17.40. The fair value is estimated to be CN¥14.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has declined by 85%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 968% in the next 2 years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.044 (vs CN¥0.075 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.044 (down from CN¥0.075 in 2Q 2023). Revenue: CN¥137.6m (up 31% from 2Q 2023). Net income: CN¥10.7m (down 44% from 2Q 2023). Profit margin: 7.8% (down from 18% in 2Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
Dioo Microcircuits Co., Ltd. Jiangsu to Report First Half, 2024 Results on Aug 17, 2024 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report first half, 2024 results on Aug 17, 2024 Announcement • Apr 29
Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 17, 2024 Dioo Microcircuits Co., Ltd. Jiangsu, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: Building TC East, Lane 206, Haojing Road, Minhang District, Shanghai China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.065 (up from CN¥0.04 in 1Q 2023). Revenue: CN¥128.3m (up 70% from 1Q 2023). Net income: CN¥16.1m (up 61% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Announcement • Mar 30
Dioo Microcircuits Co., Ltd. Jiangsu to Report Q1, 2024 Results on Apr 27, 2024 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.83 in FY 2022) Full year 2023 results: EPS: CN¥0.06 (down from CN¥0.83 in FY 2022). Revenue: CN¥381.5m (down 24% from FY 2022). Net income: CN¥15.0m (down 91% from FY 2022). Profit margin: 3.9% (down from 35% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. New Risk • Feb 05
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 6.6% 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: 143% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥13.98, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 70% over the past year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.20 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.20 in 3Q 2022). Revenue: CN¥115.2m (up 6.1% from 3Q 2022). Net income: CN¥4.12m (down 90% from 3Q 2022). Profit margin: 3.6% (down from 38% in 3Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Announcement • Sep 01
Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces an Equity Buyback for CNY 200 million worth of its shares. Dioo Microcircuits Co., Ltd. Jiangsu (SHSE:688381) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The program is valid for 12 months. New Risk • Aug 13
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: 21% Last year net profit margin: 39% 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 Dividend is not well covered by cash flows (353% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (21% net profit margin). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CN¥0.075 (vs CN¥0.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.075 (down from CN¥0.29 in 2Q 2022). Revenue: CN¥105.0m (down 21% from 2Q 2022). Net income: CN¥19.0m (down 66% from 2Q 2022). Profit margin: 18% (down from 42% in 2Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Announcement • Jun 28
Dioo Microcircuits Co., Ltd. Jiangsu to Report First Half, 2023 Results on Aug 12, 2023 Dioo Microcircuits Co., Ltd. Jiangsu announced that they will report first half, 2023 results on Aug 12, 2023 Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.34 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.34 in 1Q 2022). Revenue: CN¥75.6m (down 53% from 1Q 2022). Net income: CN¥9.99m (down 85% from 1Q 2022). Profit margin: 13% (down from 40% in 1Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥49.17, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 54x in the Semiconductor industry in China.