Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥50.75, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 33x in the Electronic industry in China. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.33 per share. Price Target Changed • Apr 27
Price target decreased by 9.5% to CN¥70.32 Down from CN¥77.71, the current price target is an average from 2 analysts. New target price is 32% above last closing price of CN¥53.36. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥0.76 last year. Declared Dividend • Apr 27
Dividend of CN¥0.15 announced Shareholders will receive a dividend of CN¥0.15. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 35% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 141% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.01 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.01 (down from CN¥0.11 in 1Q 2025). Revenue: CN¥51.1m (down 42% from 1Q 2025). Net income: CN¥2.55m (down 94% from 1Q 2025). Profit margin: 5.0% (down from 51% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in China. Announcement • Mar 30
Anhui XDLK Microsystem Corporation Limited to Report Q1, 2026 Results on Apr 24, 2026 Anhui XDLK Microsystem Corporation Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.76 (up from CN¥0.56 in FY 2024). Revenue: CN¥523.7m (up 30% from FY 2024). Net income: CN¥303.4m (up 37% from FY 2024). Profit margin: 58% (up from 55% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Announcement • Mar 23
Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Apr 15, 2026 Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Apr 15, 2026, at 14:00 China Standard Time. Location: 19F, Tower A, No. 7, Zhichun Road, Haidian District, Beijing China Announcement • Dec 26
Anhui XDLK Microsystem Corporation Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Anhui XDLK Microsystem Corporation Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21. Revenue: CN¥147.9m (up 10% from 3Q 2024). Net income: CN¥84.4m (up 3.4% from 3Q 2024). Profit margin: 57% (down from 61% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Announcement • Sep 30
Anhui XDLK Microsystem Corporation Limited to Report Q3, 2025 Results on Oct 29, 2025 Anhui XDLK Microsystem Corporation Limited announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.14 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.14 in 2Q 2024). Revenue: CN¥165.2m (up 44% from 2Q 2024). Net income: CN¥110.0m (up 89% from 2Q 2024). Profit margin: 67% (up from 51% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. New Risk • Aug 18
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 6.7% 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 • Jun 30
Anhui XDLK Microsystem Corporation Limited to Report First Half, 2025 Results on Aug 19, 2025 Anhui XDLK Microsystem Corporation Limited announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.004 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.004 loss in 1Q 2024). Revenue: CN¥87.9m (up 292% from 1Q 2024). Net income: CN¥44.4m (up CN¥46.0m from 1Q 2024). Profit margin: 51% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Declared Dividend • Apr 20
Dividend of CN¥0.22 announced Shareholders will receive a dividend of CN¥0.22. Ex-date: 24th April 2025 Payment date: 24th April 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 37% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 07
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 8.7% 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. Price Target Changed • Apr 03
Price target increased by 49% to CN¥72.26 Up from CN¥48.55, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥62.88. Stock is up 87% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.56 last year. Announcement • Mar 28
Anhui XDLK Microsystem Corporation Limited to Report Q1, 2025 Results on Apr 22, 2025 Anhui XDLK Microsystem Corporation Limited announced that they will report Q1, 2025 results on Apr 22, 2025 Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.56 (up from CN¥0.44 in FY 2023). Revenue: CN¥404.5m (up 28% from FY 2023). Net income: CN¥222.2m (up 34% from FY 2023). Profit margin: 55% (up from 52% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Mar 18
Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Apr 10, 2025 Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Apr 10, 2025, at 14:00 China Standard Time. Location: 19F, Tower A, No. 7, Zhichun Road, Haidian District, Beijing China Reported Earnings • Feb 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.55 (up from CN¥0.44 in FY 2023). Revenue: CN¥405.1m (up 28% from FY 2023). Net income: CN¥220.4m (up 33% from FY 2023). Profit margin: 54% (up from 52% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Dec 27
Anhui XDLK Microsystem Corporation Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 Anhui XDLK Microsystem Corporation Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 3Q 2023). Revenue: CN¥134.1m (up 40% from 3Q 2023). Net income: CN¥81.6m (up 46% from 3Q 2023). Profit margin: 61% (up from 59% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Oct 03
Anhui North Microelectronics Research Institute Group Co., Ltd completed the acquisition of 14% stake in Anhui XDLK Microsystem Corporation Limited (SHSE:688582) from North Electronic Research Institute Co., Ltd. Anhui North Microelectronics Research Institute Group Co., Ltd agreed to acquire 14% stake in Anhui XDLK Microsystem Corporation Limited (SHSE:688582) from North Electronic Research Institute Co., Ltd. on August 20, 2024. Anhui North Microelectronics will acquire 56 million shares of Anhui XDLK Microsystem.
Anhui North Microelectronics Research Institute Group Co., Ltd completed the acquisition of 14% stake in Anhui XDLK Microsystem Corporation Limited (SHSE:688582) from North Electronic Research Institute Co., Ltd. on September 27, 2024. Announcement • Sep 30
Anhui XDLK Microsystem Corporation Limited to Report Q3, 2024 Results on Oct 25, 2024 Anhui XDLK Microsystem Corporation Limited announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Aug 06
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: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (133% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Aug 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Dividend is not well covered by cash flows (133% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥29.12, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 31% over the past year. Announcement • Jun 29
Anhui XDLK Microsystem Corporation Limited to Report First Half, 2024 Results on Jul 30, 2024 Anhui XDLK Microsystem Corporation Limited announced that they will report first half, 2024 results on Jul 30, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.004 loss per share (vs CN¥0.06 profit in 1Q 2023) First quarter 2024 results: CN¥0.004 loss per share (down from CN¥0.06 profit in 1Q 2023). Revenue: CN¥22.4m (down 54% from 1Q 2023). Net loss: CN¥1.60m (down 108% from profit in 1Q 2023). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Announcement • Mar 29
Anhui XDLK Microsystem Corporation Limited to Report Q1, 2024 Results on Apr 25, 2024 Anhui XDLK Microsystem Corporation Limited announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 05
Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Mar 26, 2024 Anhui XDLK Microsystem Corporation Limited, Annual General Meeting, Mar 26, 2024, at 14:00 China Standard Time. Location: Building 1, Yard No. 1, West Tucheng Road, Haidian District, Beijing China Reported Earnings • Mar 05
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.44 (up from CN¥0.34 in FY 2022). Revenue: CN¥317.1m (up 40% from FY 2022). Net income: CN¥165.4m (up 42% from FY 2022). Profit margin: 52% (in line with FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.0%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥29.58, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 20x in the Electronic industry in China. Reported Earnings • Feb 09
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.44 (up from CN¥0.34 in FY 2022). Revenue: CN¥317.1m (up 40% from FY 2022). Net income: CN¥165.4m (up 42% from FY 2022). Profit margin: 52% (in line with FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.0%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥24.52, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 17x in the Electronic industry in China. Reported Earnings • Oct 24
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.14. Net income: CN¥56.1m (up CN¥56.1m from 3Q 2022). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 01
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.12. Net income: CN¥46.7m (up CN¥46.7m from 2Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China.