Tillkännagivande • Jun 30
Great Microwave Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Great Microwave Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Board Change • May 20
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. 9 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Qiankun Jiang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 23
Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026 Great Microwave Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China Tillkännagivande • Mar 30
Great Microwave Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Great Microwave Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Tillkännagivande • Dec 26
Great Microwave Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Tillkännagivande • Sep 30
Great Microwave Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Great Microwave Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Tillkännagivande • Jun 30
Great Microwave Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Great Microwave Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Tillkännagivande • Mar 29
Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025 Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China Tillkännagivande • Mar 28
Great Microwave Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Great Microwave Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Tillkännagivande • Dec 27
Great Microwave Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Great Microwave Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Tillkännagivande • Dec 03
Great Microwave Technology Co., Ltd. (SHSE:688270) announces an Equity Buyback for CNY 40 million worth of its shares. Great Microwave Technology Co., Ltd. (SHSE:688270) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its common stock. The shares will be repurchase at a price of CNY 38.13 per share. The repurchased shares will be used to convert corporate bonds issued by listed companies that can be converted into shares. The company will use its own funds to repurchase the company's shares through centralized bidding transactions. The program will be valid for 12 months. New Risk • Oct 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.029 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.029 in 3Q 2023). Revenue: CN¥64.4m (up 8.7% from 3Q 2023). Net income: CN¥8.83m (up 38% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. New Risk • Sep 30
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 9.4% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Tillkännagivande • Sep 30
Great Microwave Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Great Microwave Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Jul 23
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 Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Tillkännagivande • Jun 28
Great Microwave Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Great Microwave Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 1Q 2023) First quarter 2024 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 1Q 2023). Revenue: CN¥53.9m (up 29% from 1Q 2023). Net loss: CN¥5.68m (down 178% from profit in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.72 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.72 in FY 2022). Revenue: CN¥280.8m (up 16% from FY 2022). Net income: CN¥72.5m (down 33% from FY 2022). Profit margin: 26% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Tillkännagivande • Mar 30
Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024 Great Microwave Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:00 China Standard Time. Location: Building 7, No. 428, Zhiqiang Road, Sandun Town, Xihu District, Hangzhou, Zhejiang China Tillkännagivande • Mar 29
Great Microwave Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Great Microwave Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.72 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.72 in FY 2022). Revenue: CN¥283.5m (up 17% from FY 2022). Net income: CN¥76.3m (down 29% from FY 2022). Profit margin: 27% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥39.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Semiconductor industry in China. New Risk • Nov 20
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 8.6% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.041 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.041 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥59.3m (up 34% from 3Q 2022). Net income: CN¥6.41m (down 70% from 3Q 2022). Profit margin: 11% (down from 47% in 3Q 2022). 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 25% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥69.6m (down 5.4% from 2Q 2022). Net income: CN¥26.3m (down 40% from 2Q 2022). Profit margin: 38% (down from 59% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Tillkännagivande • Jun 28
Great Microwave Technology Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Great Microwave Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥1.01 (vs CN¥1.21 in FY 2021) Full year 2022 results: EPS: CN¥1.01. Revenue: CN¥242.6m (up 27% from FY 2021). Net income: CN¥107.7m (up 9.0% from FY 2021). Profit margin: 44% (down from 52% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Guomin Weng 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. Tillkännagivande • Feb 02
A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million A group of unknown buyers agreed to acquire 4.18% shares of Great Microwave Technology Co., Ltd. (SHSE:688270) from Ningbo Linghui Equity Investment Partnership Enterprise (Limited Partnership), Shanghai Lingrui Venture Capital Co., Ltd., Suzhou Hanning Venture Capital Partnership Enterprise (Limited Partnership), Liang Weidong, Qiao Guibin, Yan Bo, Ningbo Zhelv Junrong Venture Capital Partnership Enterprise (Limited Partnership) for CNY 444 million on January 31, 2023. Transfer price is CNY 97 per share and total number of shares to be acquired is 4,573,148 shares. Transaction is subject to the final handling result of China Securities Depository and Clearing Corporation Shanghai Branch. 
