Board Change • Jul 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Independent Director Qingyi Meng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jun 30
Hunan Goke Microelectronics Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Hunan Goke Microelectronics Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.24 in 1Q 2025). Revenue: CN¥633.3m (up 108% from 1Q 2025). Net income: CN¥54.9m (up 6.7% from 1Q 2025). Profit margin: 8.7% (down from 17% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Duyuru • Apr 29
Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 20, 2026 Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: 5F, Building 9, No. 128, South Section of Dongsi Road, Changsha Economic and Technological Development Zone, Hunan China Duyuru • Mar 31
Hunan Goke Microelectronics Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Feb 08
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Jan 26
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Duyuru • Dec 31
Hunan Goke Microelectronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Hunan Goke Microelectronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Nov 17
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 7.5% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Oct 28
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: 1.8% Last year net profit margin: 3.9% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Duyuru • Sep 30
Hunan Goke Microelectronics Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.066 loss in 2Q 2024) Second quarter 2025 results: CN¥0.14 loss per share (further deteriorated from CN¥0.066 loss in 2Q 2024). Revenue: CN¥436.1m (down 14% from 2Q 2024). Net loss: CN¥31.4m (loss widened 118% from 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Aug 09
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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Duyuru • Jul 02
Hunan Goke Microelectronics Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Hunan Goke Microelectronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 17
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 8.2% 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: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Declared Dividend • Jun 12
Dividend of CN¥0.30 announced Dividend of CN¥0.30 is the same as last year. Ex-date: 16th June 2025 Payment date: 16th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 132% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 07
Hunan Goke Microelectronics Co.,Ltd. announced a financing transaction Hunan Goke Microelectronics Co.,Ltd. announced a private placement to issue A shares on June 6, 2025. The transaction includes participation from not more than 35 specific investors. The share volume will not be more than 30% of the company’s total share capital before the share issuance for raising supporting funds. The issue price will not be lower than 80% of the average trading price of the company’s shares in the 20 trading days before the pricing benchmark date. The shares will be subject to 6 months lockup period. The transaction has been approved in the 7th meeting of the 4th board of directors and 6th meeting of the 4th board of supervisors. The transaction is subject to approval from shareholders, Shenzhen Stock Exchange and China Securities Regulatory Commission. Duyuru • Jun 06
Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) signed the agreement to acquire 94.37% stake in Ningbo Semiconductor International Corporation from SMIC Holdings Corporation and other shareholders. Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) signed the agreement to acquire 94.37% stake in Ningbo Semiconductor International Corporation from SMIC Holdings Corporation and other shareholders on June 5, 2025. SMIC Holdings Corporation and other shareholders of Ningbo Semiconductor signed the “agreement on share issuance and cash payments to purchase assets.
For the period ending March 31, 2025, Ningbo Semiconductor International Corporation reported total revenue of CNY 4.52 billion and total common equity of CNY 1.57 billion.
This transaction had been reviewed and approved in the Company’s board of directors and does not need to be submitted to the Company’s regular shareholders’ meeting for approval. Price Target Changed • Jun 06
Price target decreased by 13% to CN¥83.00 Down from CN¥95.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥85.50. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.45 last year. Duyuru • May 22
Hunan Goke Microelectronics Co.,Ltd Approves the Cash Dividend for 2024 Hunan Goke Microelectronics Co.,Ltd. at its Annual General Meeting of 2024 held on 16 May 2025, approved the cash dividend/10 shares (tax included) of CNY 3.00000000. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.45 (up from CN¥0.44 in FY 2023). Revenue: CN¥1.98b (down 53% from FY 2023). Net income: CN¥97.2m (up 1.1% from FY 2023). Profit margin: 4.9% (up from 2.3% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Apr 25
Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 16, 2025 Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China 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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Duyuru • Mar 31
Hunan Goke Microelectronics Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Duyuru • Dec 31
Hunan Goke Microelectronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Hunan Goke Microelectronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.057 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.057 loss in 3Q 2023). Revenue: CN¥351.3m (down 46% from 3Q 2023). Net income: CN¥43.2m (up CN¥55.5m from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 09
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to CN¥78.01. The fair value is estimated to be CN¥62.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to decline by 11% in 2 years. Earnings are forecast to grow by 294% in the next 2 years. New Risk • Sep 30
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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Duyuru • Sep 30
Hunan Goke Microelectronics Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.066 loss per share (vs CN¥0.21 profit in 2Q 2023) Second quarter 2024 results: CN¥0.066 loss per share (down from CN¥0.21 profit in 2Q 2023). Revenue: CN¥508.2m (down 38% from 2Q 2023). Net loss: CN¥14.4m (down 132% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥51.08. The fair value is estimated to be CN¥64.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has declined by 17%. Duyuru • Jun 29
Hunan Goke Microelectronics Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Hunan Goke Microelectronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Duyuru • Jun 06
Hunan Goke Microelectronics Co.,Ltd. Announces Dividend Implementation for 2023, Payable on 12 June 2024 Hunan Goke Microelectronics Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 3.00000000. Record date: 11 June 2024; Ex-date: 12 June 2024; Payment date: 12 June 2024. New Risk • May 30
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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. New Risk • Apr 27
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: 2.3% Last year net profit margin: 4.2% 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. This is currently the only risk that has been identified for the company. Duyuru • Apr 27
Hunan Goke Microelectronics Co.,Ltd. Proposes Final Dividend for the Year 2023 Hunan Goke Microelectronics Co.,Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 3.00. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.21 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.21 in 1Q 2023). Revenue: CN¥342.6m (down 80% from 1Q 2023). Net income: CN¥41.2m (down 8.6% from 1Q 2023). Profit margin: 12% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Apr 26
Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 15, 2024 Hunan Goke Microelectronics Co.,Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Duyuru • Mar 30
Hunan Goke Microelectronics Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Duyuru • Feb 06
Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) announces an Equity Buyback for CNY 100 million worth of its shares. Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 93 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to CN¥37.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Semiconductor industry in China. Total loss to shareholders of 10% over the past three years. Duyuru • Dec 29
Hunan Goke Microelectronics Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Hunan Goke Microelectronics Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: CN¥0.057 loss per share (vs CN¥0.53 profit in 3Q 2022) Third quarter 2023 results: CN¥0.057 loss per share (down from CN¥0.53 profit in 3Q 2022). Revenue: CN¥649.4m (down 48% from 3Q 2022). Net loss: CN¥12.3m (down 113% from profit in 3Q 2022). Revenue is forecast to grow 20% 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 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
Hunan Goke Microelectronics Co.,Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Hunan Goke Microelectronics Co.,Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% 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 (38% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.9% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Jun 29
Hunan Goke Microelectronics Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 3, 2023 Hunan Goke Microelectronics Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2022. Record date is June 30, 2023. Ex-date is July 3, 2023. Payment date is July 3, 2023. Duyuru • May 19
Hunan Goke Microelectronics Co.,Ltd. Approves Cash Dividend for the Year 2022 Hunan Goke Microelectronics Co.,Ltd. announced that at its Annual General Meeting held on 17 May 2023, approved cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2022. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.13 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.13 loss in 1Q 2022). Revenue: CN¥1.72b (up 239% from 1Q 2022). Net income: CN¥45.1m (up CN¥67.9m from 1Q 2022). Profit margin: 2.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥87.21, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 54x in the Semiconductor industry in China. Total returns to shareholders of 121% over the past three years. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jiwu Jing was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jiwu Jing was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.53 (vs CN¥1.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.53 (down from CN¥1.06 in 3Q 2021). Revenue: CN¥1.25b (up 35% from 3Q 2021). Net income: CN¥96.5m (down 50% from 3Q 2021). Profit margin: 7.7% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥73.79, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 54x in the Semiconductor industry in China. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥79.22, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 52x in the Semiconductor industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.063 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.063 loss in 2Q 2021). Revenue: CN¥1.16b (up 115% from 2Q 2021). Net income: CN¥44.4m (up CN¥55.8m from 2Q 2021). Profit margin: 3.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. 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 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥71.90, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 138% over the past three years. Duyuru • May 27
Hunan Goke Microelectronics Co.,Ltd. Announces Final Profit Distribution Plan on A Shares for 2021, Payable on 02 June, 2022 Hunan Goke Microelectronics Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of CNY 4.00000000 per 10 shares with Record date: 01 June 2022; Ex-date: 02 June 2022 and Payment date of 02 June 2022. Duyuru • May 24
Hunan Goke Microelectronics Co.,Ltd. Approves Dividend for 2021 Hunan Goke Microelectronics Co.,Ltd. approved dividend (tax included) of CNY 4.00000000 per 10 shares for 2021, at its AGM, held on May 20, 2022. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥75.65, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 34x in the Semiconductor industry in China. Total returns to shareholders of 130% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.13 loss per share (vs CN¥0.007 profit in 1Q 2021) First quarter 2022 results: CN¥0.13 loss per share (down from CN¥0.007 profit in 1Q 2021). Revenue: CN¥508.6m (up 24% from 1Q 2021). Net loss: CN¥22.9m (down CN¥24.0m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 28
Hunan Goke Microelectronics Co.,Ltd. announced that it expects to receive CNY 2.3 billion in funding Hunan Goke Microelectronics Co.,Ltd. announced a private placement of common shares for gross proceeds of up to CNY 2,300,000,000 on April 27, 2022. Buying Opportunity • Apr 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 51%. The fair value is estimated to be CN¥95.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Earnings per share has grown by 38%. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 29% share price decline to CN¥103, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 40x in the Semiconductor industry in China. Total returns to shareholders of 308% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥1.06 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥924.3m (up 405% from 3Q 2020). Net income: CN¥191.7m (up CN¥170.0m from 3Q 2020). Profit margin: 21% (up from 12% 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 38% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: CN¥0.063 loss per share (vs CN¥0.082 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: CN¥540.3m (up 276% from 2Q 2020). Net loss: CN¥11.4m (down 177% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 25
Hunan Goke Microelectronics Co.,Ltd. Approves Cash Dividend for the Year 2020 Hunan Goke Microelectronics Co.,Ltd. at its annual general meeting held on May 21, 2021, approved cash dividend per ten shares (tax included) of CNY 3.20000000 for the year 2020. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.007 (vs CN¥0.19 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥411.6m (up CN¥362.1m from 1Q 2020). Net income: CN¥1.18m (up CN¥36.1m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 29
Hunan Goke Microelectronics Co.,Ltd. Announces Profit Distribution Proposal for 2020 Hunan Goke Microelectronics Co.,Ltd. announced on 28 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend of CNY 3.20000000 per 10 shares (tax included). Is New 90 Day High Low • Jan 27
New 90-day low: CN¥41.31 The company is down 17% from its price of CN¥50.00 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥46.38 The company is down 9.0% from its price of CN¥50.69 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 11% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥68.9m, down 34% from the prior year. Total revenue was CN¥622.9m over the last 12 months, up 19% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥50.00 The company is down 11% from its price of CN¥56.11 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 9.0% over the same period. Duyuru • Sep 08
Hunan Goke Microelectronics Co.,Ltd. announced that it expects to receive CNY 1.14 billion in funding Hunan Goke Microelectronics Co.,Ltd. (SZSE:300672) announced a private placement of not more than 54,095,292 common shares at a price not less than 80% of the average price of the company’s stock trading 20 trading days before the pricing base date which is the first day of the issuance period for gross proceeds of not more than CNY 1,140,000,000 on September 3, 2020. The transaction will include participation from not more than 35 specific investors including the company’s actual controller, Xiang Ping. The transaction has been approved in the 20th meeting of the second board of directors of the company and is subject to approval in the company’s shareholders meeting, by the Shenzhen Stock Exchange and China Securities Regulatory Commission. The shares to be issued to Xiang Ping are subject to a lock-up period of 18 months from the issuance date and the shares to be issued to all the other investors are subject to a lock-up period of 6 months from the issuance date. Duyuru • Aug 13
Hunan Goke Microelectronics Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Hunan Goke Microelectronics Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020