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China Resources Microelectronics Limited (688396.SS)

CNY70.17 -5.71 (-7.53%)
CN SHH Technology Semiconductors
Address No 14 Liangxi Road 214061
Wuxi, CN
CEO Guoyi Wu
IPO 2020-02-27
ISIN CNE100003S06

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Description

China Resources Microelectronics Limited (CR Micro) functions as an investment holding company with diverse operations across the semiconductor industry. Its core business activities encompass open foundry services, integrated circuit (IC) design, IC testing and packaging, and the development of discrete semiconductor devices. In its foundry segment, CR Micro offers advanced IC manufacturing solutions to both fabless design firms and integrated device manufacturers. These services are underpinned by a range of analog and power process technologies, such as mixed-signal, complementary metal-oxide-semiconductor (CMOS) logic, planar and trench double diffused metal oxide semiconductor (DMOS), bipolar and CMOS technology (BiCMOS), and BCDMOS devices. Beyond manufacturing, the company excels in the design and development of various semiconductor integrated circuit products. This includes microcontrollers (MCUs) and System-on-Chips (SoCs) for audio and video processing, as well as analog and mixed-signal ICs tailored for power management and LED driver applications. Furthermore, CR Micro develops consumer ICs and wafers, encompassing components like single-chip radio circuits, audio and calculation amplifiers, encoder/decoder circuits, LCDs, voice and music chips, clock and watch circuits, uninterruptible power supplies (UPS), and photoelectric coupled receiver chips. CR Micro also offers comprehensive IC assembly, testing, and packaging services to other semiconductor companies. Lastly, the company is involved in the development and production of power semiconductor discrete devices, which find applications in energy-efficient lighting, household appliances, industrial control systems, and personal computing. CR Micro maintains a global footprint, with operations spanning Mainland China, other Asian markets, the United States, and Europe. Founded in 1997, the company initially operated as CSMC Technologies Corporation before adopting its current name, China Resources Microelectronics Limited, in 2008. Headquartered in Wuxi, China, it is classified as a Red Chip company, a designation stemming from its listing on the Hong Kong Stock Exchange. As of November 2, 2011, CR Micro has been a subsidiary of China Resources (Holdings) Co.,Ltd.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY70.17 -5.71 (-7.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
38M
Beta
0.69
Float Shares
367.19M
Free Float %
27.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-8.18% +2.54% +13.13% +12.24% +38.04% +21.24% +34.56% +12.79% +3.04% +52.56% +52.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
70.17
DCF (Unlevered) 4.73 -93.3%
DCF (Levered) 9.59 -86.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
11.53
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Semiconductors: +12.5%
    +8.7% Q1'26: +21.3% (vs Q1'25)
  • EPS growth Semiconductors: +22.5%
    -13.8% Q1'26: +297.5% (vs Q1'25)
  • FCF margin FCF growth · Semiconductors: +38.2%
    +3.7% Q1'26: +12.5% (vs Q1'25)
  • EBIT margin Semiconductors: +10.7%
    +8.8% Q1'26: +7.9% (vs Q1'25)
  • ROIC Semiconductors: +6.0%
    +4.7% Q1'26: +4.5% (vs Q1'25)
  • Share dilution Semiconductors: +0.0%
    +0.3% Q1'26: +0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×
    0.17× Q1'26: 0.26× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.71) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4.73 Current price: 70.17
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
6 EPS Ana.
Dec 2027
8 Rev. Ana.
8 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
5.74B
est: 5.77B (-0.5%)
6.98B
est: 6.90B (+1.1%)
9.25B
est: 9.31B (-0.6%)
10.06B
est: 10.06B (+0.0%)
9.90B
est: 9.63B (+2.8%)
10.12B
est: 10.37B (-2.4%)
11.00B
est: 11.05B (-0.5%)
12.88B
12.57B – 13.33B
+16.5% YoY
15.14B
13.72B – 17.99B
+17.6% YoY
18.47B
18.47B – 18.47B
+22.0% YoY
EBITDA
967.51M
est: 1.39B (-30.4%)
1.52B
est: 1.66B (-8.2%)
2.69B
est: 2.24B (+20.0%)
2.80B
est: 2.42B (+15.7%)
2.14B
est: 2.30B (-7.0%)
2.02B
est: 2.47B (-18.1%)
2.28B
est: 2.63B (-13.4%)
3.07B
3.00B – 3.18B
+16.5% YoY
3.61B
3.27B – 4.29B
+17.6% YoY
4.40B
4.40B – 4.40B
+22.0% YoY
EBIT
274.88M
est: 837.82M (-67.2%)
811.06M
est: 1.00B (-19.0%)
1.92B
est: 1.35B (+42.6%)
1.93B
est: 1.46B (+32.1%)
1.18B
est: 1.34B (-12.1%)
913.23M
est: 1.45B (-36.8%)
965.03M
est: 1.54B (-37.4%)
1.80B
1.75B – 1.86B
+16.5% YoY
2.11B
1.91B – 2.51B
+17.6% YoY
2.57B
2.57B – 2.57B
+22.0% YoY
Net Income
400.76M
est: 454.08M (-11.7%)
963.66M
est: 1.05B (-8.6%)
2.27B
est: 2.25B (+0.7%)
2.62B
est: 2.59B (+1.1%)
1.48B
est: 981.72M (+50.7%)
762.46M
est: 820.92M (-7.1%)
660.54M
est: 685.45M (-3.6%)
1.26B
1.07B – 1.45B
+84.5% YoY
1.79B
1.40B – 2.22B
+41.7% YoY
2.44B
1.81B – 2.92B
+36.0% YoY
SGA
192.89M
est: 395.16M (-51.2%)
474.97M
est: 472.22M (+0.6%)
571.54M
est: 636.79M (-10.2%)
689.27M
est: 688.23M (+0.2%)
785.46M
est: 641.81M (+22.4%)
652.18M
est: 691.10M (-5.6%)
650.12M
est: 736.61M (-11.7%)
858.30M
837.48M – 888.23M
+16.5% YoY
1.01B
914.50M – 1.20B
+17.6% YoY
1.23B
1.23B – 1.23B
+22.0% YoY
EPS
0.33
est: 0.34 (-3.9%)
0.79
est: 0.80 (-0.9%)
1.76
est: 1.70 (+3.3%)
1.98
est: 1.93 (+2.4%)
1.12
est: 0.74 (+50.7%)
0.58
est: 0.66 (-12.2%)
0.50
est: 0.50 (+0.2%)
0.96
0.80 – 1.10
+91.9% YoY
1.35
1.05 – 1.67
+41.3% YoY
1.88
1.36 – 2.20
+38.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-28 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-27 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-26 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-25 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-22 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-21 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-20 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-19 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-18 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-15 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-14 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-13 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-12 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-11 B+ 3/5 3/5 3/5 4/5 4/5 1/5 3/5
2026-05-08 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-07 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-05-06 B 3/5 3/5 3/5 3/5 4/5 1/5 3/5
2026-04-30 B 3/5 3/5 2/5 3/5 4/5 1/5 3/5
2026-04-29 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-28 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-27 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-24 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-23 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-22 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-21 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-20 B- 2/5 2/5 2/5 3/5 3/5 1/5 3/5
2026-04-17 B- 3/5 3/5 2/5 3/5 3/5 1/5 3/5
2026-04-16 B- 3/5 3/5 2/5 3/5 3/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.71B
OE per share TTM
1.29
Owner's Yield
2.01%
Maintenance CapEx ratio
26.38%
Maint CapEx / Avg PPE
71.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 125 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Neuberger Berman China Equity ETF NBCE 2.29% 422.5K 5.01%
2 KraneShares ICBCUBS SSE Star Market 50 Index UCITS ETF KSTR.L 1.31% 878.5K 0.82%
3 KraneShares SSE STAR Market 50 Index ETF KSTR 1.29% 4.97M 0.89%
4 Rayliant-ChinaAMC Transformative China Tech ETF CNQQ 0.24% 54.5K 0.75%
5 Xtrackers MSCI China A UCITS ETF 1C XX2D.L 0.23% 320.6K 0.35%
6 Amundi MSCI China A UCITS ETF Acc CNAA.L 0.22% 302.6K 0.35%
7 Xtrackers Harvest CSI300 UCITS ETF 1D ASHR.L 0.21% 655.5K 0.65%
8 iShares MSCI China A UCITS ETF CNYE.MI 0.21% 208.1K 0.45%
9 iShares MSCI China A UCITS ETF CNYA.L 0.21% 6.31M 0.40%
10 Xtrackers Harvest CSI 300 China A-Shares ETF ASHR 0.20% 2.65M 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
89.7K
Shares Outstanding
1.33B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Cong Yun Wu Accounting Supervisor
Ge Li Vice President, Chief Compliance Officer & General Counsel male
Guoyi Wu Chief Financial Officer, Board Secretary & Director male
Hengqian Zhuang Vice President male
Jian Dou Vice President male
Jun Duan Vice President male
Weiqing Ma Vice President male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits