HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Amicro Technology / Equity Capital Markets

<ul>
<li>Amicro focuses on an integrated layout of "chips + algorithms + system solutions". Amicro is not just a supplier, but a provider of the underlying infrastructure for the entire industry</li>
<li>Xiaomi and Gree’s joint investment indicates that Amicro simultaneously possesses the entry resources for both consumer and industrial scenarios.However, losses are expanding. It may not achieve break-even within three years.</li>
<li>Valuation of semiconductor sector in the Hong Kong stock market fluctuates greatly, and market sentiment discount needs to be considered. Comfortable valuation could be 13-14x P/S, based on 2026 forecast.</li>
</ul>


Amicro focuses on an integrated layout of "chips + algorithms + system solutions". Amicro is not just a supplier, but a provider of the underlying infrastructure for the entire industry
Xiaomi and Gree’s joint investment indicates that Amicro simultaneously possesses the entry resources for both consumer and industrial scenarios.However, losses are expanding. It may not achieve break-even within three years.
Valuation of semiconductor sector in the Hong Kong stock market fluctuates greatly, and market sentiment discount needs to be considered. Comfortable valuation could be 13-14x P/S, based on 2026 forecast.


Pre-IPO Amicro Technology (PHIP Updates) - Some Points Worth the Attention

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amicro Technology (AMICRO HK)

Pre-IPO Amicro Technology (PHIP Updates) - Some Points Worth the Attention

Amicro is not just a supplier, but a provider of the underlying infrastructure for the entire industry. However, losses are expanding. Comfortable...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)