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Fabless designer of smart-card/SIM chips, FPGAs and specialty memory, part of the restructured Unigroup group.
Fabless designer of smart-card/SIM chips, FPGAs and specialty memory, part of the restructured Unigroup group.
In one line: A small, China-focused Infineon/Lattice for smart-card chips and FPGAs.
Moat: narrow (regulatory licence, customer qualification, IP / patents). Established security-chip qualifications with government/telecom programs; part of the Tsinghua Unigroup chip cluster.
Headquarters: Beijing, China · Employees: 3,244
Size Unigroup Guoxin Microelectronics (002049.SZ) is a China Information Technology company (Semiconductors) with a market value of $6.37B, the 392nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.40 on 6 Nov 2026.
Performance Over six months the shares fell 34.8%, against -18.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +22.3%); the operating margin is 18.0% (peer median 9.9%).
Valuation It trades at 25.5× forward earnings against a peer median of 30.9× (8th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.7 points below its cost of capital (9.4% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.10B | CN¥6.11B | CN¥5.47B | CN¥7.51B | CN¥7.05B |
| Revenue growth | — | +12% | -27% | +7% | — |
| Gross profit | CN¥3.35B | CN¥3.25B | CN¥2.89B | CN¥4.43B | CN¥4.38B |
| EBITDA | n/a | CN¥1.62B | CN¥1.34B | CN¥2.73B | CN¥3.07B |
| Net income | CN¥1.22B | CN¥1.44B | CN¥1.18B | CN¥2.53B | CN¥2.63B |
| Free cash flow | CN¥934M | CN¥452M | CN¥1.21B | CN¥1.53B | CN¥1.42B |
| Capital expenditure | CN¥315M | CN¥378M | CN¥317M | CN¥251M | CN¥307M |
| Total debt | CN¥2.33B | CN¥2.37B | CN¥2.24B | CN¥2.39B | CN¥2.30B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Unigroup Guoxin Microelectronics 002049.SZ | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| Lattice Semiconductor LSCC | $14.9B | -17% | +63% | 13% | 26.2× | n/a |
| Giga Device Semiconductor 603986.SS | $25.3B | -23% | +166% | 50% | 10.9× | 16.5% |
| China Resources Microelectronics 688396.SS | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002049.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -20.9% | 9th highest of 21 |
| 6-month return | -34.8% | -18.8% | 4th lowest of 20 |
| Distance from 52-week high | -45.2% | -54.1% | 7th highest of 21 |
| Revenue growth (TTM) | -0.9% | +22.3% | 4th lowest of 21 |
| Operating margin | 18.0% | 9.9% | 7th highest of 21 |
| Forward P/E | 25.5× | 30.9× | 8th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 24.4% | 20.3% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +13.5% | +23.8% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | +11.0 pp | -2.1 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -2.7 pp | -4.4 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% | +13.5% |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 161.4× | n/a | n/a |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | n/a | n/a | n/a |
| Suzhou Maxwell Technologies 300751.SZ | China | $6.72B | -33% | -26% | 6% | 72.0× | 47.7% | +29.0% |
| Jinko Solar 688223.SS | China | $6.73B | -34% | -18% | -11% | n/a | n/a | n/a |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | n/a | n/a | n/a |
| Rohm 6963.T | Japan | $6.76B | -19% | +12% | 4% | 24.3× | n/a | n/a |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| Vanguard International Semiconductor 5347.TWO | Taiwan | $6.82B | -22% | +10% | 17% | 17.7× | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| Sanan Optoelectronics 600703.SS | China | $6.87B | -33% | -22% | -7% | n/a | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 63.3× | n/a | n/a |
| Amlogic (Shanghai) 688099.SS | China | $5.84B | -13% | +39% | 17% | 22.4× | n/a | n/a |
| Minebea Mitsumi 6479.T | Japan | $6.97B | -13% | +12% | 7% | 11.9× | 10.8% | +11.0% |
| Smartsens Technology (Shanghai) 688213.SS | China | $7.01B | +21% | +27% | 13% | 30.9× | 23.1% | +42.7% |
| SG Micro 3661.HK | Hong Kong | $5.78B | n/a | +54% | 17% | 38.7× | 3.4% | +25.8% |
| Henan Shijia Photons Technology 688313.SS | China | $5.72B | -36% | +73% | 22% | 47.9× | n/a | n/a |
| Cirrus Logic CRUS | United States | $5.69B | -34% | +6% | 23% | 16.9× | 1.5% | +7.8% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | n/a | n/a | n/a |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |