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Chip packaging and testing (OSAT) provider, notably a long-time assembly partner for AMD's processors.
Chip packaging and testing (OSAT) provider, notably a long-time assembly partner for AMD's processors.
Packages and tests chips for AMD at the Suzhou and Penang plants it took a controlling stake in during 2016, leaving AMD a minority holder and its main customer, so a large part of the work depends on how much AMD orders. It charges per chip handled and has widened to other chip designers.
In one line: A China-based Amkor Technology peer, notable for its AMD packaging partnership.
Moat: narrow (customer qualification, installed base). Long-standing joint venture/packaging relationship with AMD gives sticky, qualified volume.
Headquarters: Nantong, Jiangsu, China · Employees: 25,446
Size TongFu Microelectronics (002156.SZ) is a China Information Technology company (Semiconductors) with a market value of $10.5B, the 236th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥43.95 on 6 Nov 2026.
Performance Over six months the shares fell 15.1%, against -22.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 19 in its peer set.
Growth Revenue grew 21.4% over the last twelve months (peer median +37.0%); the operating margin is 6.9% (peer median 10.1%).
Valuation It trades at 28.7× forward earnings against a peer median of 21.5× (8th most expensive of 17).
Capital Return on invested capital runs 3.3 points above its cost of capital (8.1% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥32.7B | CN¥27.9B | CN¥23.9B | CN¥22.3B | CN¥21.4B |
| Revenue growth | — | +17% | +7% | +4% | — |
| Gross profit | CN¥7.82B | CN¥3.61B | CN¥3.27B | CN¥2.35B | CN¥2.71B |
| EBITDA | n/a | CN¥5.16B | CN¥4.54B | CN¥4.38B | CN¥3.95B |
| Net income | CN¥3.42B | CN¥1.22B | CN¥678M | CN¥169M | CN¥502M |
| Free cash flow | -CN¥2.40B | CN¥798M | -CN¥669M | -CN¥744M | -CN¥3.93B |
| Capital expenditure | CN¥9.55B | CN¥6.21B | CN¥4.55B | CN¥5.12B | CN¥7.13B |
| Total debt | CN¥22.4B | CN¥18.8B | CN¥14.7B | CN¥14.0B | CN¥12.2B |
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 |
|---|---|---|---|---|---|---|
| TongFu Microelectronics 002156.SZ | $10.5B | -15% | +21% | 7% | 28.7× | n/a |
| JCET 600584.SS | $14.1B | +15% | +4% | 6% | 40.2× | n/a |
| SJ Semiconductor 688820.SS | $22.9B | -21% | +1% | n/a | 136.4× | n/a |
| Amkor Technology AMKR | $8.13B | -57% | +16% | 10% | 12.1× | n/a |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 17.3× | n/a |
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 | 002156.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.4% | -25.6% | 10th highest of 20 |
| 6-month return | -15.1% | -22.7% | 9th highest of 19 |
| Distance from 52-week high | -48.1% | -53.2% | 8th highest of 21 |
| Revenue growth (TTM) | +21.4% | +37.0% | 8th lowest of 21 |
| Operating margin | 6.9% | 10.1% | 7th lowest of 21 |
| Forward P/E | 28.7× | 21.5× | 8th most expensive of 17 |
| ROIC minus cost of capital | +3.3 pp | -2.8 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 28.7× | n/a | n/a |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | n/a | n/a | n/a |
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% | +9.6% |
| Yuanjie Semiconductor Technology 688498.SS | China | $11.2B | -45% | +300% | 64% | 60.1× | n/a | n/a |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| Nexchip Semiconductor 2249.HK | Hong Kong | $9.55B | n/a | +20% | 7% | 50.2× | n/a | n/a |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 15.6× | n/a | n/a |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | n/a | n/a | n/a |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | n/a | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% | +4.7% |
| United Nova Technology 688469.SS | China | $8.92B | +4% | +42% | -10% | 102.1× | n/a | n/a |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 5.1× | n/a | n/a |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 23.1× | n/a | n/a |
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |
| VeriSilicon Microelectronics (Shanghai) 688521.SS | China | $8.31B | -63% | +39% | -23% | n/a | 40.5% | +15.9% |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 49.1× | 39.3% | +18.7% |
| Amkor Technology AMKR | United States | $8.13B | -57% | +16% | 10% | 12.1× | n/a | n/a |
| Shenzhen Techwinsemi Technology 001309.SZ | China | $8.12B | -64% | +317% | 35% | 6.7× | n/a | n/a |
| Konfoong Materials International 300666.SZ | China | $8.09B | +9% | +35% | 10% | 53.5× | n/a | n/a |
| RMBS RMBS | United States | $7.98B | -42% | +17% | 37% | 19.9× | 24.5% | +23.5% |