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Hefei-based semiconductor foundry manufacturing display-driver chips and CMOS image sensors on mature process nodes.
Hefei-based semiconductor foundry manufacturing display-driver chips and CMOS image sensors on mature process nodes.
Manufactures chips designed by other companies and is paid per wafer, with display driver chips its biggest product line, so its customers are display-chip designers rather than device makers. Set up in 2015 with technology from Taiwan's Powerchip, it was built with funds from the Hefei city government.
In one line: A Chinese mature-node foundry specializing in display-driver and image-sensor chips.
Moat: narrow (scale, process know-how). Regional (Hefei government-backed) capacity build-out in mature nodes underserved by larger foundries.
Headquarters: Hefei, China · Founded: 2015 · Employees: 5,710
Size Nexchip Semiconductor (2249.HK) is a Hong Kong Information Technology company (Semiconductors) with a market value of $9.55B, the 167th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$24.82 on 6 Nov 2026.
Growth Revenue grew 19.6% over the last twelve months (peer median +32.7%); the operating margin is 7.3% (peer median 9.8%).
Valuation It trades at 50.2× forward earnings against a peer median of 19.9× (5th most expensive of 17).
Capital Return on invested capital runs 9.7 points below its cost of capital (15.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$13.7B | HK$11.8B | HK$10.0B | HK$8.00B | HK$11.7B |
| Revenue growth | — | +18% | +25% | -32% | — |
| Gross profit | HK$6.66B | HK$2.53B | HK$2.15B | HK$1.36B | HK$5.15B |
| EBITDA | n/a | HK$5.27B | HK$4.38B | HK$3.67B | HK$6.83B |
| Net income | HK$717M | HK$764M | HK$578M | HK$234M | HK$3.54B |
| Free cash flow | -HK$2.36B | -HK$6.32B | -HK$11.3B | -HK$8.29B | -HK$705M |
| Capital expenditure | HK$9.21B | HK$10.5B | HK$14.3B | HK$8.19B | HK$8.01B |
| Total debt | HK$29.5B | HK$24.0B | HK$20.4B | HK$14.8B | HK$12.5B |
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 |
|---|---|---|---|---|---|---|
| Nexchip Semiconductor 2249.HK | $9.55B | n/a | +20% | 7% | 50.2× | n/a |
| SJ Semiconductor 688820.SS | $22.9B | -21% | +1% | n/a | 136.4× | n/a |
| SMIC 0981.HK | $76.7B | -41% | +20% | 9% | 32.9× | n/a |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% |
| TSM TSM | $1.78T | -9% | +35% | 58% | 17.1× | 15.4% |
| Powerchip Semiconductor Manufacturing 6770.TW | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% |
| Vanguard International Semiconductor 5347.TWO | $6.82B | -22% | +10% | 17% | 17.7× | n/a |
| DB HiTek 000990.KS | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% |
| Tower Semiconductor TSEM | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% |
| GlobalFoundries GFS | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% |
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 | 2249.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -21.4% | highest of 20 |
| Distance from 52-week high | -32.9% | -50.5% | 4th highest of 21 |
| Revenue growth (TTM) | +19.6% | +32.7% | 7th lowest of 21 |
| Operating margin | 7.3% | 9.8% | 9th lowest of 21 |
| Forward P/E | 50.2× | 19.9× | 5th most expensive of 17 |
| ROIC minus cost of capital | -9.7 pp | -2.4 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nexchip Semiconductor 2249.HK | Hong Kong | $9.55B | n/a | +20% | 7% | 50.2× | n/a | n/a |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | 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 |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | n/a | n/a | n/a |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 28.7× | 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% |
| 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 |
| 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% |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 15.6× | n/a | n/a |
| Ingenic Semiconductor 3223.HK | Hong Kong | $7.76B | n/a | +100% | 35% | 10.9× | -3.9% | +16.1% |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 45.0× | n/a | n/a |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | n/a | n/a | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% | +0.5% |