Who are Tech Semiconductors's main competitors?

Named competitors: Hangzhou Silan Microelectronics (600460.SS), Infineon Technologies (IFX.DE), Mitsubishi Electric (6503.T), StarPower Semiconductor (603290.SS). The cockpit's measured peer set (industry) also includes Aeva Technologies (AEVA), CEVA (CEVA), Myson Century (5314.TWO), Canadian Solar (CSIQ), SENASIC Electronics Technology (6675.HK), Shenzhen Topray Solar (002218.SZ).

How has Tech Semiconductors stock performed?

Over six months to 6 Nov 2026 the shares returned -33.1% against -25.6% for the median peer; over one year -44.5%.

← CockpitCompetitor Analysis › 300046.SZ Tech Semiconductors Co.,Ltd. Class AOpen in the cockpit ↗

Tech Semiconductors Co.,Ltd. Class A300046.SZCompetitor analysis, valuation and peers

China · CNY·Information Technology›Semiconductors

Makes high-power semiconductor devices (thyristors, rectifiers, power modules) for steel, rail, motor-drive and defense uses.

≈ A small, decades-old Chinese high-power semiconductor maker for industrial power electroniMomentum weak 37

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$766M

US dollars, full cap

Free float

89%

of shares outstanding

$/day

$14.7M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-0.2 pp

WACC 9.6%

Hurdle

+47 pp

Req g minus delivered

Close · CNYCN¥21.58

1D-2.2%

1W+6.6%

1M-5.9%

3M-6.4%

6M-33.1%

YTD-37.8%

1Y-44.5%

ATR %4.5%

52w lowhigh48.0% off high

What Tech Semiconductors does

Makes high-power semiconductor devices (thyristors, rectifiers, power modules) for steel, rail, motor-drive and defense uses.

Sells thyristors and rectifier devices that handle very large currents, mostly into industrial equipment such as furnaces, motor drives and rail systems, so sales follow heavy-industry equipment spending. The core product line is decades old, and growth has had to come from newer uses such as power modules.

In one line: A small, decades-old Chinese high-power semiconductor maker for industrial power electroni.

Products and services

Power thyristors
Rectifier tubes
Power semiconductor modules

Customers

Steel/metal smelting equipment makers
Rail transit / transmission equipment makers
Motor drive and welding equipment makers

Where it sits in the supply chain

Semiconductors
IDM (high-power discretes)
Power thyristors, rectifiers, modules

What could go right

Rail transit and heavy-industry power device demand
Defense-related power electronics orders

What could go wrong

Weak capital-allocation track record
Slow-growth industrial end markets

Moat: narrow (installed base, process know-how). Long-established (since 1966) high-power device maker with defense/industrial qualifications, but a niche, low-growth market.

Headquarters: Hubei, China · Founded: 1966 · Employees: 550

Named competitors

Hangzhou Silan Microelectronics 600460.SS
Infineon Technologies IFX.DE
Mitsubishi Electric 6503.T
StarPower Semiconductor 603290.SS

Tech Semiconductors at a glance

Size Tech Semiconductors (300046.SZ) is a China Information Technology company (Semiconductors) with a market value of $766M, the 2866th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.58 on 6 Nov 2026.

Performance Over six months the shares fell 33.1%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 19 in its peer set.

Growth Revenue grew 26.8% over the last twelve months (peer median +22.4%); the operating margin is 7.5% (peer median -4.8%).

Valuation It trades at 9.2× enterprise value to sales against a peer median of 4.1× (3rd most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +47 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 0.2 points below its cost of capital (9.6% WACC).

Relative performance

Six months, rebased to 100: Tech Semiconductors against the median of its 20 peers (local-currency closes).

Tech Semiconductors financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥468M	CN¥357M	CN¥353M	CN¥318M	CN¥351M
Revenue growth	—	+1%	+11%	-9%	—
Gross profit	CN¥131M	CN¥95.8M	CN¥97.2M	CN¥67.1M	CN¥84.4M
EBITDA	n/a	CN¥46.5M	CN¥55.7M	CN¥22.3M	CN¥20.4M
Net income	CN¥52.5M	CN¥49.1M	CN¥25.3M	CN¥31.1M	CN¥19.7M
Free cash flow	CN¥36.0M	CN¥10.5M	CN¥68.2M	CN¥34.1M	CN¥4.15M
Capital expenditure	CN¥8.59M	CN¥11.3M	CN¥15.7M	CN¥37.4M	CN¥10.0M
Total debt	CN¥1.40M	CN¥1.72M	CN¥2.36M	CN¥10.1M	CN¥9.43M

Quarterly statements and history in the cockpit →

Tech Semiconductors competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Tech Semiconductors is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tech Semiconductors is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tech Semiconductors is the large dot.

Tech Semiconductors competitors and peer comparison

Head to head with its named competitors (300046.SZ vs 600460.SS vs IFX.DE vs 6503.T)
Company	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g
Tech Semiconductors 300046.SZ	$766M	-33%	+27%	8%	9.2×	45.7%
Hangzhou Silan Microelectronics 600460.SS	$5.93B	-18%	+12%	2%	3.2×	n/a
Infineon Technologies IFX.DE	$66.8B	-33%	+6%	13%	4.2×	30.2%
Mitsubishi Electric 6503.T	$59.9B	-28%	+12%	10%	1.4×	13.2%
StarPower Semiconductor 603290.SS	$2.50B	-33%	+4%	1%	4.3×	26.3%

How Tech Semiconductors compares with its peers

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.

Tech Semiconductors against its 20 peers (data as of 6 Nov 2026)
Measure	300046.SZ	Peer median	Rank in peer set
1-month return	-5.9%	-10.0%	6th highest of 21
6-month return	-33.1%	-25.6%	7th lowest of 19
Distance from 52-week high	-48.0%	-53.1%	10th highest of 21
Revenue growth (TTM)	+26.8%	+22.4%	11th highest of 21
Operating margin	7.5%	-4.8%	7th highest of 21
EV / Sales	9.2×	4.1×	3rd most expensive of 21
Growth the price implies (Req g, 7 yrs)	45.7%	9.2%	most demanding of 8
Growth delivered (Del g)	-1.6%	+4.5%	3rd lowest of 8
Hurdle (Req g minus delivered)	+47.3 pp	-1.4 pp	most demanding of 8
ROIC minus cost of capital	-0.2 pp	-7.1 pp	7th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Tech Semiconductors 300046.SZ	China	$766M	-33%	+27%	8%	9.2×	45.7%	-1.6%
Aeva Technologies AEVA	United States	$767M	-34%	+56%	-611%	33.4×	n/a	n/a
CEVA CEVA	United States	$763M	-27%	+9%	-10%	4.8×	n/a	n/a
Myson Century 5314.TWO	Taiwan	$759M	-39%	+235%	19%	5.9×	9.2%	+172.5%
Canadian Solar CSIQ	United States	$755M	-45%	-16%	-2%	1.7×	n/a	n/a
SENASIC Electronics Technology 6675.HK	Hong Kong	$779M	n/a	+45%	-11%	8.4×	n/a	n/a
Shenzhen Topray Solar 002218.SZ	China	$779M	-32%	-8%	-17%	6.7×	35.9%	-5.6%
PixArt Imaging 3227.TWO	Taiwan	$781M	-20%	+5%	18%	2.7×	0.0%	+2.3%
Infotmic 000670.SZ	China	$782M	-18%	+38%	2%	1.1×	n/a	n/a
Zhejiang MTCN Technology 003026.SZ	China	$742M	-24%	+29%	17%	9.5×	30.7%	+9.5%
Crealights Technology 1191.HK	Hong Kong	$790M	n/a	+42%	-7%	4.2×	n/a	n/a
Henan Ancai Hi-Tech 600207.SS	China	$797M	-13%	-41%	-39%	4.0×	n/a	n/a
Wuxi ETEK Microelectronics 688601.SS	China	$799M	-25%	+15%	-5%	5.7×	n/a	n/a
Changzhou Shichuang Energy 688429.SS	China	$733M	-13%	+30%	-38%	5.7×	n/a	n/a
Yuneng Technology 688348.SS	China	$729M	-39%	-40%	-58%	5.6×	n/a	n/a
SFA Semicon 036540.KS	South Korea	$728M	-27%	+37%	-4%	2.2×	n/a	n/a
Everlight Electronics 2393.TW	Taiwan	$807M	-17%	-3%	10%	0.8×	-11.7%	-1.9%
Hangzhou Star Shuaier Electric Appliance 002860.SZ	China	$810M	+16%	-14%	7%	2.5×	19.8%	+18.4%
Changzhou Galaxy Century Microelectronics 688689.SS	China	$723M	-9%	+29%	11%	3.1×	n/a	n/a
Alpha and Omega Semiconductor L AOSL	United States	$716M	-38%	-2%	-6%	0.8×	n/a	n/a
Hd Hyundai Energy Solutions 322000.KS	South Korea	$714M	-63%	+39%	16%	1.5×	3.2%	+4.5%

Questions

Who are Tech Semiconductors's main competitors?: Named competitors: Hangzhou Silan Microelectronics (600460.SS), Infineon Technologies (IFX.DE), Mitsubishi Electric (6503.T), StarPower Semiconductor (603290.SS). The cockpit's measured peer set (industry) also includes Aeva Technologies (AEVA), CEVA (CEVA), Myson Century (5314.TWO), Canadian Solar (CSIQ), SENASIC Electronics Technology (6675.HK), Shenzhen Topray Solar (002218.SZ).
Is Tech Semiconductors expensive compared with its peers?: On ev / sales it trades at 9.2× against a peer median of 4.1×, 3rd most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +47 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.
How has Tech Semiconductors stock performed?: Over six months to 6 Nov 2026 the shares returned -33.1% against -25.6% for the median peer; over one year -44.5%.