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Fabless designer of security/MCU chips (smart-card, SIM, general MCU), dual-listed in Shenzhen and Hong Kong.
Fabless designer of security/MCU chips (smart-card, SIM, general MCU), dual-listed in Shenzhen and Hong Kong.
Sells chips designed in-house and built by outside foundries, in volume to device and card makers. Security chips for smart cards and SIMs are the long-standing base, and general-purpose microcontrollers, the small processors that run appliances and IoT gadgets, are the other core line, competing with many Chinese and foreign rivals.
In one line: A small Chinese secure-MCU designer, similar niche to NXP's security chip business.
Moat: narrow (IP / patents, regulatory licence). Grew out of China's national '909' IC program with security-chip credentials; still a competitive fabless MCU market.
Headquarters: Shenzhen, China · Founded: 2000 · Employees: 1,112
Size NSING Technologies (300077.SZ) is a China Information Technology company (Semiconductors) with a market value of $1.61B, the 1537th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.58 on 6 Nov 2026.
Performance Over six months the shares fell 32.4%, against -18.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 47.2% over the last twelve months (peer median +13.0%); the operating margin is 1.1% (peer median 7.1%).
Valuation It trades at 6.5× enterprise value to sales against a peer median of 4.6× (8th most expensive of 21).
Capital Return on invested capital runs 8.2 points below its cost of capital (11.1% WACC).
Next results Next results expected around 8 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.92B | CN¥1.36B | CN¥1.16B | CN¥1.04B | CN¥1.19B |
| Revenue growth | — | +17% | +12% | -13% | — |
| Gross profit | CN¥467M | CN¥192M | CN¥158M | CN¥39.5M | CN¥369M |
| EBITDA | n/a | CN¥80.1M | -CN¥82.4M | -CN¥289M | CN¥31.0M |
| Net income | -CN¥32.7M | -CN¥115M | -CN¥235M | -CN¥572M | -CN¥32.5M |
| Free cash flow | -CN¥663M | -CN¥205M | -CN¥305M | -CN¥293M | -CN¥722M |
| Capital expenditure | CN¥311M | CN¥214M | CN¥186M | CN¥200M | CN¥165M |
| Total debt | CN¥2.72B | CN¥2.07B | CN¥2.21B | CN¥2.18B | CN¥1.67B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| NSING Technologies 300077.SZ | $1.61B | -32% | +47% | 1% | 6.5× | n/a |
| Unigroup Guoxin Microelectronics 002049.SZ | $6.37B | -35% | -1% | 18% | 6.9× | 24.4% |
| Giga Device Semiconductor 603986.SS | $25.3B | -23% | +166% | 50% | 6.6× | 16.5% |
| STM STM | $41.0B | -29% | +16% | 7% | 2.9× | 38.6% |
| Nuvoton Technology 4919.TW | $1.22B | -46% | 0% | -5% | 1.2× | 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 | 300077.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -17.9% | 9th lowest of 20 |
| 6-month return | -32.4% | -18.7% | 6th lowest of 20 |
| Distance from 52-week high | -53.5% | -46.3% | 8th lowest of 21 |
| Revenue growth (TTM) | +47.2% | +13.0% | 5th highest of 21 |
| Operating margin | 1.1% | 7.1% | 8th lowest of 21 |
| EV / Sales | 6.5× | 4.6× | 8th most expensive of 21 |
| ROIC minus cost of capital | -8.2 pp | -6.7 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | 6.5× | n/a | n/a |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 0.8× | 6.5% | +3.8% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | 4.8× | n/a | n/a |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 22.0× | 44.7% | +18.0% |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 11.2× | n/a | n/a |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 1.6× | 6.4% | +8.7% |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 11.0× | 35.8% | +1.0% |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | 5.8× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | 58.9× | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | 10.3× | 38.0% | +13.0% |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | 11.1× | n/a | n/a |
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 2.5× | 1.6% | +2.7% |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 2.9× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | 3.1× | 38.4% | -4.7% |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 1.0× | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | 4.4× | n/a | n/a |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 2.0× | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 5.2× | 12.7% | +8.4% |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 17.2× | n/a | n/a |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 3.3× | 10.4% | +6.2% |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 1.4× | 30.3% | -1.3% |