Loading…
One of China's largest makers of discrete semiconductors — diodes, MOSFETs and IGBTs — for power electronics.
One of China's largest makers of discrete semiconductors — diodes, MOSFETs and IGBTs — for power electronics.
Makes its own chips from wafer to packaged part and sells them in large volumes at competitive prices, so scale and factory utilisation drive the business more than any single product. It sells to overseas buyers as well as Chinese makers.
In one line: A Chinese ON Semiconductor for discrete power devices.
Moat: narrow (scale, process know-how). Large domestic manufacturing scale and vertical integration into chip fabrication for discretes.
Headquarters: Yangzhou, China · Founded: 1997 · Employees: 7,910
Size Yangzhou Yangjie Electronic Technology (300373.SZ) is a China Information Technology company (Semiconductors) with a market value of $5.99B, the 417th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥73.41 on 6 Nov 2026.
Performance Over six months the shares fell 3.3%, against -25.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 29.1% over the last twelve months (peer median +26.0%); the operating margin is 18.2% (peer median 16.8%).
Valuation It trades at 22.4× forward earnings against a peer median of 41.1× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.9 points above its cost of capital (10.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.97B | CN¥7.10B | CN¥6.01B | CN¥5.39B | CN¥5.40B |
| Revenue growth | — | +18% | +12% | 0% | — |
| Gross profit | CN¥3.68B | CN¥2.32B | CN¥1.87B | CN¥1.51B | CN¥1.90B |
| EBITDA | n/a | CN¥1.92B | CN¥1.62B | CN¥1.26B | CN¥1.53B |
| Net income | CN¥1.52B | CN¥1.26B | CN¥1.00B | CN¥924M | CN¥1.06B |
| Free cash flow | CN¥570M | CN¥706M | CN¥535M | CN¥451M | -CN¥6.89M |
| Capital expenditure | CN¥1.03B | CN¥1.02B | CN¥863M | CN¥457M | CN¥837M |
| Total debt | CN¥3.52B | CN¥3.56B | CN¥2.55B | CN¥1.73B | CN¥1.19B |
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 |
|---|---|---|---|---|---|---|
| Yangzhou Yangjie Electronic Technology 300373.SZ | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% |
| StarPower Semiconductor 603290.SS | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
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 | 300373.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.4% | -20.9% | 8th highest of 21 |
| 6-month return | -3.3% | -25.5% | 6th highest of 20 |
| Distance from 52-week high | -54.7% | -53.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +29.1% | +26.0% | 11th highest of 21 |
| Operating margin | 18.2% | 16.8% | 9th highest of 21 |
| Forward P/E | 22.4× | 41.1× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 18.1% | 23.4% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +22.3% | +16.7% | 4th highest of 9 |
| Hurdle (Req g minus delivered) | -4.1 pp | +10.8 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +4.9 pp | -3.6 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | n/a | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | 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 |
| 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 |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 161.4× | n/a | n/a |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% | +13.5% |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 8.4× | n/a | n/a |
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | n/a | 19.6% | +20.0% |
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% | +3.8% |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 52.7× | 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 |
| Rohm 6963.T | Japan | $6.76B | -19% | +12% | 4% | 24.3× | n/a | n/a |