Loading…
Chinese semiconductor distribution/agency business, sourcing and distributing chips to electronics manufacturers.
Chinese semiconductor distribution/agency business, sourcing and distributing chips to electronics manufacturers.
In one line: A Chinese semiconductor distributor like a smaller WPG Holdings.
Moat: none (distribution). Distribution-model business with limited pricing power and thin margins typical of chip distributors.
Headquarters: China · Employees: 680
Size Shannon Semiconductor Technology (300475.SZ) is a China Industrials company (Electronics Distributors) with a market value of $6.34B, the 394th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥90.05 on 6 Nov 2026.
Performance Over six months the shares fell 48.5%, against -21.7% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 237.5% over the last twelve months (peer median +22.6%); the operating margin is 8.0% (peer median 9.2%).
Valuation It trades at 4.8× forward earnings against a peer median of 31.8× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +167%, so the hurdle is -171 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.7 points above its cost of capital (9.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥115B | CN¥35.2B | CN¥24.3B | CN¥11.3B | CN¥13.8B |
| Revenue growth | — | +45% | +115% | -18% | — |
| Gross profit | CN¥11.2B | CN¥1.39B | CN¥1.03B | CN¥645M | CN¥600M |
| EBITDA | n/a | CN¥1.08B | CN¥632M | CN¥532M | CN¥461M |
| Net income | CN¥5.53B | CN¥545M | CN¥264M | CN¥378M | CN¥314M |
| Free cash flow | CN¥6.90B | CN¥1.45B | -CN¥56.4M | CN¥704M | -CN¥685M |
| Capital expenditure | CN¥23.3M | CN¥10.2M | CN¥20.3M | CN¥8.29M | CN¥4.53M |
| Total debt | CN¥32.5B | CN¥5.45B | CN¥3.29B | CN¥1.27B | CN¥1.79B |
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 |
|---|---|---|---|---|---|---|
| Shannon Semiconductor Technology 300475.SZ | $6.34B | -48% | +237% | 8% | 4.8× | -4.2% |
| WPG 3702.TW | $4.78B | -12% | +29% | 2% | 4.4× | n/a |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
| Avnet AVT | $6.52B | -3% | +44% | 4% | 5.5× | n/a |
| WT Microelectronics 3036.TW | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300475.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -37.9% | -5.7% | 2nd lowest of 21 |
| 6-month return | -48.5% | -21.7% | 3rd lowest of 21 |
| Distance from 52-week high | -72.4% | -50.3% | lowest of 21 |
| Revenue growth (TTM) | +237.5% | +22.6% | highest of 21 |
| Operating margin | 8.0% | 9.2% | 9th lowest of 21 |
| Forward P/E | 4.8× | 31.8× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -4.2% | 28.1% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +166.7% | +27.6% | highest of 12 |
| Hurdle (Req g minus delivered) | -170.9 pp | +1.6 pp | least demanding of 12 |
| ROIC minus cost of capital | +16.7 pp | -1.8 pp | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shannon Semiconductor Technology 300475.SZ | China | $6.34B | -48% | +237% | 8% | 4.8× | -4.2% | +166.7% |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 130.0× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Spring Airlines 601021.SS | China | $6.51B | -6% | +16% | 6% | 26.0× | n/a | n/a |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| China National Chemical Engineering 601117.SS | China | $6.68B | -15% | +2% | 5% | 6.4× | -17.3% | +11.6% |
| Sinotrans 601598.SS | China | $6.74B | +18% | -1% | 0% | 14.8× | 4.3% | +2.7% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzhou Tianmai Thermal Technology 301626.SZ | China | $5.67B | -24% | +122% | 8% | n/a | n/a | n/a |
| Air China Cargo 001391.SZ | China | $7.12B | -21% | +10% | 9% | n/a | n/a | n/a |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Yunnan Yuntianhua 600096.SS | China | $7.17B | -28% | -19% | 11% | 9.3× | -1.7% | -1.5% |