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Fabless designer of image-signal-processor (ISP) SoCs used in security cameras and video surveillance systems.
Fabless designer of image-signal-processor (ISP) SoCs used in security cameras and video surveillance systems.
In one line: A small Chinese security-camera chip designer, competing with Ambarella/Sigmastar.
Moat: none (process know-how). Fabless SoC designer in a crowded, price-competitive security-camera chip market dominated by larger rivals.
Headquarters: Shanghai, China · Employees: 543
Size Shanghai Fullhan Microelectronics (300613.SZ) is a China Information Technology company (Semiconductors) with a market value of $2.35B, the 1091st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥67.30 on 6 Nov 2026.
Performance Over six months the shares gained 14.0%, against -35.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 90.7% over the last twelve months (peer median +18.1%); the operating margin is 25.6% (peer median 7.4%).
Valuation It trades at 43.1× forward earnings against a peer median of 30.4× (8th most expensive of 18).
Capital Return on invested capital runs 7.3 points above its cost of capital (13.7% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.10B | CN¥1.68B | CN¥1.79B | CN¥1.81B | CN¥2.10B |
| Revenue growth | — | -6% | -1% | -14% | — |
| Gross profit | CN¥1.44B | CN¥494M | CN¥545M | CN¥568M | CN¥671M |
| EBITDA | n/a | CN¥273M | CN¥370M | CN¥378M | CN¥519M |
| Net income | CN¥838M | CN¥145M | CN¥258M | CN¥252M | CN¥398M |
| Free cash flow | -CN¥481M | CN¥387M | CN¥183M | CN¥324M | CN¥523M |
| Capital expenditure | CN¥60.7M | CN¥59.8M | CN¥105M | CN¥135M | CN¥99.8M |
| Total debt | CN¥830M | CN¥727M | CN¥636M | CN¥644M | CN¥669M |
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 |
|---|---|---|---|---|---|---|
| Shanghai Fullhan Microelectronics 300613.SZ | $2.35B | +14% | +91% | 26% | 43.1× | n/a |
| Sigmastar Technology 301536.SZ | $5.41B | +4% | +99% | 31% | n/a | 19.6% |
| Ambarella AMBA | $2.58B | -23% | +20% | -15% | 66.0× | n/a |
| Novatek Microelectronics 3034.TW | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% |
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 | 300613.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -21.4% | 6th highest of 21 |
| 6-month return | +14.0% | -35.0% | 2nd highest of 21 |
| Distance from 52-week high | -25.1% | -58.7% | 2nd highest of 21 |
| Revenue growth (TTM) | +90.7% | +18.1% | highest of 21 |
| Operating margin | 25.6% | 7.4% | 4th highest of 21 |
| Forward P/E | 43.1× | 30.4× | 8th most expensive of 18 |
| ROIC minus cost of capital | +7.3 pp | -5.5 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | n/a | n/a | n/a |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 144.5× | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 180.7× | n/a | n/a |