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Fabless analog chip designer making power management and signal-chain chips for consumer, industrial and automotive electronics.
Fabless analog chip designer making power management and signal-chain chips for consumer, industrial and automotive electronics.
Sells a broad catalogue of standard analog parts, mainly through distributors, to many equipment makers, so earnings come from volume of low-priced parts rather than a few big contracts. Once a part is designed into a product it tends to stay for the product's life.
In one line: China's Texas Instruments (analog chips), at a much smaller scale.
Moat: narrow (IP / patents, customer qualification). Broad analog IC portfolio and long design-in cycles typical of analog chips create sticky customer relationships.
Headquarters: Shenzhen, China · Founded: 2008 · Employees: 1,835
Size SG Micro (300661.SZ) is a China Information Technology company (Semiconductors) with a market value of $8.33B, the 300th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥80.81 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against -15.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 45.9% over the last twelve months (peer median +21.9%); the operating margin is 17.1% (peer median 9.8%).
Valuation It trades at 55.7× forward earnings against a peer median of 19.1× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is +9 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 8.1 points above its cost of capital (11.4% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.40B | CN¥3.89B | CN¥3.34B | CN¥2.61B | CN¥3.17B |
| Revenue growth | — | +17% | +28% | -18% | — |
| Gross profit | CN¥2.88B | CN¥1.87B | CN¥1.62B | CN¥1.21B | CN¥1.81B |
| EBITDA | n/a | CN¥598M | CN¥546M | CN¥297M | CN¥917M |
| Net income | CN¥943M | CN¥547M | CN¥500M | CN¥281M | CN¥874M |
| Free cash flow | CN¥509M | CN¥239M | CN¥309M | -CN¥62.6M | CN¥705M |
| Capital expenditure | CN¥454M | CN¥256M | CN¥240M | CN¥233M | CN¥260M |
| Total debt | CN¥693M | CN¥418M | CN¥105M | CN¥44.9M | CN¥57.6M |
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 |
|---|---|---|---|---|---|---|
| SG Micro 300661.SZ | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 24.6× | 23.3% |
| Analog Devices ADI | $176B | -13% | +34% | 36% | 22.4× | 27.8% |
| Silergy 6415.TW | $4.58B | -11% | +13% | 12% | 30.5× | n/a |
| Monolithic Power Systems MPWR | $58.1B | -26% | +40% | 30% | 28.3× | 39.6% |
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 | 300661.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.8% | -18.6% | 11th highest of 21 |
| 6-month return | -12.1% | -15.3% | 8th highest of 20 |
| Distance from 52-week high | -46.8% | -49.4% | 9th highest of 21 |
| Revenue growth (TTM) | +45.9% | +21.9% | 4th highest of 21 |
| Operating margin | 17.1% | 9.8% | 6th highest of 21 |
| Forward P/E | 55.7× | 19.1× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 35.9% | 23.1% | 3rd most demanding of 10 |
| Growth delivered (Del g) | +26.7% | +12.0% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | +9.2 pp | +1.0 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +8.1 pp | -3.2 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |
| VeriSilicon Microelectronics (Shanghai) 688521.SS | China | $8.31B | -63% | +39% | -23% | n/a | 40.5% | +15.9% |
| Amkor Technology AMKR | United States | $8.13B | -57% | +16% | 10% | 12.1× | n/a | n/a |
| Shenzhen Techwinsemi Technology 001309.SZ | China | $8.12B | -64% | +317% | 35% | 6.7× | n/a | n/a |
| Konfoong Materials International 300666.SZ | China | $8.09B | +9% | +35% | 10% | 53.5× | n/a | n/a |
| RMBS RMBS | United States | $7.98B | -42% | +17% | 37% | 19.9× | 24.5% | +23.5% |
| Nexchip Semiconductor 688249.SS | China | $8.80B | -17% | +14% | 7% | 66.4× | n/a | n/a |
| United Nova Technology 688469.SS | China | $8.92B | +4% | +42% | -10% | 102.1× | n/a | n/a |
| Ingenic Semiconductor 3223.HK | Hong Kong | $7.76B | n/a | +100% | 35% | 10.9× | -3.9% | +16.1% |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 45.0× | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% | +4.7% |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% | +0.5% |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | n/a | n/a | n/a |
| WAAREE Energies WAAREEENER.NS | India | $7.41B | -24% | +75% | 16% | 17.3× | n/a | n/a |
| Silicon Laboratories SLAB | United States | $7.39B | +2% | +22% | -3% | 60.3× | n/a | n/a |
| Alchip Technologies Limitd 3661.TW | Taiwan | $7.35B | -32% | -51% | 23% | 14.4× | n/a | n/a |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| Smartsens Technology (Shanghai) 688213.SS | China | $7.01B | +21% | +27% | 13% | 30.9× | 23.1% | +42.7% |
| Minebea Mitsumi 6479.T | Japan | $6.97B | -13% | +12% | 7% | 11.9× | 10.8% | +11.0% |
| Sanan Optoelectronics 600703.SS | China | $6.87B | -33% | -22% | -7% | n/a | n/a | n/a |