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Chinese fabless chipmaker known for storage controller chips (SSD/eMMC) and security/encryption chips for government use.
Chinese fabless chipmaker known for storage controller chips (SSD/eMMC) and security/encryption chips for government use.
Designs chips and has outside foundries make them, so income depends on winning slots in customers' products and selling controller chips, which manage how SSDs and memory cards store data, in large volumes. Security chips for government and enterprise use go through certification tied to national standards.
In one line: A Chinese Silicon Motion Technology plus government security-chip business.
Moat: narrow (IP / patents, regulatory licence). Security-chip business benefits from government certification requirements limiting competitors.
Headquarters: Changsha, China · Founded: 2007 · Employees: 873
Size Hunan Goke Microelectronics (300672.SZ) is a China Information Technology company (Semiconductors) with a market value of $4.24B, the 604th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥130.80 on 6 Nov 2026.
Performance Over six months the shares fell 26.6%, against -36.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 19 in its peer set.
Growth Revenue grew 54.1% over the last twelve months (peer median +22.6%); the operating margin is 5.4% (peer median 4.4%).
Valuation It trades at 56.9× forward earnings against a peer median of 22.5× (4th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is +26 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 4.7 points below its cost of capital (14.8% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.99B | CN¥1.79B | CN¥1.97B | CN¥4.23B | CN¥3.60B |
| Revenue growth | — | -9% | -53% | +17% | — |
| Gross profit | CN¥1.37B | CN¥347M | CN¥452M | CN¥470M | CN¥637M |
| EBITDA | n/a | -CN¥111M | CN¥204M | CN¥140M | CN¥329M |
| Net income | CN¥184M | -CN¥233M | CN¥97.2M | CN¥96.1M | CN¥152M |
| Free cash flow | CN¥537M | -CN¥337M | -CN¥684M | CN¥336M | CN¥298M |
| Capital expenditure | CN¥390M | CN¥464M | CN¥636M | CN¥554M | CN¥248M |
| Total debt | CN¥1.03B | CN¥1.93B | CN¥2.33B | CN¥1.70B | CN¥687M |
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 |
|---|---|---|---|---|---|---|
| Hunan Goke Microelectronics 300672.SZ | $4.24B | -27% | +54% | 5% | 56.9× | 46.0% |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | $5.52B | -36% | +104% | 21% | 8.4× | n/a |
| Phison Electronics 8299.TWO | $10.0B | -29% | +157% | 31% | 3.7× | n/a |
| Montage Technology 688008.SS | $25.5B | -13% | +33% | 42% | 43.7× | 39.7% |
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 | 300672.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.1% | -17.2% | 9th lowest of 21 |
| 6-month return | -26.6% | -36.9% | 9th highest of 19 |
| Distance from 52-week high | -65.3% | -54.3% | 4th lowest of 21 |
| Revenue growth (TTM) | +54.1% | +22.6% | 5th highest of 21 |
| Operating margin | 5.4% | 4.4% | 11th highest of 21 |
| Forward P/E | 56.9× | 22.5× | 4th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 46.0% | 25.9% | most demanding of 9 |
| Growth delivered (Del g) | +19.7% | +8.5% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +26.3 pp | +15.5 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -4.7 pp | -5.7 pp | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hunan Goke Microelectronics 300672.SZ | China | $4.24B | -27% | +54% | 5% | 56.9× | 46.0% | +19.7% |
| Shanghai Aiko Solar Energy 600732.SS | China | $4.23B | -13% | +25% | -8% | n/a | n/a | n/a |
| Applied Optoelectronics AAOI | United States | $4.26B | -66% | +62% | -11% | 23.5× | n/a | n/a |
| Premier Energies PREMIERENE.NS | India | $4.28B | -13% | +32% | 25% | 19.7× | n/a | n/a |
| Hanwha Solutions 009830.KS | South Korea | $4.30B | -49% | +14% | 0% | 20.1× | n/a | n/a |
| eMemory Technology 3529.TWO | Taiwan | $4.17B | -58% | +17% | 61% | 45.0× | 32.2% | +16.7% |
| Shenzhen Goodix Technology 603160.SS | China | $4.35B | -2% | -7% | 6% | 51.0× | 26.7% | -6.8% |
| Bestechnic (Shanghai) 688608.SS | China | $4.41B | +2% | -26% | 8% | 50.6× | 42.7% | +27.1% |
| Jiangsu Leadmicro Nano Technology 688147.SS | China | $4.06B | -26% | -5% | 3% | 82.1× | n/a | n/a |
| Chongqing Genori Technology 688797.SS | China | $4.45B | n/a | +37% | 29% | n/a | n/a | n/a |
| Chengdu Ultra Pure Applied Materials 301717.SZ | China | $4.03B | n/a | +93% | 42% | n/a | n/a | n/a |
| Allwinner Technology 300458.SZ | China | $4.02B | -25% | +26% | 15% | 57.3× | n/a | n/a |
| MaxLinear MXL | United States | $4.48B | -51% | +56% | -1% | 12.1× | n/a | n/a |
| Maxscend Microelectronics 300782.SZ | China | $4.51B | -47% | -6% | -25% | n/a | n/a | n/a |
| Macronix International 2337.TW | Taiwan | $4.52B | -53% | +127% | 38% | 1.8× | -7.5% | -6.2% |
| Shanghai Fudan Microelectronics 1385.HK | Hong Kong | $4.55B | -48% | +21% | 13% | 12.7× | 19.3% | +18.1% |
| Trina Solar 688599.SS | China | $3.90B | -36% | -3% | -9% | n/a | -4.3% | +17.9% |
| Powertech Technology 6239.TW | Taiwan | $4.61B | -11% | +24% | 13% | 13.2× | n/a | n/a |
| Synaptics SYNA | United States | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% | -2.2% |
| Loongson Technology 688047.SS | China | $3.86B | -44% | +24% | -76% | n/a | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |