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Chinese fabless designer of Bluetooth and short-range wireless communication chips/modules.
Chinese fabless designer of Bluetooth and short-range wireless communication chips/modules.
In one line: A small Chinese Bluetooth-chip fabless designer.
Moat: narrow (IP / patents). Wireless-chip IP and certification give a modest edge over generic module assemblers.
Headquarters: Shenzhen, China · Employees: 478
Size Flaircomm Microelectronics (301600.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.04B, the 2232nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥70.31 on 6 Nov 2026.
Performance Over six months the shares fell 35.5%, against -25.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 19.4% over the last twelve months (peer median +5.6%); the operating margin is 9.2% (peer median -2.4%).
Valuation It trades at 32.0× forward earnings against a peer median of 39.8× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.1 points above its cost of capital (8.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.15B | CN¥945M | CN¥1.02B | CN¥811M | CN¥579M |
| Revenue growth | — | -7% | +26% | +40% | — |
| Gross profit | CN¥257M | CN¥257M | CN¥292M | CN¥217M | CN¥161M |
| EBITDA | n/a | CN¥156M | CN¥190M | CN¥132M | CN¥93.7M |
| Net income | CN¥108M | CN¥159M | CN¥175M | CN¥128M | CN¥85.6M |
| Free cash flow | CN¥191M | CN¥163M | CN¥44.9M | CN¥113M | CN¥69.9M |
| Capital expenditure | CN¥65.5M | CN¥27.5M | CN¥4.77M | CN¥6.78M | CN¥7.87M |
| Total debt | CN¥180M | CN¥112M | CN¥134M | CN¥111M | CN¥82.9M |
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 |
|---|---|---|---|---|---|---|
| Flaircomm Microelectronics 301600.SZ | $1.04B | -35% | +19% | 9% | 32.0× | 27.2% |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% |
| Bestechnic (Shanghai) 688608.SS | $4.41B | +2% | -26% | 8% | 50.6× | 42.7% |
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 | 301600.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | -8.0% | 5th highest of 20 |
| 6-month return | -35.5% | -25.4% | 7th lowest of 20 |
| Distance from 52-week high | -52.1% | -46.2% | 8th lowest of 20 |
| Revenue growth (TTM) | +19.4% | +5.6% | 8th highest of 21 |
| Operating margin | 9.2% | -2.4% | 5th highest of 21 |
| Forward P/E | 32.0× | 39.8× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 27.2% | 13.2% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +29.1% | -1.0% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -1.8 pp | +10.9 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +16.1 pp | -7.7 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 32.0× | 27.2% | +29.1% |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 11.6× | 10.0% | -1.0% |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | n/a | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | n/a | n/a | n/a |
| Sumavision Technologies 300079.SZ | China | $1.01B | -14% | -6% | -8% | n/a | n/a | n/a |
| Invisio IVSO.ST | Sweden | $1.00B | -15% | +24% | 18% | 39.8× | 13.2% | +26.7% |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 14.7× | n/a | n/a |
| Nanjing Panda Electronics 0553.HK | Hong Kong | $999M | -42% | +36% | -7% | n/a | n/a | n/a |
| Huizhou Speed Wireless Technology 300322.SZ | China | $991M | -52% | +25% | 3% | 62.4× | n/a | n/a |
| santec 6777.T | Japan | $984M | -53% | +45% | 33% | 15.5× | 23.5% | +33.2% |
| Synspective 290A.T | Japan | $950M | -16% | +5% | -196% | 52.9× | n/a | n/a |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | n/a | 20.4% | -1.0% |
| Wuhan Fingu Electronic Technology 002194.SZ | China | $914M | -19% | -9% | -2% | n/a | n/a | n/a |
| Chengdu Spaceon Electronics 002935.SZ | China | $909M | -37% | +1% | 5% | 43.5× | 49.9% | +1.3% |
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 9.8× | n/a | n/a |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 113.3× | -2.7% | -3.1% |
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | n/a | n/a | n/a |
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | n/a | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 47.2× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | n/a | n/a | n/a |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 8.7× | -4.6% | -25.5% |