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Guangzhou contract chipmaker producing 12-inch wafers at mature 180nm-55nm nodes for outside chip designers.
Guangzhou contract chipmaker producing 12-inch wafers at mature 180nm-55nm nodes for outside chip designers.
Manufactures chips to other companies' designs on 12-inch wafers and is paid per wafer processed, so results depend on how full its fab is kept. Strategic investors in its October 2026 Shenzhen listing included Alibaba's cloud arm, chip designer Goodix and memory maker Biwin. It is a newer entrant in China's crowded older-generation chipmaking segment.
In one line: A small, China-based GlobalFoundries.
Moat: narrow (customer qualification). Designers take months to qualify a fab line; China's local-supply push helps fill capacity.
Headquarters: Guangzhou, China · Founded: 2017
Size Cansemi Technology (301660.SZ) is a China Information Technology company (Semiconductors) with a market value of $11.8B, the 209th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.40 on 6 Nov 2026.
Growth Revenue grew 53.6% over the last twelve months (peer median +23.5%); the operating margin is -98.7% (peer median 11.4%).
Valuation It trades at 38.4× enterprise value to sales against a peer median of 8.1× (3rd most expensive of 21).
Capital Return on invested capital runs 16.4 points below its cost of capital (9.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥2.58B | CN¥1.68B | CN¥1.04B | CN¥1.55B |
| Revenue growth | — | +54% | +61% | -32% | — |
| Gross profit | n/a | -CN¥1.64B | -CN¥1.43B | -CN¥1.51B | -CN¥683M |
| EBITDA | n/a | -CN¥95.2M | -CN¥442M | -CN¥658M | -CN¥16.4M |
| Net income | n/a | -CN¥2.35B | -CN¥2.25B | -CN¥1.92B | -CN¥1.04B |
| Free cash flow | n/a | -CN¥1.78B | -CN¥4.44B | -CN¥3.98B | -CN¥3.80B |
| Capital expenditure | n/a | CN¥2.42B | CN¥5.15B | CN¥4.11B | CN¥4.54B |
| Total debt | CN¥18.9B | CN¥17.2B | CN¥10.6B | CN¥9.39B | CN¥9.30B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Cansemi Technology 301660.SZ | $11.8B | n/a | +54% | -99% | 38.4× | n/a |
| SMIC 0981.HK | $76.7B | -41% | +20% | 9% | 8.6× | n/a |
| Hua Hong Grace Semiconductor 688347.SS | $25.5B | +23% | +18% | -2% | 10.1× | n/a |
| Nexchip Semiconductor 688249.SS | $8.80B | -17% | +14% | 7% | 6.5× | n/a |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 4.1× | 14.2% |
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 | 301660.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| Distance from 52-week high | -39.1% | -48.5% | 6th highest of 21 |
| Revenue growth (TTM) | +53.6% | +23.5% | 5th highest of 21 |
| Operating margin | -98.7% | 11.4% | lowest of 21 |
| EV / Sales | 38.4× | 8.1× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -16.4 pp | +3.3 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | 38.4× | n/a | n/a |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 2.1× | n/a | n/a |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 1.9× | n/a | n/a |
| Yuanjie Semiconductor Technology 688498.SS | China | $11.2B | -45% | +300% | 64% | 40.7× | n/a | n/a |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 28.9× | n/a | n/a |
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 2.6× | 8.4% | +9.6% |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 2.5× | n/a | n/a |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 15.1× | 39.3% | +18.7% |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | 16.4× | n/a | n/a |
| JCET 600584.SS | China | $14.1B | +15% | +4% | 6% | 2.6× | n/a | n/a |
| LONGi Green Energy Technology 601012.SS | China | $14.1B | -25% | -16% | -12% | 1.4× | n/a | n/a |
| ASPEED Technology 5274.TWO | Taiwan | $14.3B | -30% | +40% | 53% | 39.3× | 41.3% | +24.3% |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 4.5× | 25.7% | +9.7% |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 8.5× | 51.8% | +12.0% |
| Nexchip Semiconductor 2249.HK | Hong Kong | $9.55B | n/a | +20% | 7% | 7.1× | n/a | n/a |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 16.4× | 36.4% | +14.6% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 19.4× | n/a | n/a |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | 24.4× | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 2.5× | -4.2% | +4.7% |
| Hwatsing Technology 688120.SS | China | $15.4B | +42% | +36% | 18% | 16.9× | 41.8% | +64.4% |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 7.8× | 25.9% | +4.4% |