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Chinese PCB maker producing high-multilayer, HDI and rigid-flex boards for communications equipment, AI servers and smart terminals.
Chinese PCB maker producing high-multilayer, HDI and rigid-flex boards for communications equipment, AI servers and smart terminals.
Now almost wholly a circuit-board maker, having shed the PC and typesetting businesses that gave the Founder brand its fame. Its parent, Peking University Founder Group, went through court-led debt restructuring from 2020.
In one line: A China-based PCB maker akin to a smaller TTM Technologies.
Moat: none (process know-how). Commodity multilayer PCB manufacturer in a fragmented, price-competitive industry; its once-dominant PC/typesetting business was restructured away.
Headquarters: Shanghai, China · Founded: 1985 · Employees: 6,615
Size Founder Technology (600601.SS) is a China Information Technology company (Electronic Components) with a market value of $5.70B, the 436th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.57 on 6 Nov 2026.
Performance Over six months the shares fell 26.6%, against -14.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 73.3% over the last twelve months (peer median +19.7%); the operating margin is 19.5% (peer median 11.2%).
Valuation It trades at 47.6× forward earnings against a peer median of 28.2× (8th most expensive of 19).
Capital Return on invested capital runs 4.6 points above its cost of capital (10.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.67B | CN¥4.93B | CN¥3.47B | CN¥3.14B | CN¥4.85B |
| Revenue growth | — | +42% | +11% | -35% | — |
| Gross profit | CN¥2.79B | CN¥1.18B | CN¥718M | CN¥525M | CN¥693M |
| EBITDA | n/a | CN¥846M | CN¥527M | CN¥385M | CN¥134M |
| Net income | CN¥1.34B | CN¥472M | CN¥257M | CN¥135M | -CN¥424M |
| Free cash flow | -CN¥1.21B | -CN¥1.07B | -CN¥670M | -CN¥214M | CN¥75.1M |
| Capital expenditure | CN¥2.47B | CN¥1.68B | CN¥1.11B | CN¥694M | CN¥403M |
| Total debt | CN¥3.97B | CN¥2.69B | CN¥1.45B | CN¥695M | CN¥640M |
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 |
|---|---|---|---|---|---|---|
| Founder Technology 600601.SS | $5.70B | -27% | +73% | 19% | 47.6× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 22.6× | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | $18.3B | -62% | +38% | 26% | 17.2× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
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 | 600601.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.2% | -32.2% | 11th highest of 21 |
| 6-month return | -26.6% | -14.6% | 9th lowest of 21 |
| Distance from 52-week high | -46.0% | -52.4% | 8th highest of 21 |
| Revenue growth (TTM) | +73.3% | +19.7% | 3rd highest of 21 |
| Operating margin | 19.5% | 11.2% | 5th highest of 21 |
| Forward P/E | 47.6× | 28.2× | 8th most expensive of 19 |
| ROIC minus cost of capital | +4.6 pp | -2.2 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 57.3× | n/a | n/a |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 10.7× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | n/a | 53.4% | +36.1% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 202.4× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 25.9× | 46.0% | +6.6% |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| TTM Technologies TTMI | United States | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% | +6.7% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 18.6× | n/a | n/a |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |