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Chinese fabless designer of low-power Wi-Fi and Bluetooth chips for IoT and audio devices.
Chinese fabless designer of low-power Wi-Fi and Bluetooth chips for IoT and audio devices.
Fabless, so it outsources chip production to foundries and earns from per-chip sales into high-volume consumer products such as earphones and speakers, where chips sell cheaply and volume matters. Wi-Fi and Bluetooth chips for IoT devices (everyday objects connected to the internet) add a second source.
In one line: A smaller, China-based Qualcomm/Realtek for IoT wireless chips.
Moat: narrow (IP / patents, process know-how). Fabless wireless-chip design IP built over years, though competitive vs larger rivals.
Headquarters: Shanghai, China · Employees: 283
Size Beken (603068.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $810M, the 2727th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.57 on 6 Nov 2026.
Performance Over six months the shares gained 0.2%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 35.0% over the last twelve months (peer median +8.7%); the operating margin is 1.0% (peer median 6.1%).
Valuation It trades at 3.9× enterprise value to sales against a peer median of 2.3× (6th most expensive of 21).
Capital Return on invested capital runs 6.9 points below 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¥1.18B | CN¥918M | CN¥827M | CN¥705M | CN¥713M |
| Revenue growth | — | +11% | +17% | -1% | — |
| Gross profit | CN¥340M | CN¥201M | CN¥217M | CN¥152M | CN¥128M |
| EBITDA | n/a | CN¥13.3M | CN¥967,180 | -CN¥90.3M | -CN¥256M |
| Net income | CN¥67.2M | CN¥22.2M | -CN¥24.7M | -CN¥94.0M | -CN¥238M |
| Free cash flow | -CN¥247M | CN¥95.1M | -CN¥152M | -CN¥1.70M | -CN¥236M |
| Capital expenditure | CN¥31.3M | CN¥23.8M | CN¥46.3M | CN¥44.1M | CN¥35.9M |
| Total debt | CN¥51.7M | CN¥102M | CN¥111M | CN¥44.8M | CN¥30.6M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Beken 603068.SS | $810M | 0% | +35% | 1% | 3.9× | n/a |
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 2.6× | 8.4% |
| Espressif Systems (Shanghai) 688018.SS | $5.61B | +30% | +23% | 19% | 11.7× | 36.0% |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 4.2× | 15.9% |
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 | 603068.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.2% | -14.7% | 10th lowest of 21 |
| 6-month return | +0.2% | -32.0% | 3rd highest of 20 |
| Distance from 52-week high | -28.8% | -51.6% | 4th highest of 21 |
| Revenue growth (TTM) | +35.0% | +8.7% | 3rd highest of 21 |
| Operating margin | 1.0% | 6.1% | 7th lowest of 21 |
| EV / Sales | 3.9× | 2.3× | 6th most expensive of 21 |
| ROIC minus cost of capital | -6.9 pp | +0.2 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beken 603068.SS | China | $810M | 0% | +35% | 1% | 3.9× | n/a | n/a |
| LianChuang Electronic Technology 002036.SZ | China | $818M | -42% | -32% | -25% | 2.4× | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | 3.0× | 17.5% | +9.6% |
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 0.2× | n/a | n/a |
| AcBel Polytech 6282.TW | Taiwan | $838M | -35% | +14% | 3% | 1.0× | 15.7% | +8.6% |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 0.8× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | 2.4× | n/a | n/a |
| Foxsemicon Integrated Technology 3413.TW | Taiwan | $778M | -29% | +16% | 13% | 1.1× | n/a | n/a |
| Japan Display 6740.T | Japan | $773M | -74% | -25% | -9% | 1.7× | n/a | n/a |
| Suzhou Shihua New Material Technology 688093.SS | China | $772M | -43% | -26% | 32% | 5.6× | 7.0% | +27.0% |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 2.1× | 2.8% | +3.7% |
| Ceres Power CWR.L | United Kingdom | $758M | -63% | -23% | -125% | 11.5× | n/a | n/a |
| Scanfil SCANFL.HE | Finland | $877M | -7% | +19% | 6% | 1.0× | 6.9% | +6.0% |
| Mitsui High-Tec 6966.T | Japan | $892M | +20% | +10% | 8% | 0.8× | n/a | n/a |
| Suzhou Wanxiang Technology 301180.SZ | China | $724M | -32% | +8% | 2% | 3.5× | 25.2% | +4.4% |
| Thinking Electronic Industrial 2428.TW | Taiwan | $721M | 0% | +11% | 23% | 2.1× | 0.8% | +6.3% |
| Shenzhen S-king Intelligent Equipment 688328.SS | China | $718M | -7% | +31% | 11% | 5.8× | 29.2% | +0.7% |
| Hangzhou Sunrise Technology 300360.SZ | China | $919M | -20% | -17% | 19% | 2.5× | -1.6% | +9.0% |
| Guoguang Electric Co., Ltd.Chengdu 688776.SS | China | $709M | -46% | -38% | -89% | 21.2× | n/a | n/a |
| Chengdu RML Technology 301050.SZ | China | $927M | -37% | -81% | -128% | 31.7× | 21.4% | +16.9% |
| JVCKENWOOD 6632.T | Japan | $694M | -34% | +2% | 7% | 0.3× | -17.0% | +5.5% |