Loading…
Chinese company supplying materials or equipment to the semiconductor industry.
Chinese company supplying materials or equipment to the semiconductor industry.
Moat: none
Headquarters: Shenzhen, China · Employees: 1,820
Size Shenzhen Leading Semiconductor Industry (603991.SS) is a China Materials company (Industrial Specialties) with a market value of $2.60B, the 999th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥125.66 on 6 Nov 2026.
Performance Over six months the shares gained 11.6%, against -1.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 995.7% over the last twelve months (peer median +13.0%); the operating margin is 9.5% (peer median 13.5%).
Valuation It trades at 4.8× enterprise value to sales against a peer median of 4.9× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +10 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 3.0 points above its cost of capital (7.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.53B | CN¥549M | CN¥364M | CN¥239M | CN¥129M |
| Revenue growth | — | +51% | +52% | +85% | — |
| Gross profit | CN¥807M | CN¥77.0M | CN¥45.8M | CN¥31.0M | CN¥4.80M |
| EBITDA | n/a | CN¥22.0M | CN¥10.4M | -CN¥7.52M | -CN¥28.2M |
| Net income | CN¥320M | -CN¥46.6M | -CN¥30.5M | -CN¥44.4M | -CN¥16.8M |
| Free cash flow | CN¥203M | -CN¥19.2M | -CN¥26.7M | -CN¥42.1M | n/a |
| Capital expenditure | CN¥94.1M | CN¥5.33M | CN¥60,702 | CN¥250,990 | n/a |
| Total debt | CN¥285M | CN¥767M | CN¥71.7M | CN¥123M | CN¥60.4M |
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.
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 | 603991.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.4% | -12.9% | 2nd lowest of 21 |
| 6-month return | +11.6% | -1.2% | 8th highest of 20 |
| Distance from 52-week high | -33.5% | -41.1% | 10th highest of 21 |
| Revenue growth (TTM) | +995.7% | +13.0% | highest of 21 |
| Operating margin | 9.5% | 13.5% | 7th lowest of 21 |
| EV / Sales | 4.8× | 4.9× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.7% | 23.4% | 7th least demanding of 14 |
| Growth delivered (Del g) | +12.0% | +12.1% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | +9.7 pp | +2.3 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | +3.0 pp | -0.1 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Leading Semiconductor Industry 603991.SS | China | $2.60B | +12% | +996% | 10% | 4.8× | 21.7% | +12.0% |
| Xizang Gaozheng Civil Explosives 002827.SZ | China | $2.53B | +92% | -1% | 12% | 10.4× | n/a | n/a |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 7% | 0.7× | -1.0% | +8.5% |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 11% | 1.3× | 3.5% | +4.5% |
| Shaanxi Huaqin Technology Industry 688281.SS | China | $2.50B | -18% | +31% | 15% | 9.8× | 27.5% | +24.7% |
| Quanzhou Jiadeli Electronic Materials 603435.SS | China | $2.49B | n/a | +4% | 38% | 21.3× | n/a | n/a |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -22% | 1.9× | n/a | n/a |
| Sichuan Yahua Industrial 002497.SZ | China | $2.48B | -56% | +69% | 18% | 1.4× | n/a | n/a |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 10% | 14.9× | n/a | n/a |
| Pamica Technology 001359.SZ | China | $2.41B | -1% | +23% | 23% | 10.9× | 38.0% | +12.1% |
| UFP Technologies UFPT | United States | $2.35B | +32% | +9% | 15% | 3.7× | 17.8% | +27.4% |
| Zeon 4205.T | Japan | $2.34B | +6% | +4% | 11% | 0.8× | -1.5% | +6.4% |
| Flat Glass 6865.HK | Hong Kong | $2.87B | -40% | -20% | -2% | 2.4× | 11.2% | +19.1% |
| Henan Huanghe Whirlwind 600172.SS | China | $2.27B | +29% | +13% | -30% | 11.8× | n/a | n/a |
| WD-40 WDFC | United States | $2.97B | +6% | +11% | 16% | 4.4× | 2.2% | +7.1% |
| Grindwell Norton GRINDWELL.NS | India | $2.25B | +16% | +14% | 16% | 6.2× | 37.8% | +13.4% |
| Jiangsu Shemar Electric 603530.SS | China | $2.23B | -44% | +17% | 29% | 7.9× | 23.4% | +21.1% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 5.2× | n/a | n/a |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 19% | 11.1× | 34.8% | +9.6% |
| Zhejiang Fulai New Material 605488.SS | China | $2.21B | +47% | +19% | 2% | 4.6× | 31.8% | +17.6% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 2.1× | 27.7% | +8.9% |