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IC packaging and testing subsidiary of ASE Technology Holding, operating assembly/test facilities mainly in mainland China.
IC packaging and testing subsidiary of ASE Technology Holding, operating assembly/test facilities mainly in mainland China.
Is paid a processing fee per unit to assemble and test chips for designers who own no factories, so earnings follow customers' order volumes and how fully its factories run. ASE Technology, the world's largest chip packaging and testing company, is its parent.
In one line: A China-based packaging arm of the world's largest OSAT group.
Moat: narrow (scale, process know-how). Backed by ASE Group's scale and process expertise, operating in China's IC assembly market.
Headquarters: Kunshan, China (Taiwan-listed) · Employees: 3,124
Size ShunSin Technology (6451.TW) is a Taiwan Information Technology company (Computer Peripherals) with a market value of $866M, the 297th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$243.00 on 6 Nov 2026.
Performance Over six months the shares fell 53.4%, against -16.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +17.2%); the operating margin is 3.9% (peer median 5.7%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 1.8× (9th most expensive of 21).
Capital Return on invested capital runs 4.9 points below its cost of capital (6.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$7.34B | NT$7.53B | NT$5.19B | NT$5.21B | NT$5.32B |
| Revenue growth | — | +45% | 0% | -2% | — |
| Gross profit | NT$1.24B | NT$1.06B | NT$542M | NT$1.15B | NT$577M |
| EBITDA | NT$1.04B | NT$880M | NT$410M | NT$778M | NT$431M |
| Net income | NT$123M | NT$27.5M | NT$42.7M | NT$434M | NT$206M |
| Free cash flow | -NT$1.66B | -NT$2.60B | -NT$597M | NT$727M | -NT$1.30B |
| Capital expenditure | NT$1.77B | NT$1.82B | NT$993M | NT$869M | NT$1.89B |
| Total debt | NT$9.16B | NT$9.67B | NT$7.33B | NT$6.07B | NT$7.81B |
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 |
|---|---|---|---|---|---|---|
| ShunSin Technology 6451.TW | $866M | -53% | +8% | 4% | 4.2× | n/a |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 3.4× | n/a |
| Amkor Technology AMKR | $8.13B | -57% | +16% | 10% | 1.1× | n/a |
| JCET 600584.SS | $14.1B | +15% | +4% | 6% | 2.6× | n/a |
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 | 6451.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.8% | -13.8% | lowest of 21 |
| 6-month return | -53.4% | -16.1% | lowest of 21 |
| Distance from 52-week high | -67.9% | -39.1% | lowest of 21 |
| Revenue growth (TTM) | +7.5% | +17.2% | 7th lowest of 21 |
| Operating margin | 3.9% | 5.7% | 10th lowest of 21 |
| EV / Sales | 4.2× | 1.8× | 9th most expensive of 21 |
| ROIC minus cost of capital | -4.9 pp | +0.4 pp | 7th lowest of 20 |
| EV / EBITDA | 29.5× | 8.2× | most expensive of 10 |
| Net debt / EBITDA | 0.7× | -1.1× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ShunSin Technology 6451.TW | Taiwan | $866M | -53% | +8% | 4% | 4.2× | n/a | n/a |
| Ai Holdings Corporation 3076.T | Japan | $885M | +10% | +28% | 13% | 1.0× | -6.9% | +13.0% |
| Beijing Certificate Authority 300579.SZ | China | $912M | -15% | -11% | -11% | 6.6× | 29.0% | -0.4% |
| Mirle Automation 2464.TW | Taiwan | $928M | +19% | -4% | 1% | 4.2× | n/a | n/a |
| Hitevision 002955.SZ | China | $928M | +2% | -2% | 3% | 1.6× | n/a | n/a |
| Shandong New Beiyang Information Technology 002376.SZ | China | $794M | -9% | +21% | 0% | 1.9× | 23.8% | +3.1% |
| Plover Bay Technologies 1523.HK | Hong Kong | $959M | -22% | +16% | 42% | 6.5× | 3.8% | +19.9% |
| Shenzhen Rapoo Technology 002577.SZ | China | $754M | +4% | +11% | -2% | 10.1× | n/a | n/a |
| Primax Electronics 4915.TW | Taiwan | $744M | -29% | +9% | 4% | 0.3× | n/a | n/a |
| Fujian Furi Electronics 600203.SS | China | $736M | -32% | +35% | 0% | 0.5× | n/a | n/a |
| Chengdu Galaxy Magnets 300127.SZ | China | $1.06B | -30% | +29% | 21% | 6.2× | 25.3% | +7.4% |
| Elecom 6750.T | Japan | $1.07B | +14% | +15% | 12% | 0.8× | -9.4% | +4.3% |
| Urovo Technology 300531.SZ | China | $693M | -23% | +33% | 8% | 2.6× | n/a | n/a |
| Global Brands Manufacture 6191.TW | Taiwan | $1.09B | -28% | +49% | 8% | 1.2× | n/a | n/a |
| Muhlbauer Holding AG & Co. KGaA MUB.DE | Germany | $684M | +9% | +2% | 7% | 1.0× | -4.9% | +11.4% |
| Shenzhen Minde Electronics Technology 300656.SZ | China | $681M | -13% | -14% | -60% | 16.6× | n/a | n/a |
| Shenzhen Chengtian Weiye Technology Co 300689.SZ | China | $679M | -27% | +19% | 0% | 8.6× | n/a | n/a |
| TES Touch Embedded Solutions (Xiamen) 003019.SZ | China | $668M | -28% | +24% | 8% | 1.7× | n/a | n/a |
| Hebei Huijin 300368.SZ | China | $667M | -17% | -18% | -124% | 41.8× | n/a | n/a |
| PC Partner PCT.SI | Singapore | $662M | +4% | +18% | 7% | 0.3× | n/a | n/a |
| Apacer Technology 8271.TW | Taiwan | $655M | -28% | +182% | 31% | 0.8× | n/a | n/a |