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Chinese fabless designer of analog and power-management integrated circuits.
Chinese fabless designer of analog and power-management integrated circuits.
Designs chips and has foundries make them, selling in volume to makers of consumer electronics and appliances, where price pressure from other Chinese chip designers is steady.
In one line: A smaller, China-based Monolithic Power Systems/Texas Instruments peer.
Moat: narrow (IP / patents, process know-how). Analog design expertise and IP portfolio built over years of chip design.
Headquarters: Hangzhou, China · Employees: 1,971
Size JoulWatt Technology (688141.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $4.44B, the 576th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥65.14 on 6 Nov 2026.
Performance Over six months the shares fell 29.9%, against -14.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 50.4% over the last twelve months (peer median +20.3%); the operating margin is -27.8% (peer median 8.2%).
Valuation It trades at 9.2× enterprise value to sales against a peer median of 3.4× (5th most expensive of 21).
Capital Return on invested capital runs 24.6 points below its cost of capital (12.7% WACC).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.65B | CN¥2.65B | CN¥1.68B | CN¥1.30B | CN¥1.45B |
| Revenue growth | — | +58% | +29% | -10% | — |
| Gross profit | CN¥992M | CN¥632M | CN¥428M | CN¥334M | CN¥568M |
| EBITDA | n/a | -CN¥725M | -CN¥565M | -CN¥520M | CN¥135M |
| Net income | -CN¥937M | -CN¥717M | -CN¥603M | -CN¥531M | CN¥137M |
| Free cash flow | -CN¥1.79B | -CN¥534M | -CN¥558M | -CN¥413M | -CN¥912M |
| Capital expenditure | CN¥315M | CN¥216M | CN¥199M | CN¥125M | CN¥89.1M |
| Total debt | CN¥3.99B | CN¥2.54B | CN¥1.59B | CN¥1.25B | CN¥980M |
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 |
|---|---|---|---|---|---|---|
| JoulWatt Technology 688141.SS | $4.44B | -30% | +50% | -28% | 9.2× | n/a |
| Monolithic Power Systems MPWR | $58.1B | -26% | +40% | 30% | 15.2× | 39.6% |
| Silergy 6415.TW | $4.58B | -11% | +13% | 12% | 6.7× | n/a |
| StarPower Semiconductor 603290.SS | $2.50B | -33% | +4% | 1% | 4.3× | 26.3% |
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 | 688141.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.9% | -10.6% | 7th lowest of 21 |
| 6-month return | -29.9% | -14.6% | 8th lowest of 21 |
| Distance from 52-week high | -64.8% | -44.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +50.4% | +20.3% | 2nd highest of 21 |
| Operating margin | -27.8% | 8.2% | 2nd lowest of 21 |
| EV / Sales | 9.2× | 3.4× | 5th most expensive of 21 |
| ROIC minus cost of capital | -24.6 pp | +0.6 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | 9.2× | n/a | n/a |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 4.3× | 14.5% | +14.2% |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 0.2× | -0.3% | +18.1% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 3.5× | n/a | n/a |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 1.2× | n/a | n/a |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 4.4× | 20.6% | +21.0% |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 5.7× | 14.3% | +8.7% |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 2.3× | 12.1% | -1.3% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 1.0× | n/a | n/a |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 12.2× | 42.9% | +9.8% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 9.6× | 46.0% | +30.6% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 4.6× | 28.6% | +5.9% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | 27.9× | n/a | n/a |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 0.9× | 18.8% | +4.2% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 1.3× | 1.2% | +12.4% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 17.4× | 39.7% | +1.4% |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 7.1× | 14.7% | +41.1% |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 3.1× | n/a | n/a |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 0.2× | -0.8% | +18.8% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 3.3× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | 1.5× | 27.0% | -14.4% |