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Shenzhen-based designer of fast-charging protocol and power-management chips for phone chargers and power banks.
Shenzhen-based designer of fast-charging protocol and power-management chips for phone chargers and power banks.
Fabless: it designs chips and outsources their manufacture, then sells them to power-bank and charger makers, so volume follows unit sales of those accessories. Competition in charging chips puts steady pressure on prices.
In one line: A niche Chinese fast-charging chipmaker.
Moat: narrow (process know-how). Protocol-compatibility expertise in a crowded, price-competitive charging-IC niche.
Headquarters: Shenzhen, China · Founded: 2010 · Employees: 765
Size Shenzhen Injoinic Technology (688209.SS) is a China Information Technology company (Semiconductors) with a market value of $1.64B, the 1512th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.41 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against -18.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 12.9% over the last twelve months (peer median +19.0%); the operating margin is 10.6% (peer median 7.1%).
Valuation It trades at 5.8× enterprise value to sales against a peer median of 4.6× (9th most expensive of 21).
Capital Return on invested capital runs 2.6 points below its cost of capital (12.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.78B | CN¥1.60B | CN¥1.42B | CN¥1.21B | CN¥863M |
| Revenue growth | — | +12% | +18% | +40% | — |
| Gross profit | CN¥670M | CN¥525M | CN¥452M | CN¥358M | CN¥334M |
| EBITDA | n/a | CN¥157M | CN¥96.5M | -CN¥3.63M | CN¥115M |
| Net income | CN¥265M | CN¥178M | CN¥124M | CN¥29.4M | CN¥155M |
| Free cash flow | -CN¥94.8M | -CN¥17.6M | CN¥174M | CN¥15.5M | -CN¥98.9M |
| Capital expenditure | CN¥104M | CN¥69.1M | CN¥69.8M | CN¥37.4M | CN¥59.7M |
| Total debt | CN¥85.5M | CN¥87.1M | CN¥15.4M | CN¥14.1M | CN¥12.6M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Injoinic Technology 688209.SS | $1.64B | +5% | +13% | 11% | 5.8× | n/a |
| Southchip Semiconductor Technology (Shanghai) 688484.SS | $1.95B | -21% | +9% | -2% | 3.7× | n/a |
| Silergy 6415.TW | $4.58B | -11% | +13% | 12% | 6.7× | n/a |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 12.5× | 23.3% |
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 | 688209.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -18.6% | 8th highest of 20 |
| 6-month return | +4.7% | -18.7% | 4th highest of 20 |
| Distance from 52-week high | -34.6% | -46.3% | 4th highest of 21 |
| Revenue growth (TTM) | +12.9% | +19.0% | 9th lowest of 21 |
| Operating margin | 10.6% | 7.1% | 8th highest of 21 |
| EV / Sales | 5.8× | 4.6× | 9th most expensive of 21 |
| ROIC minus cost of capital | -2.6 pp | -7.2 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | 5.8× | n/a | n/a |
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 11.0× | 35.8% | +1.0% |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 1.6× | 6.4% | +8.7% |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 22.0× | 44.7% | +18.0% |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | 6.5× | n/a | n/a |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | 11.1× | n/a | n/a |
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 2.5× | 1.6% | +2.7% |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 0.8× | 6.5% | +3.8% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | 4.8× | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 2.9× | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 11.2× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | 3.1× | 38.4% | -4.7% |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 1.0× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | 58.9× | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | 10.3× | 38.0% | +13.0% |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 17.2× | n/a | n/a |
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | 0.9× | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | 4.4× | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 0.7× | n/a | n/a |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 2.0× | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 5.2× | 12.7% | +8.4% |