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Hefei foundry making 12-inch wafers for display-driver, image-sensor, power-management and logic/MCU chips.
Hefei foundry making 12-inch wafers for display-driver, image-sensor, power-management and logic/MCU chips.
Contract manufacturer on 12-inch lines, with display-driver chips the largest line, so its factories are tied to the Chinese panel supply chain. Set up in 2015 by the Hefei city government with Taiwan's Powerchip as technology partner, and local state investors are still major holders.
In one line: A smaller, mainland Chinese GlobalFoundries/UMC for mature nodes.
Moat: narrow (scale, customer qualification, process know-how). One of China's larger mature-node foundries; requalifying DDIC/CIS lines elsewhere is slow.
Headquarters: Hefei, China · Employees: 5,710
Size Nexchip Semiconductor (688249.SS) is a China Information Technology company (Semiconductors) with a market value of $8.80B, the 278th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.89 on 6 Nov 2026.
Performance Over six months the shares fell 17.5%, against -13.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +23.5%); the operating margin is 7.2% (peer median 9.8%).
Valuation It trades at 66.4× forward earnings against a peer median of 19.9× (2nd most expensive of 18).
Capital Return on invested capital runs 4.1 points below its cost of capital (9.7% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.1B | CN¥10.9B | CN¥9.25B | CN¥7.24B | CN¥10.1B |
| Revenue growth | — | +18% | +28% | -28% | — |
| Gross profit | CN¥5.88B | CN¥2.34B | CN¥1.99B | CN¥1.23B | CN¥4.43B |
| EBITDA | n/a | CN¥4.86B | CN¥4.04B | CN¥3.32B | CN¥5.88B |
| Net income | CN¥629M | CN¥704M | CN¥533M | CN¥212M | CN¥3.05B |
| Free cash flow | -CN¥2.09B | -CN¥5.83B | -CN¥10.4B | -CN¥7.51B | -CN¥607M |
| Capital expenditure | CN¥8.03B | CN¥9.71B | CN¥13.2B | CN¥7.41B | CN¥6.89B |
| Total debt | CN¥25.2B | CN¥21.5B | CN¥19.1B | CN¥13.5B | CN¥11.2B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nexchip Semiconductor 688249.SS | $8.80B | -17% | +14% | 7% | 66.4× | n/a |
| SMIC 0981.HK | $76.7B | -41% | +20% | 9% | 32.9× | n/a |
| SJ Semiconductor 688820.SS | $22.9B | -21% | +1% | n/a | 136.4× | n/a |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% |
| GlobalFoundries GFS | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% |
| Powerchip Semiconductor Manufacturing 6770.TW | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% |
| Vanguard International Semiconductor 5347.TWO | $6.82B | -22% | +10% | 17% | 17.7× | n/a |
| DB HiTek 000990.KS | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% |
| Tower Semiconductor TSEM | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% |
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 | 688249.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.1% | -15.1% | 7th highest of 21 |
| 6-month return | -17.5% | -13.8% | 8th lowest of 20 |
| Distance from 52-week high | -58.6% | -48.5% | 5th lowest of 21 |
| Revenue growth (TTM) | +13.8% | +23.5% | 4th lowest of 21 |
| Operating margin | 7.2% | 9.8% | 9th lowest of 21 |
| Forward P/E | 66.4× | 19.9× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -4.1 pp | -2.4 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nexchip Semiconductor 688249.SS | China | $8.80B | -17% | +14% | 7% | 66.4× | n/a | n/a |
| United Nova Technology 688469.SS | China | $8.92B | +4% | +42% | -10% | 102.1× | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% | +4.7% |
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |
| VeriSilicon Microelectronics (Shanghai) 688521.SS | China | $8.31B | -63% | +39% | -23% | n/a | 40.5% | +15.9% |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | n/a | n/a | n/a |
| Amkor Technology AMKR | United States | $8.13B | -57% | +16% | 10% | 12.1× | n/a | n/a |
| Shenzhen Techwinsemi Technology 001309.SZ | China | $8.12B | -64% | +317% | 35% | 6.7× | n/a | n/a |
| Konfoong Materials International 300666.SZ | China | $8.09B | +9% | +35% | 10% | 53.5× | n/a | n/a |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| RMBS RMBS | United States | $7.98B | -42% | +17% | 37% | 19.9× | 24.5% | +23.5% |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| Ingenic Semiconductor 3223.HK | Hong Kong | $7.76B | n/a | +100% | 35% | 10.9× | -3.9% | +16.1% |
| Tianshui Huatian Technology 002185.SZ | China | $7.74B | +10% | +33% | 4% | 45.0× | n/a | n/a |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | n/a | n/a | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | Taiwan | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% | +0.5% |
| WAAREE Energies WAAREEENER.NS | India | $7.41B | -24% | +75% | 16% | 17.3× | n/a | n/a |
| Silicon Laboratories SLAB | United States | $7.39B | +2% | +22% | -3% | 60.3× | n/a | n/a |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 28.7× | n/a | n/a |
| Alchip Technologies Limitd 3661.TW | Taiwan | $7.35B | -32% | -51% | 23% | 14.4× | n/a | n/a |
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% | +9.6% |