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OSAT provider packaging and testing display-driver, power-management and RF chips for TVs, phones and cars.
OSAT provider packaging and testing display-driver, power-management and RF chips for TVs, phones and cars.
In one line: A small Chinese OSAT, in ChipMOS/SPIL's display-driver packaging niche.
Moat: narrow (process know-how, customer qualification). Specialized display-driver packaging qualifications, but competes with larger OSATs on cost and scale.
Headquarters: Hefei, China · Founded: 2004 · Employees: 2,416
Size Hefei Chipmore Technology (688352.SS) is a China Information Technology company (Semiconductors) with a market value of $2.45B, the 1048th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.82 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against -28.9% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +25.5%); the operating margin is 7.0% (peer median 14.1%).
Valuation It trades at 53.1× forward earnings against a peer median of 28.2× (5th most expensive of 19).
Capital Return on invested capital runs 5.4 points below its cost of capital (11.9% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.10B | CN¥2.18B | CN¥1.95B | CN¥1.62B | CN¥1.32B |
| Revenue growth | — | +11% | +20% | +23% | — |
| Gross profit | CN¥816M | CN¥564M | CN¥558M | CN¥539M | n/a |
| EBITDA | n/a | CN¥756M | CN¥679M | CN¥670M | n/a |
| Net income | -CN¥73.6M | CN¥266M | CN¥313M | CN¥372M | CN¥303M |
| Free cash flow | -CN¥346M | -CN¥57.1M | -CN¥386M | -CN¥189M | n/a |
| Capital expenditure | CN¥771M | CN¥678M | CN¥1.08B | CN¥735M | n/a |
| Total debt | CN¥1.51B | CN¥1.45B | CN¥452M | CN¥653M | n/a |
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 |
|---|---|---|---|---|---|---|
| Hefei Chipmore Technology 688352.SS | $2.45B | +7% | -1% | 7% | 53.1× | n/a |
| ChipMOS Technologies 8150.TW | $1.49B | -17% | +19% | 8% | 12.2× | n/a |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 17.3× | n/a |
| Tianshui Huatian Technology 002185.SZ | $7.74B | +10% | +33% | 4% | 45.0× | n/a |
| JCET 600584.SS | $14.1B | +15% | +4% | 6% | 40.2× | 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 | 688352.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.5% | -21.5% | 9th highest of 21 |
| 6-month return | +6.5% | -28.9% | 5th highest of 21 |
| Distance from 52-week high | -44.3% | -56.8% | 5th highest of 21 |
| Revenue growth (TTM) | -1.3% | +25.5% | 3rd lowest of 21 |
| Operating margin | 7.0% | 14.1% | 9th lowest of 21 |
| Forward P/E | 53.1× | 28.2× | 5th most expensive of 19 |
| ROIC minus cost of capital | -5.4 pp | +0.1 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hefei Chipmore Technology 688352.SS | China | $2.45B | +7% | -1% | 7% | 53.1× | n/a | n/a |
| Wuxi NCE Power 605111.SS | China | $2.45B | -3% | +28% | 19% | 30.4× | 27.2% | +14.5% |
| Gpixel Changchun Microelectronics 3277.HK | Hong Kong | $2.45B | -48% | +27% | 33% | 28.0× | 6.9% | +9.7% |
| Great Microwave Technology 688270.SS | China | $2.46B | -41% | +8% | 32% | 69.6× | 48.7% | +23.2% |
| DB HiTek 000990.KS | South Korea | $2.41B | -48% | +29% | 21% | 8.9× | 2.3% | +8.3% |
| Sunrun RUN | United States | $2.40B | -32% | +63% | 2% | 38.7× | n/a | n/a |
| StarPower Semiconductor 603290.SS | China | $2.50B | -33% | +4% | 1% | 76.8× | 26.3% | +33.0% |
| Acter 5536.TWO | Taiwan | $2.39B | -26% | +28% | 16% | 10.0× | -6.0% | +24.3% |
| Holy Stone Enterprise 3026.TW | Taiwan | $2.39B | +91% | +17% | 2% | 21.0× | n/a | n/a |
| PENG PENG | United States | $2.52B | -5% | +26% | 10% | 9.2× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |
| OUST OUST | United States | $2.54B | +38% | +64% | -29% | n/a | n/a | n/a |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| Ambarella AMBA | United States | $2.58B | -23% | +20% | -15% | 66.0× | n/a | n/a |
| Asmedia Technology 5269.TW | Taiwan | $2.60B | -14% | +38% | 25% | 12.5× | 12.3% | +14.0% |
| Leeno Industrial 058470.KS | South Korea | $2.60B | -61% | +24% | 49% | 19.4× | 6.3% | +13.1% |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |