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Chinese provider of advanced chip packaging and testing (flip-chip, SiP, wafer-level, QFN) for IC design customers.
Chinese provider of advanced chip packaging and testing (flip-chip, SiP, wafer-level, QFN) for IC design customers.
Is paid a service fee for each chip it packages and tests for design companies, so earnings follow customers' volumes and how full its lines are. It sells to Chinese chip-design houses from its base in Ningbo.
In one line: A China-based Amkor Technology in advanced packaging.
Moat: narrow (process know-how, customer qualification). Advanced-packaging process qualification is sticky once a design house locks in a packaging flow.
Headquarters: Yuyao, China · Founded: 2017 · Employees: 6,612
Size Forehope Electronic (Ningbo) (688362.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $2.67B, the 968th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.90 on 6 Nov 2026.
Performance Over six months the shares fell 18.9%, against -26.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 18.5% over the last twelve months (peer median +16.5%); the operating margin is 0.4% (peer median 6.5%).
Valuation It trades at 86.7× forward earnings against a peer median of 27.9× (2nd most expensive of 19).
Capital Return on invested capital runs 7.5 points below its cost of capital (10.8% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.01B | CN¥4.39B | CN¥3.61B | CN¥2.39B | CN¥2.18B |
| Revenue growth | — | +22% | +51% | +10% | — |
| Gross profit | CN¥1.35B | CN¥650M | CN¥562M | CN¥291M | CN¥451M |
| EBITDA | n/a | CN¥1.18B | CN¥896M | CN¥462M | CN¥632M |
| Net income | CN¥49.0M | CN¥81.7M | CN¥66.3M | -CN¥93.4M | CN¥138M |
| Free cash flow | -CN¥1.35B | -CN¥541M | -CN¥728M | -CN¥2.13B | -CN¥902M |
| Capital expenditure | CN¥3.17B | CN¥2.23B | CN¥2.36B | CN¥3.20B | CN¥1.80B |
| Total debt | CN¥10.0B | CN¥8.46B | CN¥7.18B | CN¥6.19B | CN¥4.17B |
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 |
|---|---|---|---|---|---|---|
| Forehope Electronic (Ningbo) 688362.SS | $2.67B | -19% | +19% | 0% | 86.7× | n/a |
| Amkor Technology AMKR | $8.13B | -57% | +16% | 10% | 12.1× | n/a |
| Ase Technology 3711.TW | $70.4B | +2% | +25% | 11% | 17.3× | n/a |
| JCET 600584.SS | $14.1B | +15% | +4% | 6% | 40.2× | n/a |
| TongFu Microelectronics 002156.SZ | $10.5B | -15% | +21% | 7% | 28.7× | 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 | 688362.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.6% | -19.8% | 10th lowest of 21 |
| 6-month return | -18.9% | -26.8% | 9th highest of 21 |
| Distance from 52-week high | -67.0% | -50.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | +18.5% | +16.5% | 10th highest of 21 |
| Operating margin | 0.4% | 6.5% | 2nd lowest of 21 |
| Forward P/E | 86.7× | 27.9× | 2nd most expensive of 19 |
| ROIC minus cost of capital | -7.5 pp | -2.6 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |