Who are Shanghai Fudan Microelectronics's main competitors?

Named competitors: Lattice Semiconductor (LSCC), Infineon (IFX.DE), Gigadevice Semiconductor (603986.SS). The cockpit's measured peer set (industry) also includes Powertech Technology (6239.TW), Synaptics (SYNA), Macronix International (2337.TW), Maxscend Microelectronics (300782.SZ), MaxLinear (MXL), Chongqing Genori Technology (688797.SS).

How has Shanghai Fudan Microelectronics stock performed?

Over six months to 6 Nov 2026 the shares returned -31.2% against -26.9% for the median peer; over one year -20.9%.

← CockpitCompetitor Analysis › 688385.SS Shanghai Fudan Microelectronics Group Co., Ltd. Class AOpen in the cockpit ↗

Shanghai Fudan Microelectronics Group Co., Ltd. Class A688385.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Semiconductors

Fabless IC designer spun off from Fudan University, known for smart-card chips, security chips and FPGAs.

≈ A Chinese Infineon-meets-Lattice Semiconductor for security/FPGA chipsMomentum weak 35

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.60B

US dollars, full cap

Free float

62%

of shares outstanding

$/day

$130M

20-day average traded

Fwd P/E

31.6×

forward earnings

ROIC−WACC

-1.0 pp

WACC 9.6%

Hurdle

+6 pp

Req g minus delivered

Next earnings

131 days

17 Mar 2027

Close · CNYCN¥46.82

1D-4.5%

1W+2.3%

1M-13.8%

3M-3.3%

6M-31.2%

YTD-36.5%

1Y-20.9%

ATR %6.8%

52w lowhigh53.2% off high

What Shanghai Fudan Microelectronics does

Fabless IC designer spun off from Fudan University, known for smart-card chips, security chips and FPGAs.

Smart-card and security chips tie to repeat orders from government identity and bank-card programmes, while FPGAs, chips customers program themselves after buying, serve telecom and industrial equipment makers. The same company also trades in Hong Kong as H shares.

In one line: A Chinese Infineon-meets-Lattice Semiconductor for security/FPGA chips.

Products and services

Smart-card/security chips
FPGAs
MCUs
NOR flash

Customers

Card issuers/government ID programs
Industrial/telecom equipment makers

Where it sits in the supply chain

Semiconductors
Fabless IC design
Smart-card, security & FPGA chips

What could go right

Domestic ID/payment card chip demand
FPGA substitution for imported parts

What could go wrong

Pricing pressure from larger global rivals
Government procurement cycle dependence

Moat: narrow (IP / patents, regulatory licence). Security-chip certifications and long qualification cycles favor an incumbent domestic supplier.

Headquarters: Shanghai, China · Founded: 1998 · Employees: 1,958

Named competitors

Shanghai Fudan Microelectronics at a glance

Size Shanghai Fudan Microelectronics (688385.SS) is a China Information Technology company (Semiconductors) with a market value of $4.60B, the 553rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥46.82 on 6 Nov 2026.

Performance Over six months the shares fell 31.2%, against -26.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.

Growth Revenue grew 15.0% over the last twelve months (peer median +24.6%); the operating margin is 12.5% (peer median 9.6%).

Valuation It trades at 31.6× forward earnings against a peer median of 26.1× (7th most expensive of 17).

Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.0 points below its cost of capital (9.6% WACC).

Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shanghai Fudan Microelectronics against the median of its 20 peers (local-currency closes).

Shanghai Fudan Microelectronics financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥4.52B	CN¥3.96B	CN¥3.59B	CN¥3.54B	CN¥3.52B
Revenue growth	—	+11%	+1%	0%	—
Gross profit	CN¥2.73B	CN¥2.00B	CN¥1.82B	CN¥2.02B	CN¥2.18B
EBITDA	n/a	CN¥537M	CN¥780M	CN¥862M	CN¥1.22B
Net income	CN¥963M	CN¥232M	CN¥573M	CN¥719M	CN¥1.08B
Free cash flow	CN¥916M	CN¥522M	CN¥104M	-CN¥1.55B	-CN¥447M
Capital expenditure	CN¥256M	CN¥265M	CN¥633M	CN¥851M	CN¥783M
Total debt	CN¥1.31B	CN¥1.52B	CN¥1.72B	CN¥1.52B	CN¥102M

Quarterly statements and history in the cockpit →

Shanghai Fudan Microelectronics competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shanghai Fudan Microelectronics is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Fudan Microelectronics is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shanghai Fudan Microelectronics is the large dot.

Shanghai Fudan Microelectronics competitors and peer comparison

Head to head with its named competitors (688385.SS vs LSCC vs IFX.DE vs 603986.SS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shanghai Fudan Microelectronics 688385.SS	$4.60B	-31%	+15%	12%	31.6×	24.8%
Lattice Semiconductor LSCC	$14.9B	-17%	+63%	13%	26.2×	n/a
Infineon Technologies IFX.DE	$66.8B	-33%	+6%	13%	26.0×	30.2%
Giga Device Semiconductor 603986.SS	$25.3B	-23%	+166%	50%	10.9×	16.5%

How Shanghai Fudan Microelectronics compares with its peers

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.

Shanghai Fudan Microelectronics against its 20 peers (data as of 6 Nov 2026)
Measure	688385.SS	Peer median	Rank in peer set
1-month return	-13.8%	-21.1%	9th highest of 21
6-month return	-31.2%	-26.9%	9th lowest of 20
Distance from 52-week high	-53.2%	-53.1%	11th highest of 21
Revenue growth (TTM)	+15.0%	+24.6%	7th lowest of 21
Operating margin	12.5%	9.6%	10th highest of 21
Forward P/E	31.6×	26.1×	7th most expensive of 17
Growth the price implies (Req g, 7 yrs)	24.8%	31.6%	4th least demanding of 11
Growth delivered (Del g)	+18.9%	+9.9%	4th highest of 11
Hurdle (Req g minus delivered)	+5.8 pp	+18.0 pp	4th least demanding of 11
ROIC minus cost of capital	-1.0 pp	-2.0 pp	9th highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shanghai Fudan Microelectronics 688385.SS	China	$4.60B	-31%	+15%	12%	31.6×	24.8%	+18.9%
Powertech Technology 6239.TW	Taiwan	$4.61B	-11%	+24%	13%	13.2×	n/a	n/a
Synaptics SYNA	United States	$4.63B	-7%	+11%	-3%	21.6×	34.6%	-2.2%
Macronix International 2337.TW	Taiwan	$4.52B	-53%	+127%	38%	1.8×	-7.5%	-6.2%
Maxscend Microelectronics 300782.SZ	China	$4.51B	-47%	-6%	-25%	n/a	n/a	n/a
MaxLinear MXL	United States	$4.48B	-51%	+56%	-1%	12.1×	n/a	n/a
Chongqing Genori Technology 688797.SS	China	$4.45B	n/a	+37%	29%	n/a	n/a	n/a
Bestechnic (Shanghai) 688608.SS	China	$4.41B	+2%	-26%	8%	50.6×	42.7%	+27.1%
Shenzhen Goodix Technology 603160.SS	China	$4.35B	-2%	-7%	6%	51.0×	26.7%	-6.8%
CSI Solar 688472.SS	China	$4.87B	-37%	-36%	-2%	48.8×	n/a	n/a
MaxOne Semiconductor (Suzhou) 688809.SS	China	$4.90B	+2%	+57%	39%	n/a	n/a	n/a
Hanwha Solutions 009830.KS	South Korea	$4.30B	-49%	+14%	0%	20.1×	n/a	n/a
Premier Energies PREMIERENE.NS	India	$4.28B	-13%	+32%	25%	19.7×	n/a	n/a
Applied Optoelectronics AAOI	United States	$4.26B	-66%	+62%	-11%	23.5×	n/a	n/a
Hunan Goke Microelectronics 300672.SZ	China	$4.24B	-27%	+54%	5%	56.9×	46.0%	+19.7%
Shanghai Aiko Solar Energy 600732.SS	China	$4.23B	-13%	+25%	-8%	n/a	n/a	n/a
Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ	China	$5.03B	-28%	+19%	18%	24.9×	16.9%	+16.5%
EverProX Technologies 300548.SZ	China	$5.04B	-59%	+64%	35%	33.5×	30.9%	+26.6%
eMemory Technology 3529.TWO	Taiwan	$4.17B	-58%	+17%	61%	45.0×	32.2%	+16.7%
Dosilicon 688110.SS	China	$5.13B	-7%	+375%	54%	27.4×	23.6%	+3.3%
Win Semiconductors 3105.TWO	Taiwan	$5.19B	-27%	+24%	11%	28.5×	48.8%	-8.2%

Questions

Who are Shanghai Fudan Microelectronics's main competitors?: Named competitors: Lattice Semiconductor (LSCC), Infineon (IFX.DE), Gigadevice Semiconductor (603986.SS). The cockpit's measured peer set (industry) also includes Powertech Technology (6239.TW), Synaptics (SYNA), Macronix International (2337.TW), Maxscend Microelectronics (300782.SZ), MaxLinear (MXL), Chongqing Genori Technology (688797.SS).
Is Shanghai Fudan Microelectronics expensive compared with its peers?: On forward p/e it trades at 31.6× against a peer median of 26.1×, 7th most expensive of 17 in its peer set. For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Shanghai Fudan Microelectronics stock performed?: Over six months to 6 Nov 2026 the shares returned -31.2% against -26.9% for the median peer; over one year -20.9%.