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Makes precision metal parts (chambers, gas lines, module products) used inside etch, deposition and CMP semiconductor tools.
Makes precision metal parts (chambers, gas lines, module products) used inside etch, deposition and CMP semiconductor tools.
In one line: A Chinese precision-parts supplier to the AMAT/Lam Research supply chain.
Moat: narrow (process know-how, customer qualification). Precision parts require qualification with equipment OEMs; switching a qualified supplier is costly but not exclusive.
Headquarters: Shenyang, China · Founded: 2008 · Employees: 3,488
Size Shenyang Fortune Precision Equipment (688409.SS) is a China Information Technology company (Semiconductors) with a market value of $3.28B, the 791st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥125.50 on 6 Nov 2026.
Performance Over six months the shares fell 2.4%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 33.9% over the last twelve months (peer median +18.1%); the operating margin is 3.8% (peer median 5.6%).
Valuation It trades at 122.8× forward earnings against a peer median of 36.2× (5th most expensive of 18).
Capital Return on invested capital runs 9.1 points below its cost of capital (14.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.61B | CN¥3.54B | CN¥3.03B | CN¥2.07B | CN¥1.54B |
| Revenue growth | — | +17% | +47% | +34% | — |
| Gross profit | CN¥1.36B | CN¥699M | CN¥717M | CN¥491M | CN¥484M |
| EBITDA | n/a | CN¥341M | CN¥408M | CN¥191M | CN¥324M |
| Net income | CN¥187M | -CN¥8.61M | CN¥203M | CN¥169M | CN¥245M |
| Free cash flow | -CN¥245M | -CN¥441M | -CN¥1.11B | -CN¥1.44B | -CN¥817M |
| Capital expenditure | CN¥772M | CN¥828M | CN¥1.07B | CN¥1.10B | CN¥793M |
| Total debt | CN¥3.89B | CN¥3.09B | CN¥2.26B | CN¥1.66B | CN¥945M |
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 |
|---|---|---|---|---|---|---|
| Shenyang Fortune Precision Equipment 688409.SS | $3.28B | -2% | +34% | 4% | 122.8× | n/a |
| Applied Materials AMAT | $264B | -24% | +8% | 31% | 18.8× | 25.5% |
| Ultra Clean UCTT | $1.97B | -53% | +16% | 4% | 7.2× | n/a |
| Piotech 688072.SS | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% |
| NAURA Technology 002371.SZ | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% |
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 | 688409.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.1% | -26.9% | 9th highest of 21 |
| 6-month return | -2.4% | -25.1% | 4th highest of 20 |
| Distance from 52-week high | -62.4% | -53.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +33.9% | +18.1% | 9th highest of 21 |
| Operating margin | 3.8% | 5.6% | 9th lowest of 20 |
| Forward P/E | 122.8× | 36.2× | 5th most expensive of 18 |
| ROIC minus cost of capital | -9.1 pp | -5.7 pp | 7th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |
| Rorze 6323.T | Japan | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% | +20.4% |
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| Xintec 3374.TWO | Taiwan | $3.08B | +88% | +17% | 23% | 36.2× | n/a | n/a |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Shanghai Awinic Technology 688798.SS | China | $3.04B | -9% | +2% | 1% | 39.5× | n/a | n/a |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| InnoScience (Suzhou) Technology 2577.HK | Hong Kong | $3.03B | -63% | +56% | -49% | n/a | n/a | n/a |
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |
| Linktel Technologies 301205.SZ | China | $3.60B | -39% | +54% | 3% | 281.1× | n/a | n/a |
| AP Memory Technology 6531.TW | Taiwan | $2.99B | -35% | +63% | 29% | 27.0× | 34.1% | +9.8% |
| Nordic Semiconductor NOD.OL | Norway | $3.62B | -12% | +15% | 8% | 54.6× | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |
| Sino-American Silicon Products 5483.TWO | Taiwan | $2.80B | 0% | -1% | 12% | 15.8× | n/a | n/a |