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Shaanxi maker of laser chips for optical communications, data centers and automotive lidar.
Shaanxi maker of laser chips for optical communications, data centers and automotive lidar.
Designs and makes laser chips itself at its own fab in Shaanxi and sells them to makers of optical transceivers, the modules that turn electrical signals into light in data-center and telecom networks, so demand tracks network upgrade cycles.
In one line: A small Chinese optical-laser-chip supplier, no direct US peer.
Moat: narrow (process know-how, IP / patents). Laser-chip fabrication for optical communications requires deep III-V semiconductor process know-how few Chinese firms have.
Headquarters: Xi'an, Shaanxi, China · Founded: 2013 · Employees: 716
Size Yuanjie Semiconductor Technology (688498.SS) is a China Information Technology company (Semiconductors) with a market value of $11.2B, the 223rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥598.90 on 6 Nov 2026.
Performance Over six months the shares fell 44.7%, against -14.5% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 299.6% over the last twelve months (peer median +28.9%); the operating margin is 63.9% (peer median 10.0%).
Valuation It trades at 60.1× forward earnings against a peer median of 33.6× (2nd most expensive of 17).
Capital Return on invested capital runs 9.7 points above its cost of capital (18.5% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.83B | CN¥600M | CN¥252M | CN¥144M | CN¥282M |
| Revenue growth | — | +138% | +75% | -49% | — |
| Gross profit | CN¥1.50B | CN¥334M | CN¥73.1M | CN¥52.5M | CN¥170M |
| EBITDA | n/a | CN¥248M | CN¥14.0M | CN¥15.9M | CN¥130M |
| Net income | CN¥1.11B | CN¥191M | -CN¥6.13M | CN¥19.5M | CN¥100M |
| Free cash flow | -CN¥302M | -CN¥259M | -CN¥82.7M | -CN¥74.2M | -CN¥70.4M |
| Capital expenditure | CN¥1.25B | CN¥409M | CN¥106M | CN¥67.2M | CN¥109M |
| Total debt | CN¥718M | CN¥112M | CN¥9.69M | CN¥1.89M | CN¥15.9M |
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 |
|---|---|---|---|---|---|---|
| Yuanjie Semiconductor Technology 688498.SS | $11.2B | -45% | +300% | 64% | 60.1× | n/a |
| Zhongji Innolight 300308.SZ | $79.4B | -48% | +162% | 41% | 15.4× | 23.2% |
| Suzhou TFC Optical Communication 300394.SZ | $19.9B | -44% | +26% | 51% | 36.3× | 44.8% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | 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 | 688498.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -53.6% | -16.0% | lowest of 20 |
| 6-month return | -44.7% | -14.5% | 3rd lowest of 19 |
| Distance from 52-week high | -69.6% | -47.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +299.6% | +28.9% | highest of 21 |
| Operating margin | 63.9% | 10.0% | highest of 21 |
| Forward P/E | 60.1× | 33.6× | 2nd most expensive of 17 |
| ROIC minus cost of capital | +9.7 pp | -2.7 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yuanjie Semiconductor Technology 688498.SS | China | $11.2B | -45% | +300% | 64% | 60.1× | n/a | n/a |
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 19.9× | 8.4% | +9.6% |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 15.6× | n/a | n/a |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | n/a | n/a | n/a |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 28.7× | n/a | n/a |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | n/a | n/a | n/a |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 5.1× | n/a | n/a |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 23.1× | n/a | n/a |
| China Resources Microelectronics 688396.SS | China | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% | +9.7% |
| Semtech SMTC | United States | $9.63B | -15% | +18% | 12% | 19.1× | 51.8% | +12.0% |
| Nexchip Semiconductor 2249.HK | Hong Kong | $9.55B | n/a | +20% | 7% | 50.2× | n/a | n/a |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 49.1× | 39.3% | +18.7% |
| Xi'an ESWIN Material Technology 688783.SS | China | $9.34B | -36% | +25% | -25% | n/a | n/a | n/a |
| Novatek Microelectronics 3034.TW | Taiwan | $9.16B | +18% | +2% | 20% | 14.1× | -4.2% | +4.7% |
| United Nova Technology 688469.SS | China | $8.92B | +4% | +42% | -10% | 102.1× | n/a | n/a |
| JCET 600584.SS | China | $14.1B | +15% | +4% | 6% | 40.2× | n/a | n/a |
| LONGi Green Energy Technology 601012.SS | China | $14.1B | -25% | -16% | -12% | n/a | n/a | n/a |
| ASPEED Technology 5274.TWO | Taiwan | $14.3B | -30% | +40% | 53% | 41.1× | 41.3% | +24.3% |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 38.4× | 36.4% | +14.6% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 26.2× | n/a | n/a |
| SG Micro 300661.SZ | China | $8.33B | -12% | +46% | 17% | 55.7× | 35.9% | +26.7% |