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Chinese semiconductor company designing Ethernet physical-layer (PHY) chips for automotive and industrial networking.
Chinese semiconductor company designing Ethernet physical-layer (PHY) chips for automotive and industrial networking.
Designs the small chips that handle the physical connection in Ethernet ports and outsources manufacturing, so revenue is per-chip sales into networking gear and, increasingly, cars. It is a domestic alternative to foreign suppliers, which matters to Chinese buyers localizing their supply chains.
In one line: A small Chinese Broadcom/Marvell in Ethernet PHY.
Moat: narrow (IP / patents, customer qualification). Automotive-grade chip qualification cycles are long, favoring incumbents once designed in.
Headquarters: Shanghai, China · Founded: 2017 · Employees: 399
Size Motorcomm Electronic Technology (688515.SS) is a China Industrials company (Industrial Machinery) with a market value of $757M, the 2885th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥101.84 on 6 Nov 2026.
Performance Over six months the shares fell 41.0%, against -21.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 53.5% over the last twelve months (peer median +3.7%); the operating margin is -15.4% (peer median 4.1%).
Valuation It trades at 5.6× enterprise value to sales against a peer median of 2.9× (4th most expensive of 21).
Capital Return on invested capital runs 25.7 points below its cost of capital (17.0% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥794M | CN¥616M | CN¥396M | CN¥273M | CN¥402M |
| Revenue growth | — | +56% | +45% | -32% | — |
| Gross profit | CN¥323M | CN¥230M | CN¥138M | CN¥109M | CN¥164M |
| EBITDA | n/a | -CN¥118M | -CN¥210M | -CN¥167M | CN¥11.9M |
| Net income | -CN¥98.2M | -CN¥134M | -CN¥202M | -CN¥150M | -CN¥408,472 |
| Free cash flow | -CN¥429M | -CN¥227M | -CN¥289M | -CN¥175M | -CN¥81.1M |
| Capital expenditure | CN¥81.0M | CN¥66.3M | CN¥67.8M | CN¥48.9M | CN¥16.1M |
| Total debt | CN¥39.6M | CN¥14.4M | CN¥7.87M | CN¥17.3M | CN¥9.12M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Motorcomm Electronic Technology 688515.SS | $757M | -41% | +54% | -15% | 5.6× | n/a |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.1× | 26.6% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 13.3× | 54.4% |
| Realtek Semiconductor 2379.TW | $11.0B | +33% | +12% | 11% | 2.6× | 8.4% |
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 | 688515.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.8% | -5.9% | 5th lowest of 21 |
| 6-month return | -41.0% | -21.1% | 2nd lowest of 21 |
| Distance from 52-week high | -62.8% | -47.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +53.5% | +3.7% | highest of 21 |
| Operating margin | -15.4% | 4.1% | 3rd lowest of 21 |
| EV / Sales | 5.6× | 2.9× | 4th most expensive of 21 |
| ROIC minus cost of capital | -25.7 pp | -5.9 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | 5.6× | n/a | n/a |
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | 3.3× | n/a | n/a |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | 1.7× | n/a | n/a |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 2.4× | -4.2% | -6.0% |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 14.4× | 11.8% | -11.3% |
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | 1.2× | -7.6% | +11.2% |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 2.3× | 34.3% | +221.8% |
| Zhejiang Kingland Pipeline and Technologies 002443.SZ | China | $748M | -19% | -6% | 3% | 1.0× | 14.5% | -3.6% |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | 2.2× | 11.1% | +10.0% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 5.0× | n/a | n/a |
| Jiangsu Rainbow Heavy Industries 002483.SZ | China | $745M | -14% | -30% | 10% | 0.6× | -16.0% | +13.6% |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 4.3× | 13.3% | +4.7% |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 0.2× | -13.2% | +7.9% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 4.0× | n/a | n/a |
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 9.4× | 37.2% | +18.7% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | 2.2× | 22.3% | -6.0% |
| Jintuo Technology 603211.SS | China | $735M | -33% | +12% | 5% | 3.9× | n/a | n/a |
| Ningbo Henghe Precision Industry 300539.SZ | China | $732M | -37% | +3% | 6% | 5.1× | n/a | n/a |
| Jiangsu Ankura Intelligent Electric 300617.SZ | China | $732M | -50% | +5% | 2% | 4.3× | n/a | n/a |
| Zhejiang Chunhui Intelligent Control 300943.SZ | China | $732M | -16% | +10% | 4% | 7.8× | 57.5% | +1.7% |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 2.4× | 24.9% | +3.9% |