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Makes discrete semiconductor devices (diodes, SiC/GaN, MOSFETs, IGBTs) for computers, appliances and automotive electronics.
Makes discrete semiconductor devices (diodes, SiC/GaN, MOSFETs, IGBTs) for computers, appliances and automotive electronics.
Sells diodes and other discrete devices in large volume to computer, appliance and automotive makers, where buyers weigh price, supply reliability and qualification. Diodes carry the volume, while MOSFETs, IGBTs and silicon-carbide parts are the push into higher-value areas.
In one line: A small Chinese discrete-device maker, similar niche to Diodes Incorporated.
Moat: none (scale). Discrete devices are a commoditized product category with many domestic and global competitors.
Headquarters: Changzhou, China · Founded: 1994 · Employees: 1,344
Size Changzhou Galaxy Century Microelectronics (688689.SS) is a China Information Technology company (Semiconductors) with a market value of $723M, the 2993rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.27 on 6 Nov 2026.
Performance Over six months the shares fell 8.9%, against -33.3% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 29.5% over the last twelve months (peer median +24.3%); the operating margin is 11.3% (peer median -2.0%).
Valuation It trades at 3.1× enterprise value to sales against a peer median of 4.9× (9th cheapest of 21).
Capital Return on invested capital runs 1.9 points above its cost of capital (11.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.32B | CN¥1.05B | CN¥905M | CN¥692M | CN¥674M |
| Revenue growth | — | +16% | +31% | +3% | — |
| Gross profit | CN¥413M | CN¥249M | CN¥223M | CN¥170M | CN¥178M |
| EBITDA | n/a | CN¥171M | CN¥143M | CN¥114M | CN¥120M |
| Net income | CN¥131M | CN¥79.9M | CN¥71.9M | CN¥64.1M | CN¥86.4M |
| Free cash flow | -CN¥69.6M | -CN¥113M | -CN¥24.6M | CN¥53.9M | -CN¥6.22M |
| Capital expenditure | CN¥198M | CN¥157M | CN¥91.6M | CN¥45.8M | CN¥112M |
| Total debt | CN¥191M | CN¥696M | CN¥499M | CN¥427M | CN¥412M |
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 |
|---|---|---|---|---|---|---|
| Changzhou Galaxy Century Microelectronics 688689.SS | $723M | -9% | +29% | 11% | 3.1× | n/a |
| Diodes DIOD | $3.56B | -31% | +18% | 5% | 2.0× | 34.0% |
| Yangzhou Yangjie Electronic Technology 300373.SZ | $5.99B | -3% | +29% | 18% | 4.4× | 18.1% |
| Wuxi NCE Power 605111.SS | $2.45B | -3% | +28% | 19% | 5.7× | 27.2% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 0.9× | 18.8% |
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 | 688689.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.8% | -16.5% | 9th highest of 21 |
| 6-month return | -8.9% | -33.3% | highest of 21 |
| Distance from 52-week high | -60.9% | -55.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +29.5% | +24.3% | 10th highest of 21 |
| Operating margin | 11.3% | -2.0% | 5th highest of 21 |
| EV / Sales | 3.1× | 4.9× | 9th cheapest of 21 |
| ROIC minus cost of capital | +1.9 pp | -6.9 pp | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Changzhou Galaxy Century Microelectronics 688689.SS | China | $723M | -9% | +29% | 11% | 3.1× | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | 2.2× | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | 5.6× | n/a | n/a |
| Alpha and Omega Semiconductor L AOSL | United States | $716M | -38% | -2% | -6% | 0.8× | n/a | n/a |
| Hd Hyundai Energy Solutions 322000.KS | South Korea | $714M | -63% | +39% | 16% | 1.5× | 3.2% | +4.5% |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | 5.7× | n/a | n/a |
| X-FAB Silicon Foundries XFAB.PA | France | $709M | -38% | -8% | 2% | 1.3× | n/a | n/a |
| Xinte Energy 1799.HK | Hong Kong | $707M | -41% | +12% | -6% | 1.8× | n/a | n/a |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | 9.5× | 30.7% | +9.5% |
| Lingda 300125.SZ | China | $702M | -26% | +54% | -102% | 26.2× | n/a | n/a |
| Shenzhen Sunmoon Microelectronics 688699.SS | China | $698M | -24% | +50% | 9% | 4.9× | 30.7% | +4.9% |
| RFHIC 218410.KS | South Korea | $697M | -61% | +46% | 19% | 4.3× | 16.1% | +21.4% |
| Canadian Solar CSIQ | United States | $755M | -45% | -16% | -2% | 1.7× | n/a | n/a |
| Myson Century 5314.TWO | Taiwan | $759M | -39% | +235% | 19% | 5.9× | 9.2% | +172.5% |
| UniTTEC 000925.SZ | China | $688M | -24% | +18% | 3% | 2.9× | n/a | n/a |
| CEVA CEVA | United States | $763M | -27% | +9% | -10% | 4.8× | n/a | n/a |
| Tech Semiconductors 300046.SZ | China | $766M | -33% | +27% | 8% | 9.2× | 45.7% | -1.6% |
| Talant Optronics (suzhou) 301045.SZ | China | $683M | -15% | -10% | 3% | 8.4× | n/a | n/a |
| Aeva Technologies AEVA | United States | $767M | -34% | +56% | -611% | 33.4× | n/a | n/a |
| Foshan Blue Rocket Electronics 301348.SZ | China | $681M | -24% | +22% | -2% | 5.8× | n/a | n/a |
| Sanken Electric 6707.T | Japan | $673M | -43% | -19% | -8% | 2.1× | n/a | n/a |