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Chinese fabless designer of power semiconductor chips (MOSFETs, gate drivers, power ICs) for appliances and industrial motors.
Chinese fabless designer of power semiconductor chips (MOSFETs, gate drivers, power ICs) for appliances and industrial motors.
In one line: A tiny Chinese Power Integrations.
Moat: none (process know-how). Small fabless power-IC designer competing against many domestic and global peers on price.
Headquarters: Zhangjiagang, China · Founded: 2015 · Employees: 244
Size Suzhou Convert Semiconductor (688693.SS) is a China Information Technology company (Semiconductors) with a market value of $543M, the 3660th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.02 on 6 Nov 2026.
Performance Over six months the shares fell 47.9%, against -40.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 48.9% over the last twelve months (peer median +23.6%); the operating margin is -33.8% (peer median 1.1%).
Valuation It trades at 10.0× enterprise value to sales against a peer median of 3.2× (4th most expensive of 21).
Capital Return on invested capital runs 30.1 points below its cost of capital (14.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥332M | CN¥255M | CN¥130M | CN¥214M | CN¥235M |
| Revenue growth | — | +96% | -39% | -9% | — |
| Gross profit | CN¥106M | CN¥64.5M | CN¥33.5M | CN¥87.8M | CN¥104M |
| EBITDA | n/a | -CN¥87.3M | -CN¥97.2M | CN¥20.3M | CN¥61.5M |
| Net income | -CN¥97.8M | -CN¥90.8M | -CN¥97.2M | CN¥17.8M | CN¥61.1M |
| Free cash flow | -CN¥148M | -CN¥98.4M | -CN¥60.4M | -CN¥54.0M | -CN¥59.3M |
| Capital expenditure | CN¥20.4M | CN¥11.8M | CN¥14.4M | CN¥19.2M | CN¥49.1M |
| Total debt | CN¥82.3M | CN¥41.2M | CN¥18.2M | CN¥21.4M | CN¥66.5M |
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 |
|---|---|---|---|---|---|---|
| Suzhou Convert Semiconductor 688693.SS | $543M | -48% | +49% | -34% | 10.0× | n/a |
| Hangzhou Silan Microelectronics 600460.SS | $5.93B | -18% | +12% | 2% | 3.2× | n/a |
| StarPower Semiconductor 603290.SS | $2.50B | -33% | +4% | 1% | 4.3× | 26.3% |
| China Resources Microelectronics 688396.SS | $9.72B | -14% | +17% | 10% | 4.5× | 25.7% |
| POWI POWI | $2.25B | -45% | +2% | 8% | 4.4× | 35.9% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 4.2× | 30.2% |
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 | 688693.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.4% | -21.8% | 10th lowest of 21 |
| 6-month return | -47.9% | -40.4% | 8th lowest of 21 |
| Distance from 52-week high | -66.3% | -56.5% | 5th lowest of 21 |
| Revenue growth (TTM) | +48.9% | +23.6% | 6th highest of 21 |
| Operating margin | -33.8% | 1.1% | 4th lowest of 21 |
| EV / Sales | 10.0× | 3.2× | 4th most expensive of 21 |
| ROIC minus cost of capital | -30.1 pp | -4.6 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Convert Semiconductor 688693.SS | China | $543M | -48% | +49% | -34% | 10.0× | n/a | n/a |
| TFE 425420.KS | South Korea | $544M | -8% | +54% | 17% | 5.2× | 7.4% | +15.5% |
| Brite Semiconductor (Shanghai) 688691.SS | China | $542M | -59% | +27% | -18% | 3.1× | n/a | n/a |
| QD Laser 6613.T | Japan | $546M | +43% | +7% | -19% | 56.3× | n/a | n/a |
| Vikram Solar VIKRAMSOLR.NS | India | $546M | -37% | +40% | 12% | 1.0× | n/a | n/a |
| Jiangsu Rijiu Optoelectronics Jointstock 003015.SZ | China | $548M | -22% | +5% | 12% | 5.3× | 15.8% | +5.3% |
| Advanced Wireless Semiconductor 8086.TWO | Taiwan | $537M | -41% | +36% | 23% | 3.6× | 6.3% | +3.0% |
| JinkoSolar Holding Co., Ltd. Sponsored ADR JKS | United States | $551M | -55% | -15% | -8% | 0.8× | n/a | n/a |
| Hubei W-Olf Photoelectric Technology 002962.SZ | China | $534M | -25% | +3% | 1% | 2.2× | 24.2% | +15.0% |
| Shenzhen China Micro Semicon 688380.SS | China | $532M | -39% | +40% | 21% | 1.6× | 6.0% | +24.3% |
| Yingkou Jinchen Machinery 603396.SS | China | $555M | -24% | -5% | 5% | 1.3× | 21.1% | +21.8% |
| Black Sesame International 2533.HK | Hong Kong | $555M | -66% | +73% | -148% | 3.4× | n/a | n/a |
| Shenzhen EXC-LED Technology 300889.SZ | China | $562M | -29% | +20% | -7% | 3.2× | n/a | n/a |
| Inner Mongolia OJing Science and Technology 001269.SZ | China | $523M | -16% | -2% | -51% | 7.8× | n/a | n/a |
| Kopin KOPN | United States | $564M | -44% | -7% | -35% | 11.8× | n/a | n/a |
| Hana Materials 166090.KS | South Korea | $521M | -51% | +31% | 24% | 2.3× | -2.6% | +6.4% |
| Jiangsu Transimage Technology 002866.SZ | China | $567M | -49% | -5% | 3% | 1.9× | 12.9% | +4.2% |
| Walton Advanced Engineering 8110.TW | Taiwan | $520M | -32% | +11% | -19% | 2.1× | n/a | n/a |
| Taiwan Microloops 6831.TW | Taiwan | $569M | -46% | +117% | 12% | 4.6× | n/a | n/a |
| NSING Technologies 2701.HK | Hong Kong | $517M | -54% | +55% | 1% | 2.8× | n/a | n/a |
| Silex Systems SLX.AX | Australia | $574M | -49% | +89% | -33% | 47.3× | 43.3% | +48.1% |