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Shenzhen-based microelectronics company; specific product line is not confirmed.
Shenzhen-based microelectronics company; specific product line is not confirmed.
Moat: narrow
Headquarters: Shenzhen, China · Employees: 976
Size Shenzhen Sunmoon Microelectronics (688699.SS) is a China Information Technology company (Semiconductors) with a market value of $698M, the 3064th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.30 on 6 Nov 2026.
Performance Over six months the shares fell 23.7%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 50.0% over the last twelve months (peer median +19.9%); the operating margin is 9.2% (peer median 1.9%).
Valuation It trades at 4.9× enterprise value to sales against a peer median of 2.7× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +26 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.4 points below its cost of capital (14.1% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥940M | CN¥664M | CN¥607M | CN¥644M | CN¥683M |
| Revenue growth | — | +9% | -6% | -6% | — |
| Gross profit | CN¥366M | CN¥119M | CN¥130M | CN¥79.3M | CN¥153M |
| EBITDA | n/a | CN¥33.5M | CN¥77.0M | -CN¥39.4M | CN¥42.4M |
| Net income | CN¥122M | -CN¥46.5M | CN¥7.09M | -CN¥86.6M | CN¥10.6M |
| Free cash flow | CN¥110M | CN¥90.9M | -CN¥85.1M | CN¥241M | -CN¥167M |
| Capital expenditure | CN¥43.8M | CN¥26.0M | CN¥39.5M | CN¥17.6M | CN¥63.3M |
| Total debt | CN¥269M | CN¥240M | CN¥91.2M | CN¥73.1M | CN¥29.9M |
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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 | 688699.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.0% | -16.3% | 5th lowest of 21 |
| 6-month return | -23.7% | -28.2% | 7th highest of 21 |
| Distance from 52-week high | -52.1% | -51.9% | 11th highest of 21 |
| Revenue growth (TTM) | +50.0% | +19.9% | 2nd highest of 21 |
| Operating margin | 9.2% | 1.9% | 6th highest of 21 |
| EV / Sales | 4.9× | 2.7× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.7% | 16.4% | 2nd most demanding of 5 |
| Growth delivered (Del g) | +4.9% | +8.9% | 2nd lowest of 5 |
| Hurdle (Req g minus delivered) | +25.8 pp | +3.5 pp | most demanding of 5 |
| ROIC minus cost of capital | -4.4 pp | -7.1 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Lingda 300125.SZ | China | $702M | -26% | +54% | -102% | 26.2× | n/a | n/a |
| Xinte Energy 1799.HK | Hong Kong | $707M | -41% | +12% | -6% | 1.8× | n/a | n/a |
| UniTTEC 000925.SZ | China | $688M | -24% | +18% | 3% | 2.9× | n/a | n/a |
| X-FAB Silicon Foundries XFAB.PA | France | $709M | -38% | -8% | 2% | 1.3× | n/a | n/a |
| Talant Optronics (suzhou) 301045.SZ | China | $683M | -15% | -10% | 3% | 8.4× | n/a | n/a |
| Hd Hyundai Energy Solutions 322000.KS | South Korea | $714M | -63% | +39% | 16% | 1.5× | 3.2% | +4.5% |
| Alpha and Omega Semiconductor L AOSL | United States | $716M | -38% | -2% | -6% | 0.8× | n/a | n/a |
| Foshan Blue Rocket Electronics 301348.SZ | China | $681M | -24% | +22% | -2% | 5.8× | n/a | n/a |
| Changzhou Galaxy Century Microelectronics 688689.SS | China | $723M | -9% | +29% | 11% | 3.1× | n/a | n/a |
| Sanken Electric 6707.T | Japan | $673M | -43% | -19% | -8% | 2.1× | n/a | n/a |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | 2.2× | n/a | n/a |
| Orient Semiconductor Electronics 2329.TW | Taiwan | $670M | -46% | +11% | 7% | 1.1× | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | 5.6× | n/a | n/a |
| Shenzhen Refond Optoelectronics 300241.SZ | China | $668M | -22% | +24% | 4% | 2.2× | 16.7% | +8.4% |
| PVA TePla TPE.DE | Germany | $666M | -37% | -4% | 1% | 2.6× | n/a | n/a |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | 5.7× | n/a | n/a |
| Shanghai Orient-Chip Technology 688061.SS | China | $664M | +14% | +4% | -9% | 5.1× | n/a | n/a |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | 9.5× | 30.7% | +9.5% |
| Formosa Advanced Technologies 8131.TW | Taiwan | $655M | -29% | +37% | 16% | 1.5× | n/a | n/a |