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Designs special-purpose ICs (CPLD/FPGA, memory, MCU, analog) mainly for China's defense and industrial-control sectors.
Designs special-purpose ICs (CPLD/FPGA, memory, MCU, analog) mainly for China's defense and industrial-control sectors.
Sells specialised chips to defence and industrial equipment makers, usually designed into a system for years, so revenue follows long procurement programmes and customers rarely change suppliers mid-programme.
In one line: A small Chinese Microchip/Lattice for defense-grade programmable and analog chips.
Moat: narrow (regulatory licence, customer qualification, IP / patents). Specialty/defense-grade chip qualifications create high switching costs and limited competition within China.
Headquarters: Chengdu, China · Founded: 2000 · Employees: 990
Size Chengdu Sino-Microelectronics Tech (688709.SS) is a China Information Technology company (Semiconductors) with a market value of $1.90B, the 1318th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.05 on 6 Nov 2026.
Performance Over six months the shares fell 46.8%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 15.0% over the last twelve months (peer median +28.7%); the operating margin is -19.1% (peer median 11.7%).
Valuation It trades at 29.9× forward earnings against a peer median of 20.7× (5th most expensive of 17).
Capital Return on invested capital runs 14.1 points below its cost of capital (12.8% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥594M | CN¥756M | CN¥601M | CN¥917M | CN¥839M |
| Revenue growth | — | +26% | -34% | +9% | — |
| Gross profit | CN¥418M | CN¥514M | CN¥444M | CN¥685M | CN¥627M |
| EBITDA | n/a | CN¥197M | CN¥129M | CN¥342M | CN¥338M |
| Net income | -CN¥101M | CN¥154M | CN¥122M | CN¥311M | CN¥281M |
| Free cash flow | -CN¥261M | -CN¥598M | -CN¥183M | -CN¥53.8M | -CN¥167M |
| Capital expenditure | CN¥137M | CN¥254M | CN¥208M | CN¥107M | CN¥165M |
| Total debt | CN¥762M | CN¥839M | CN¥530M | CN¥635M | CN¥634M |
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 |
|---|---|---|---|---|---|---|
| Chengdu Sino-Microelectronics Tech 688709.SS | $1.90B | -47% | -15% | -19% | 29.9× | n/a |
| Lattice Semiconductor LSCC | $14.9B | -17% | +63% | 13% | 26.2× | n/a |
| Microchip Technology MCHP | $31.7B | -41% | +21% | 16% | 14.5× | 34.2% |
| Unigroup Guoxin Microelectronics 002049.SZ | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% |
| China Resources Microelectronics 688396.SS | $9.72B | -14% | +17% | 10% | 46.9× | 25.7% |
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 | 688709.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | -26.0% | 7th highest of 21 |
| 6-month return | -46.8% | -32.0% | 4th lowest of 21 |
| Distance from 52-week high | -64.1% | -51.5% | 4th lowest of 21 |
| Revenue growth (TTM) | -15.0% | +28.7% | 3rd lowest of 21 |
| Operating margin | -19.1% | 11.7% | 2nd lowest of 21 |
| Forward P/E | 29.9× | 20.7× | 5th most expensive of 17 |
| ROIC minus cost of capital | -14.1 pp | -4.9 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chengdu Sino-Microelectronics Tech 688709.SS | China | $1.90B | -47% | -15% | -19% | 29.9× | n/a | n/a |
| Psk 031980.KS | South Korea | $1.89B | -4% | +7% | 36% | 19.2× | 19.3% | +39.2% |
| Siltronic WAF.DE | Germany | $1.86B | -46% | +1% | -16% | n/a | n/a | n/a |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 22.1× | 15.6% | +23.1% |
| Southchip Semiconductor Technology (Shanghai) 688484.SS | China | $1.95B | -21% | +9% | -2% | 882.8× | n/a | n/a |
| Emmvee Photovoltaic Power EMMVEE.NS | India | $1.84B | -5% | +116% | 29% | 11.4× | n/a | n/a |
| ISC 095340.KS | South Korea | $1.82B | -50% | +61% | 30% | 29.8× | 10.5% | +12.6% |
| Cohu COHU | United States | $1.82B | -22% | +34% | -2% | 19.3× | 21.5% | -6.6% |
| Shanghai V-Test Semiconductor Tech 688372.SS | China | $1.82B | -53% | +53% | 18% | 29.2× | n/a | n/a |
| BOE HC SemiTek 300323.SZ | China | $1.81B | -38% | +23% | -8% | 53.6× | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 1.6× | n/a | n/a |
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | n/a | n/a | n/a |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 643.2× | n/a | n/a |
| Ferrotec 6890.T | Japan | $2.08B | -19% | +43% | 12% | 8.3× | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 28.7× | 28.3% | +6.2% |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | n/a | n/a | n/a |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 14.1× | n/a | n/a |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 37.6× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | n/a | 38.4% | -4.7% |
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% | +20.2% |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 18.3× | n/a | n/a |