Loading…
Employees: 1,175
Size Macmic Science & Technology (688711.SS) is a China Information Technology company (Semiconductors) with a market value of $635M, the 3285th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.62 on 6 Nov 2026.
Performance Over six months the shares fell 27.4%, against -24.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 15.8% over the last twelve months (peer median +10.1%); the operating margin is -3.4% (peer median 2.6%).
Valuation It trades at 98.1× forward earnings against a peer median of 14.0× (2nd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is +17 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 12.1 points below its cost of capital (13.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.55B | CN¥1.35B | CN¥1.33B | CN¥1.50B | CN¥926M |
| Revenue growth | — | +1% | -12% | +62% | — |
| Gross profit | CN¥266M | CN¥215M | CN¥189M | CN¥323M | CN¥185M |
| EBITDA | n/a | CN¥118M | CN¥47.6M | CN¥163M | CN¥90.3M |
| Net income | CN¥15.2M | CN¥17.1M | -CN¥14.5M | CN¥116M | CN¥78.7M |
| Free cash flow | CN¥253M | CN¥73.6M | CN¥10.3M | -CN¥348M | -CN¥202M |
| Capital expenditure | CN¥103M | CN¥66.3M | CN¥116M | CN¥206M | CN¥130M |
| Total debt | CN¥938M | CN¥1.08B | CN¥937M | CN¥808M | CN¥391M |
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.
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 | 688711.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -16.5% | 9th lowest of 21 |
| 6-month return | -27.4% | -24.4% | 9th lowest of 20 |
| Distance from 52-week high | -58.5% | -44.5% | 5th lowest of 21 |
| Revenue growth (TTM) | +15.8% | +10.1% | 9th highest of 21 |
| Operating margin | -3.4% | 2.6% | 6th lowest of 21 |
| Forward P/E | 98.1× | 14.0× | 2nd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 49.0% | 15.1% | most demanding of 9 |
| Growth delivered (Del g) | +32.4% | +7.2% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +16.5 pp | +4.9 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | -12.1 pp | -4.0 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Macmic Science & Technology 688711.SS | China | $635M | -27% | +16% | -3% | 98.1× | 49.0% | +32.4% |
| Hongli Zhihui 300219.SZ | China | $638M | -22% | +10% | 3% | n/a | 8.3% | +6.9% |
| Silicon Integrated Systems 2363.TW | Taiwan | $649M | -25% | +78% | 2% | n/a | 28.1% | +77.5% |
| KoMiCo 183300.KS | South Korea | $621M | +14% | +22% | 15% | 15.6× | n/a | n/a |
| ITE Tech 3014.TW | Taiwan | $620M | -6% | -4% | 27% | 11.9× | -8.4% | +7.6% |
| Tyntek 2426.TW | Taiwan | $619M | -2% | -6% | 1% | n/a | n/a | n/a |
| Formosa Advanced Technologies 8131.TW | Taiwan | $655M | -29% | +37% | 16% | 10.7× | n/a | n/a |
| Xi'an Peri Power Semiconductor Converting Technology 300831.SZ | China | $613M | -34% | +107% | 34% | n/a | n/a | n/a |
| Xiamen Guangpu Electronics 300632.SZ | China | $612M | -44% | -1% | -13% | n/a | 37.5% | -3.6% |
| Global Mixed-Mode Technology 8081.TW | Taiwan | $612M | -11% | -1% | 17% | 11.7× | -2.8% | +3.2% |
| Viewtrix Technology 3310.HK | Hong Kong | $608M | n/a | +24% | -22% | n/a | n/a | n/a |
| Shanghai Orient-Chip Technology 688061.SS | China | $664M | +14% | +4% | -9% | 95.5× | n/a | n/a |
| Halo Microelectronics 688173.SS | China | $606M | -42% | +11% | -14% | 326.0× | n/a | n/a |
| PVA TePla TPE.DE | Germany | $666M | -37% | -4% | 1% | 62.0× | n/a | n/a |
| Shenzhen Kiwi Instruments 688045.SS | China | $604M | -3% | +45% | 8% | 68.1× | 31.6% | +9.7% |
| Shenzhen Refond Optoelectronics 300241.SZ | China | $668M | -22% | +24% | 4% | n/a | 16.7% | +8.4% |
| Jiangxi Lianchuang Optoelectronic Science & Tech 600363.SS | China | $603M | -82% | -10% | 1% | 7.2× | n/a | n/a |
| Orient Semiconductor Electronics 2329.TW | Taiwan | $670M | -46% | +11% | 7% | 12.4× | n/a | n/a |
| Sanken Electric 6707.T | Japan | $673M | -43% | -19% | -8% | n/a | n/a | n/a |
| Foshan Blue Rocket Electronics 301348.SZ | China | $681M | -24% | +22% | -2% | n/a | n/a | n/a |
| First Sensor SIS.DE | Germany | $591M | -6% | -18% | 7% | n/a | 13.5% | -7.4% |