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Fabless designer of CMOS image sensors for smartphones and other consumer/industrial cameras.
Fabless designer of CMOS image sensors for smartphones and other consumer/industrial cameras.
Sells image sensors mainly to Chinese Android phone makers, with display driver chips as a second line, so volumes follow Chinese handset builds and camera upgrades in each model cycle.
In one line: A Chinese OmniVision Technologies competitor.
Moat: narrow (IP / patents, customer qualification). Design wins with domestic phone makers create qualification-based switching costs within a model generation.
Headquarters: Shanghai, China · Founded: 2014 · Employees: 2,364
Size GalaxyCore (688728.SS) is a China Information Technology company (Semiconductors) with a market value of $5.41B, the 463rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.87 on 6 Nov 2026.
Performance Over six months the shares gained 0.6%, against -25.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 15.9% over the last twelve months (peer median +28.5%); the operating margin is 3.0% (peer median 18.0%).
Valuation It trades at 86.7× forward earnings against a peer median of 33.5× (most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +25 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 4.0 points below its cost of capital (9.2% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.75B | CN¥7.78B | CN¥6.38B | CN¥4.69B | CN¥5.93B |
| Revenue growth | — | +22% | +36% | -21% | — |
| Gross profit | CN¥2.60B | CN¥1.38B | CN¥1.33B | CN¥1.28B | CN¥1.73B |
| EBITDA | n/a | CN¥1.27B | CN¥1.14B | CN¥683M | CN¥500M |
| Net income | CN¥117M | CN¥50.5M | CN¥187M | CN¥48.2M | CN¥439M |
| Free cash flow | CN¥170M | -CN¥693M | -CN¥681M | -CN¥760M | -CN¥4.25B |
| Capital expenditure | CN¥2.61B | CN¥2.35B | CN¥1.64B | CN¥1.16B | CN¥4.69B |
| Total debt | CN¥13.9B | CN¥14.0B | CN¥12.2B | CN¥10.4B | CN¥8.61B |
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 |
|---|---|---|---|---|---|---|
| GalaxyCore 688728.SS | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% |
| Smartsens Technology (Shanghai) 688213.SS | $7.01B | +21% | +27% | 13% | 30.9× | 23.1% |
| Sony 6758.T | $156B | +33% | +1% | 13% | 18.7× | 3.4% |
| OmniVision Integrated Circuits 603501.SS | $16.1B | -12% | +2% | 13% | 31.4× | n/a |
| PixArt Imaging 3227.TWO | $781M | -20% | +5% | 18% | 14.0× | 0.0% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% |
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 | 688728.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | -20.0% | 3rd highest of 21 |
| 6-month return | +0.6% | -25.5% | 6th highest of 20 |
| Distance from 52-week high | -46.4% | -51.9% | 10th highest of 21 |
| Revenue growth (TTM) | +15.9% | +28.5% | 6th lowest of 21 |
| Operating margin | 3.0% | 18.0% | 6th lowest of 21 |
| Forward P/E | 86.7× | 33.5× | most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 28.8% | 23.6% | 6th most demanding of 12 |
| Growth delivered (Del g) | +3.8% | +20.0% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | +24.9 pp | +4.4 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | -4.0 pp | +4.0 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% | +3.8% |
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | n/a | 19.6% | +20.0% |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 52.7× | n/a | n/a |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 8.4× | n/a | n/a |
| Impinj PI | United States | $5.28B | +12% | +8% | -1% | 62.6× | 47.2% | +21.1% |
| Allegro MicroSystems ALGM | United States | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% | +8.5% |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |
| Win Semiconductors 3105.TWO | Taiwan | $5.19B | -27% | +24% | 11% | 28.5× | 48.8% | -8.2% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | n/a | n/a | n/a |
| Cirrus Logic CRUS | United States | $5.69B | -34% | +6% | 23% | 16.9× | 1.5% | +7.8% |
| Dosilicon 688110.SS | China | $5.13B | -7% | +375% | 54% | 27.4× | 23.6% | +3.3% |
| Henan Shijia Photons Technology 688313.SS | China | $5.72B | -36% | +73% | 22% | 47.9× | n/a | n/a |
| SG Micro 3661.HK | Hong Kong | $5.78B | n/a | +54% | 17% | 38.7× | 3.4% | +25.8% |
| EverProX Technologies 300548.SZ | China | $5.04B | -59% | +64% | 35% | 33.5× | 30.9% | +26.6% |
| Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ | China | $5.03B | -28% | +19% | 18% | 24.9× | 16.9% | +16.5% |
| Amlogic (Shanghai) 688099.SS | China | $5.84B | -13% | +39% | 17% | 22.4× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 63.3× | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| MaxOne Semiconductor (Suzhou) 688809.SS | China | $4.90B | +2% | +57% | 39% | n/a | n/a | n/a |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| CSI Solar 688472.SS | China | $4.87B | -37% | -36% | -2% | 48.8× | n/a | n/a |