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Suzhou lab offering failure analysis, material analysis and reliability testing services for chip designers and fabs.
Suzhou lab offering failure analysis, material analysis and reliability testing services for chip designers and fabs.
Charges fees for lab work that finds why chips fail and what they are made of, mostly serving chip-design houses, wafer fabs and equipment makers at the research and development stage. Its Labless model lets customers use shared lab capacity instead of building their own. Failure analysis and material analysis carry the business; it listed in 2025.
Moat: narrow (process know-how, scale). Costly electron-microscope labs and nanometre-scale analysis skills; shared-lab model lowers customers' cost.
Headquarters: Suzhou, China · Founded: 2012 · Employees: 945
Size Wintech Nano (Suzhou) (688757.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.39B, the 1749th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.98 on 6 Nov 2026.
Performance Over six months the shares fell 18.4%, against -6.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 22.9% over the last twelve months (peer median +6.3%); the operating margin is 7.2% (peer median 7.6%).
Valuation It trades at 16.4× enterprise value to sales against a peer median of 2.8× (2nd most expensive of 21).
Capital Return on invested capital runs 9.5 points below its cost of capital (16.9% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥623M | CN¥530M | CN¥415M | CN¥394M | CN¥287M |
| Revenue growth | — | +28% | +5% | +37% | — |
| Gross profit | CN¥346M | CN¥189M | CN¥179M | CN¥197M | CN¥141M |
| EBITDA | n/a | CN¥224M | CN¥200M | CN¥194M | CN¥126M |
| Net income | CN¥36.1M | CN¥61.9M | CN¥81.2M | CN¥98.5M | CN¥65.6M |
| Free cash flow | -CN¥269M | -CN¥296M | -CN¥170M | -CN¥92.1M | -CN¥136M |
| Capital expenditure | CN¥534M | CN¥499M | CN¥393M | CN¥335M | CN¥290M |
| Total debt | CN¥1.10B | CN¥849M | CN¥692M | CN¥572M | CN¥502M |
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 |
|---|---|---|---|---|---|---|
| Wintech Nano (Suzhou) 688757.SS | $1.39B | -18% | +23% | 7% | 16.4× | n/a |
| GRG Metrology & Test 002967.SZ | $1.72B | -16% | +13% | 13% | 3.0× | 3.9% |
| Suzhou Sushi Testing 300416.SZ | $957M | -26% | +8% | 15% | 3.2× | 2.6% |
| Centre Testing International 300012.SZ | $3.96B | -5% | +15% | 16% | 3.5× | 14.2% |
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 | 688757.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.8% | -6.4% | 8th lowest of 21 |
| 6-month return | -18.4% | -6.0% | 5th lowest of 21 |
| Distance from 52-week high | -70.9% | -36.5% | lowest of 21 |
| Revenue growth (TTM) | +22.9% | +6.3% | 3rd highest of 21 |
| Operating margin | 7.2% | 7.6% | 10th lowest of 21 |
| EV / Sales | 16.4× | 2.8× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -9.5 pp | -3.3 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wintech Nano (Suzhou) 688757.SS | China | $1.39B | -18% | +23% | 7% | 16.4× | n/a | n/a |
| China Security 600654.SS | China | $1.39B | -31% | -30% | -1% | 3.7× | 56.7% | +0.4% |
| Concord Biotech CONCORDBIO.NS | India | $1.40B | +2% | +4% | 28% | 10.9× | 47.1% | +11.6% |
| SBS 2384.T | Japan | $1.38B | +32% | +22% | 6% | 0.6× | -8.2% | +13.8% |
| Siglent Technologies 688112.SS | China | $1.41B | -5% | +30% | 24% | 11.0× | 31.3% | +22.0% |
| China National Electric Apparatus Research Institute 688128.SS | China | $1.42B | -12% | +8% | 11% | 1.7× | 4.0% | +13.5% |
| Derichebourg DBG.PA | France | $1.42B | -24% | -3% | 5% | 0.6× | 6.8% | +6.3% |
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 1.0× | -2.2% | +4.4% |
| Changchun Up Optotech 002338.SZ | China | $1.34B | -39% | +22% | 2% | 11.0× | n/a | n/a |
| TKC 9746.T | Japan | $1.34B | +21% | +14% | 22% | 1.9× | -9.9% | +4.2% |
| Nittetsu Mining 1515.T | Japan | $1.34B | +10% | +13% | 9% | 1.1× | n/a | n/a |
| Central Mine Planning & Design Institute CMPDI.NS | India | $1.34B | -15% | +10% | 33% | 4.8× | 4.0% | +18.7% |
| Suzhou Novoprotein Scientific 688137.SS | China | $1.33B | +161% | +8% | -62% | 51.3× | n/a | n/a |
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 3.0× | 26.1% | +38.9% |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 6.3× | n/a | n/a |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 2.7× | -2.3% | +6.7% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 7.8× | n/a | n/a |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 0.1× | -20.6% | +1.9% |
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 2.4× | 13.4% | +14.4% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | 15.3× | n/a | n/a |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 0.8× | -2.2% | +6.3% |