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Fabless Chinese chipmaker designing microcontrollers (MCUs) and CMOS image sensors for consumer and IoT devices.
Fabless Chinese chipmaker designing microcontrollers (MCUs) and CMOS image sensors for consumer and IoT devices.
In one line: China's STMicroelectronics/OmniVision for MCUs and image sensors.
Moat: narrow (IP / patents, process know-how). Chip design IP in a competitive, commoditizing MCU/image-sensor market with many domestic rivals.
Headquarters: Shanghai, China · Founded: 2011 · Employees: 574
Size Puya Semiconductor (Shanghai) (688766.SS) is a China Information Technology company (Electronics Distributors) with a market value of $5.30B, the 479th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥237.75 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against -8.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 322.6% over the last twelve months (peer median +28.8%); the operating margin is 37.2% (peer median 3.7%).
Valuation It trades at 13.0× forward earnings against a peer median of 12.6× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.9 points above its cost of capital (15.0% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.90B | CN¥2.32B | CN¥1.80B | CN¥1.13B | CN¥925M |
| Revenue growth | — | +29% | +60% | +22% | — |
| Gross profit | CN¥3.96B | CN¥607M | CN¥564M | CN¥247M | CN¥262M |
| EBITDA | n/a | CN¥204M | CN¥317M | -CN¥75.9M | CN¥16.4M |
| Net income | CN¥1.70B | CN¥208M | CN¥292M | -CN¥48.3M | CN¥83.1M |
| Free cash flow | CN¥1.44B | -CN¥32.3M | -CN¥183M | -CN¥50.5M | -CN¥190M |
| Capital expenditure | CN¥191M | CN¥125M | CN¥289M | CN¥73.0M | CN¥60.5M |
| Total debt | CN¥1.37B | CN¥131M | CN¥28.6M | CN¥20.9M | CN¥21.3M |
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 |
|---|---|---|---|---|---|---|
| Puya Semiconductor (Shanghai) 688766.SS | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% |
| STM STM | $41.0B | -29% | +16% | 7% | 17.3× | 38.6% |
| Giga Device Semiconductor 603986.SS | $25.3B | -23% | +166% | 50% | 10.9× | 16.5% |
| Winbond Electronic 2344.TW | $16.4B | +22% | +154% | 43% | 2.8× | 0.6% |
| Macronix International 2337.TW | $4.52B | -53% | +127% | 38% | 1.8× | -7.5% |
| Shanghai Fudan Microelectronics 688385.SS | $4.60B | -31% | +15% | 12% | 31.6× | 24.8% |
| Nuvoton Technology 4919.TW | $1.22B | -46% | 0% | -5% | n/a | n/a |
| Holtek Semiconductor 6202.TW | $297M | -26% | +15% | 10% | 19.1× | 7.4% |
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 | 688766.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.8% | -10.8% | 2nd lowest of 21 |
| 6-month return | -12.3% | -8.1% | 6th lowest of 21 |
| Distance from 52-week high | -73.9% | -28.3% | lowest of 21 |
| Revenue growth (TTM) | +322.6% | +28.8% | highest of 21 |
| Operating margin | 37.2% | 3.7% | highest of 21 |
| Forward P/E | 13.0× | 12.6× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 15.2% | -4.4% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +26.5% | +7.3% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -11.3 pp | -11.7 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +39.9 pp | +3.5 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Puya Semiconductor (Shanghai) 688766.SS | China | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% | +26.5% |
| Canon Marketing Japan 8060.T | Japan | $5.26B | +5% | +3% | 10% | 17.1× | -7.2% | +4.5% |
| WPG 3702.TW | Taiwan | $4.78B | -12% | +29% | 2% | 4.4× | n/a | n/a |
| Avnet AVT | United States | $6.52B | -3% | +44% | 4% | 5.5× | n/a | n/a |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| WT Microelectronics 3036.TW | Taiwan | $7.53B | -11% | +70% | 2% | 6.3× | -11.9% | +27.2% |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| Arrow Electronics ARW | United States | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% | +1.5% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |