Vanchip (Tianjin) Technology Co., Ltd. Class A

Vanchip (Tianjin) Technology Co., Ltd. Class A

SSSE:688153
22.23
CNY
-0.51
(-2.24%)
-0.12EPS
13.82BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.88
17.37
15.02
1.51
3.1
6.29
9.74
6
7.17
5.32
5.32
5.16
Basic EPS, GAAP
0.5
1.92
1.75
-0.18
-0.16
-0.27
-0.19
0.14
0.27
-0.06
0.1
-0.12
Free Cash Flow per Basic Share
0.49
1.02
1.53
-0.17
0.28
0.38
-0.55
-0.77
1.46
-1.37
1.32
- -
Dividend per Share
- -
- -
0.01
0.01
0.01
0.01
- -
0.01
0.01
0.06
0.01
0.01
Book Value per Share
0.49
2.3
3.98
5.84
6.16
1.56
2.75
9.38
9.65
9.28
9.35
10.07
Tangible Book Value per Share
0.49
2.29
3.96
5.82
6.12
1.52
2.68
9.28
9.56
9.2
9.25
9.98
Basic Weighted Avg Shares
29
27
27
188
187
288
360
381
416
395
436
429
Sales/Revenue/Turnover
340
469
406
284
581
1,810
3,509
2,288
2,982
2,103
2,321
2,214
Operating Margin (%)
0.77
9.67
7.94
-10.58
-6.55
-1.85
0.52
2.94
4.64
-3.26
-0.33
-3.48
Depreciation Expense
1
2
3
3
5
11
34
68
95
110
106
- -
Net Income, GAAP
14
52
47
-34
-30
-78
-68
53
112
-24
44
-52
Effective Tax Rate (%)
- -
- -
0.06
- -
- -
- -
532.82
42.44
9.64
- -
- -
- -
Profit Margin (%)
4.22
11.06
11.65
-11.92
-5.16
-4.29
-1.95
2.33
3.77
-1.13
1.88
-2.34
Working Capital
9
58
104
145
129
504
879
3,430
3,587
3,405
3,359
3,279
LT Debt
- -
- -
- -
- -
- -
10
64
14
10
20
52
59
Total Equity
14
66
114
167
176
560
1,099
3,832
4,035
3,992
4,023
4,335
Return on Invested Capital (%)
- -
- -
38.58
- -
- -
- -
-6.23
1.91
2.97
- -
- -
- -
Return on Capital (%)
- -
- -
49.64
- -
- -
- -
-8.33
2.16
2.85
- -
- -
- -
Return on Common Equity (%)
- -
129.42
52.54
-24.07
-17.45
-21.1
-8.25
2.17
2.85
-0.59
1.09
-1.25

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
191
193
187
LT Borrowings
18
18
18
LT Finance Leases
34
43
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
430
430
430
Market Capitalization
16,197
14,153
13,822

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,949
3,990
3,862
Cash, Cash Equivalents & STI
3,007
2,989
2,767
Accounts Receivable, Net
385
264
244
Inventories
490
634
767
Total Current Liabilities
590
668
583
Payables & Accruals
- -
- -
- -
ST Debt
191
193
187
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
106%
69.98%
0.79%
Free Cash Flow
-111.57%
-186.48%
-206.59%
Net Income, GAAP
-25.64%
-96.95%
-283.91%
Sales/Revenue/Turnover
38.06%
14.05%
10.36%
Total Cash Common Dividend
287.36%
154.2%
-82.38%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
461
610
420
611
2,103
2025
509
478
- -
762
2,321
2026
483
491
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.04
-0.1
0.02
-0.06
2025
-0.04
0.02
- -
0.08
0.1
2026
-0.11
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
- -
0.06
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yi Jun Sun
Full Time Employees
592
Sector
Producer manufacturing
Industry
Electrical products
Address
Tianjin China
IPO Date
Apr 12, 2022
Business
Vanchip (Tianjin) Technology Co., Ltd. is a fabless semiconductor design company that specializes in the research, development, and sale of radio frequency front-end (RFFE) integrated circuits and high-performance analog chips. Founded in 2010 and headquartered in Tianjin, China, the company provides wireless communication semiconductor solutions for mobile smart terminals, networking equipment, intelligent automotive platforms, and Internet of Things (IoT) devices. Vanchip operates research and development centers, application engineering labs, and sales hubs across key technology centers in China, including Tianjin, Beijing, Shanghai, Shenzhen, and Suzhou, serving top-tier consumer electronics original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company's core product portfolio encompasses a broad spectrum of radio frequency and mixed-signal components, including cellular radio frequency power amplifier modules such as 5G and 4G multi-mode multi-band power amplifier modules (MMMB PAM), high-integration transmit/receive modules (L-PAMiD and L-PAMiF), and discrete power amplifier integrated circuits; receiver front-end modules, including low-noise amplifier front-end modules (L-FEM), antenna switches, and integrated switch-LNA combinations; discrete radio frequency control components, including radio frequency antenna tuners, high-isolation multi-throw switches, low-noise amplifiers (LNAs), and radio frequency filter/duplexer components; wireless connectivity front-end solutions, comprising Wi-Fi 6, Wi-Fi 6E, and Wi-Fi 7 front-end modules (FEM), Bluetooth front-end modules, and Ultra-Wideband (UWB) modules for smart home, router, and AI edge devices; satellite communication radio frequency front-end chips enabling direct satellite messaging and connectivity on mobile handsets; and automotive-grade radio frequency modules certified under AEC-Q100 standards for in-vehicle infotainment and telematics control units. In recent developments, Vanchip has expanded its high-end product footprint with the mass-market commercialization of its second-generation 5G L-PAMiD modules, including Phase 7LE Plus and Phase 8L series architectures, securing volume deployments across flagship smartphone models produced by major domestic mobile brands. The company has also achieved volume shipment of its next-generation Wi-Fi 7 front-end modules and direct-to-cell satellite communication chips. To strengthen its supply chain security and module integration capabilities, Vanchip executed a strategic investment of CNY 270 million in 2026 to acquire a 33.4 percent equity interest in acoustic filter manufacturer Spectron Technologies, securing proprietary acoustic and Lamb-wave filter capacity for its high-density RF modules. Additionally, the company expanded its communication silicon ecosystem through a late-2025 strategic investment in Nanphi Microelectronics, extending its technical reach into high-speed Ethernet switching silicon and data center networking solutions.