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China Resources Microelectronics Ltd. Class A

China Resources Microelectronics Ltd. Class A

SSSE:688396
52.98
CNY
+1.98
(+3.88%)
0.76EPS
116.36P/E
129.57BMarket Cap
Oct 30Next Earn
China Resources Microelectronics Ltd. Class A
SSE:688396
(Shanghai Stock Exchange)

Recent

price

52.98

P/E

ratio

116.36

div

yld

0.26%

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
5
6.69
7.13
6.53
6.05
7.2
7.62
7.5
7.65
8.33
9.02
Revenue per Share
-0.34
0.08
0.49
0.46
0.84
1.76
1.98
1.12
0.58
0.5
0.84
Basic EPS, GAAP
0.77
1.25
1.07
-0.04
1.09
1.7
0.7
-2.63
0.35
0.43
- -
Free Cash Flow per Basic Share
0.02
0.01
0.15
0.18
0.07
0.1
0.19
0.25
0.14
0.09
0.14
Dividend per Share
3.09
4.36
4.72
6.17
8.7
13.1
15.14
16.33
16.85
17.31
17.67
Book Value per Share
2.86
4.04
4.37
5.84
8.46
12.82
14.66
15.92
16.18
16.65
17.02
Tangible Book Value per Share
879
879
879
879
1,152
1,285
1,320
1,320
1,323
1,327
1,328
Basic Weighted Avg Shares
4,397
5,876
6,271
5,743
6,977
9,249
10,060
9,901
10,119
11,054
11,977
Sales/Revenue/Turnover
-2.7
1.68
10.17
8.93
13.37
22.49
20.66
13.95
11.37
10.1
12.25
Operating Margin (%)
995
1,366
940
693
714
778
891
986
1,157
1,294
- -
Depreciation Expense
-303
70
429
401
964
2,268
2,617
1,479
762
661
1,113
Net Income, GAAP
- -
- -
8.98
- -
2.39
4.09
2.01
14.74
16.73
23.24
19.25
Effective Tax Rate (%)
-6.88
1.2
6.85
6.98
13.81
24.52
26.02
14.94
7.54
5.98
9.29
Profit Margin (%)
1,495
2,189
452
3,114
7,866
10,380
12,180
11,839
9,217
9,933
10,986
Working Capital
268
- -
- -
1,506
1,507
115
974
984
64
78
71
LT Debt
2,731
4,471
5,020
6,391
11,801
17,500
20,696
23,630
24,296
24,867
25,538
Total Equity
- -
- -
8.81
- -
9.82
14.09
12.31
6.1
2.66
2.21
3.95
Return on Invested Capital (%)
- -
- -
6.19
- -
8.51
14.41
13.24
6.79
3.66
3.13
4.9
Return on Capital (%)
- -
2.15
10.76
8.37
12.04
16.27
14.04
7.12
3.48
2.92
4.84
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
98
53
50
LT Borrowings
- -
- -
- -
LT Finance Leases
78
75
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,328
1,328
1,328
Market Capitalization
70,173
59,159
129,567

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,035
15,273
16,014
Cash, Cash Equivalents & STI
9,627
9,853
10,287
Accounts Receivable, Net
1,781
1,652
1,867
Inventories
2,279
2,342
2,294
Total Current Liabilities
5,101
4,837
5,028
Payables & Accruals
- -
- -
- -
ST Debt
98
53
50
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.18%
2.35%
Free Cash Flow
- -
-109.93%
23.38%
Net Income, GAAP
- -
9.09%
-13.37%
Sales/Revenue/Turnover
- -
10.24%
9.24%
Total Cash Common Dividend
- -
21.75%
-41.06%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,116
2,644
2,711
2,647
10,119
2025
2,355
2,863
- -
2,985
11,054
2026
2,857
3,271
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.19
0.17
0.2
0.58
2025
0.06
0.19
- -
0.1
0.5
2026
0.25
0.3
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.12
0.01
0.01
0.14
2025
- -
0.06
- -
0.03
0.09
2026
- -
0.05
- -
- -
- -
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Business
China Resources Microelectronics Limited engages in the design, manufacture, and sale of semiconductors with integrated operations across the full industry chain, including IC design, wafer manufacturing, packaging, and testing. The company, founded in 2003 and headquartered in Wuxi, Jiangsu Province, China, operates primarily in power semiconductors and intelligent sensors; its core products and services encompass discrete devices such as power MOSFETs, IGBTs, and diodes; integrated circuits including power management ICs and sensor ICs; and manufacturing services like wafer foundry and assembly testing provided through its products & solutions and manufacturing & service segments. A subsidiary of China Resources Group, it maintains production facilities and business operations across the Yangtze River Delta, Chengdu-Chongqing region, and Greater Bay Area, including sites in Wuxi, Shanghai, Chongqing, Shenzhen, Dongguan, and Hong Kong, serving markets in China and internationally with a focus on automotive, industrial, consumer electronics, and new energy applications. In recent developments, the company reported steady revenue growth with a 12% year-on-year increase in 2024 alongside an 8% rise in net profit, reflecting strong demand amid a volatile chip market, and announced plans to raise prices for power MOSFET and IGBT chips due to fully utilized fab capacity. It completed strategic acquisitions including a smaller semiconductor firm in early 2023 for RMB 500 million to enhance technology capabilities, participated in equity transactions such as Runke Equity Investment Fund acquiring a stake in Xipan Microelectronics from the company in 2023, and launched initiatives like the "China Booster" project in late 2024 with Hong Kong Science and Technology Parks Corporation to support global tech firms' expansion into China. Additionally, China Resources Microelectronics continues to invest heavily in R&D, allocating approximately RMB 1.2 billion in 2023 for product innovations and capacity expansions in 8-inch and 12-inch wafer foundries, while pursuing partnerships with major tech firms and smartphone manufacturers to bolster its power semiconductor and sensor solutions amid China's push for semiconductor self-sufficiency.