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    Electronic technology

  3. •

    Semiconductors
Wafer Works (Shanghai) Co. Ltd. Class A

Wafer Works (Shanghai) Co. Ltd. Class A

SSSE:688584
19.58
CNY
-1.24
(-5.96%)
0.13EPS
268.95P/E
24.06BMarket Cap
Oct 31Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.13
2.34
2.06
1.66
2.32
2.6
2.24
1.65
1.99
1.89
Basic EPS, GAAP
0.14
0.35
0.25
0.1
0.37
0.61
0.41
0.18
0.19
0.13
Free Cash Flow per Basic Share
-0.04
-1.02
-1.16
-0.67
0.07
0.82
0.34
0.18
-1.18
- -
Dividend per Share
0.04
0.05
0.18
0.09
0.06
0.16
0.16
0.33
0.21
0.23
Book Value per Share
2.38
2.69
3.12
3.23
3.79
4.33
4.68
6.22
6.21
6.13
Tangible Book Value per Share
2.34
2.57
2.88
2.99
3.57
4.11
4.47
6.04
6.03
5.97
Basic Weighted Avg Shares
467
531
541
568
573
598
602
671
660
657
Sales/Revenue/Turnover
996
1,240
1,114
941
1,329
1,556
1,348
1,109
1,311
1,244
Operating Margin (%)
7.54
12.64
1.27
5.66
22.27
29.89
22.08
12.43
11.41
10.8
Depreciation Expense
80
83
87
134
189
235
253
276
290
- -
Net Income, GAAP
65
186
135
57
212
365
247
121
125
88
Effective Tax Rate (%)
4.17
9.07
11.32
25.2
13.77
10.84
10.21
11.05
13.92
13.11
Profit Margin (%)
6.56
14.99
12.14
6.03
15.95
23.44
18.31
10.89
9.56
7.06
Working Capital
746
529
536
188
382
554
350
1,521
1,118
1,036
LT Debt
- -
225
657
784
666
508
181
47
500
554
Total Equity
1,342
1,516
1,757
1,821
2,260
2,583
2,789
4,141
4,130
4,105
Return on Invested Capital (%)
- -
7.21
2.87
0.15
6.53
10.87
6.67
3.12
2.83
2
Return on Capital (%)
- -
11.42
6.33
2.86
7.62
11.97
8.34
3.59
2.84
1.97
Return on Common Equity (%)
- -
13.01
8.26
3.17
10.38
15.07
9.19
3.49
3.03
2.12

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
15
14
62
LT Borrowings
486
486
544
LT Finance Leases
14
10
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
665
669
669
Market Capitalization
14,600
12,601
24,058

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,361
1,317
1,365
Cash, Cash Equivalents & STI
671
616
649
Accounts Receivable, Net
249
226
237
Inventories
344
365
364
Total Current Liabilities
243
236
329
Payables & Accruals
- -
- -
- -
ST Debt
15
14
62
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.92%
-0.28%
Free Cash Flow
- -
18.52%
-751.77%
Net Income, GAAP
- -
53.15%
3.78%
Sales/Revenue/Turnover
- -
9.08%
18.27%
Total Cash Common Dividend
- -
43.84%
-36.21%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
249
293
302
264
1,109
2025
280
345
- -
306
1,311
2026
280
313
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.04
0.05
0.06
0.18
2025
0.03
0.06
- -
0.03
0.19
2026
0.02
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.29
0.02
0.33
2025
- -
0.2
- -
0.01
0.21
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jian Gang Chen
Full Time Employees
1,031
Sector
Electronic technology
Industry
Semiconductors
Address
Shanghai China
IPO Date
Feb 8, 2024
Website
waferworks.com.cn
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Business
Wafer Works (Shanghai) Co. Ltd. is a China-based semiconductor materials manufacturing company that specializes in the research, development, production, and sale of advanced silicon wafer products. Founded in 1994 and headquartered in Shanghai, China, the company operates as a key subsidiary of Taiwan-based Wafer Works Corporation. The company manufactures and supplies a comprehensive portfolio of silicon substrate products, including: 150mm (6-inch), 200mm (8-inch), and 300mm (12-inch) semiconductor epitaxial wafers across N-type and P-type configurations; heavily doped and lightly doped prime polished silicon wafers; single-crystal silicon ingots; and custom wafer manufacturing and processing services comprising monocrystalline ingot pulling, wire slicing, chemical mechanical polishing, high-precision epitaxial layer deposition, and cleanroom metrology inspection. Its silicon substrates serve as foundational materials for power discrete devices, metal-oxide-semiconductor field-effect transistors (MOSFETs), insulated-gate bipolar transistors (IGBTs), superjunction devices, analog integrated circuits, power management ICs (PMICs), and microcontrollers. The company serves semiconductor foundries, integrated device manufacturers (IDMs), and packaging entities across domestic and international markets, including Greater China, the Asia-Pacific region, Europe, and North America, supporting end-use applications in automotive electronics, industrial automation, green energy infrastructure, telecommunications, and consumer devices. In recent developments, Wafer Works (Shanghai) Co. Ltd. completed its initial public offering on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market) under ticker 688584 in February 2024 to fund capital expenditure and R&D initiatives. The company has subsequently advanced the commercialization and volume production of its 300mm (12-inch) automotive-grade and low-defect epitaxial wafers, expanded manufacturing infrastructure across its facilities in Shanghai, Zhengzhou, and Yangzhou, and deepened strategic supply partnerships with tier-one semiconductor fabricators to address growing demand for high-reliability automotive and industrial power semiconductors.