Grand Kangxi Communication Technologies (Shanghai) Co., Ltd. Class A

Grand Kangxi Communication Technologies (Shanghai) Co., Ltd. Class A

SSSE:688653
12.16
CNY
+0.39
(+3.31%)
0.05EPS
367.17P/E
7.38BMarket Cap
Grand Kangxi Communication Technologies (Shanghai) Co., Ltd. Class A
SSE:688653
(Shanghai Stock Exchange)

Recent

price

12.16

P/E

ratio

367.17

div

yld

0.05%

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.07
0.19
1.11
1.16
1.13
1.23
1.63
1.77
Revenue per Share
-0.17
-0.13
0.04
0.06
0.03
-0.18
-0.1
0.05
Basic EPS, GAAP
-0.11
-0.32
-0.96
0.28
-0.04
-0.43
-0.13
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.01
0.01
Dividend per Share
0.33
0.52
2.73
2.79
3.8
3.56
3.37
3.46
Book Value per Share
0.33
0.51
2.73
2.79
3.8
3.56
3.36
3.43
Tangible Book Value per Share
424
424
309
361
366
424
419
420
Basic Weighted Avg Shares
29
81
342
420
415
523
683
745
Sales/Revenue/Turnover
-234.33
-70.72
4.95
1.57
1.34
-17.24
-8.15
1.54
Operating Margin (%)
2
3
8
16
15
17
17
- -
Depreciation Expense
-72
-55
14
20
10
-76
-44
20
Net Income, GAAP
- -
- -
- -
2.44
- -
- -
- -
22.01
Effective Tax Rate (%)
-251.09
-67.25
4
4.87
2.39
-14.56
-6.38
2.67
Profit Margin (%)
98
151
918
941
1,513
1,339
1,212
1,226
Working Capital
- -
- -
14
7
- -
13
53
35
LT Debt
119
186
984
1,006
1,615
1,510
1,432
1,467
Total Equity
- -
- -
- -
2.04
- -
- -
- -
1.36
Return on Invested Capital (%)
- -
- -
- -
2.12
- -
- -
- -
1.45
Return on Capital (%)
- -
-35.76
2.34
2.06
0.76
-4.87
-2.97
1.36
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
54
33
57
LT Borrowings
49
49
32
LT Finance Leases
5
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
424
424
424
Market Capitalization
5,157
5,217
7,377

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,397
1,318
1,364
Cash, Cash Equivalents & STI
698
673
753
Accounts Receivable, Net
201
222
202
Inventories
369
350
323
Total Current Liabilities
185
101
138
Payables & Accruals
- -
- -
- -
ST Debt
54
33
57
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
95.95%
-5.13%
Free Cash Flow
- -
206.33%
-70.9%
Net Income, GAAP
- -
-207.39%
-42.69%
Sales/Revenue/Turnover
- -
79.9%
30.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
82
142
153
145
523
2025
135
192
- -
157
683
2026
182
213
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
0.01
-0.04
-0.1
-0.18
2025
-0.07
0.01
- -
-0.03
-0.1
2026
0.01
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
Business
Grand Kangxi Communication Technologies (Shanghai) Co., Ltd. is a fabless semiconductor company specializing in the research, development, design, and sale of wireless radio frequency (RF) front-end integrated circuits and RF front-end modules (FEM). Founded in 2014 and headquartered in Shanghai, China, the company operates research, design, and sales facilities serving networking equipment manufacturers, original design manufacturers (ODMs), and telecommunications brands across domestic and international markets. Grand Kangxi Communication Technologies organizes its product portfolio into several core categories: Wi-Fi RF front-end modules, encompassing integrated high-power, medium-power, and energy-efficient FEM solutions compatible with Wi-Fi 5 (802.11ac), Wi-Fi 6/6E (802.11ax), and Wi-Fi 7 (802.11be) standards for deployment in consumer wireless routers, enterprise-grade access points, mesh networking systems, telecom gateways, and customer premises equipment (CPE); Internet of Things (IoT) FEMs and RF ICs, providing low-power front-end solutions supporting Bluetooth Low Energy, ZigBee, Thread, Matter, and NB-IoT protocols for smart home automation, smart meters, intelligent lighting, and wireless audio devices; Automotive and Vehicle-to-Everything (V2X) RF modules, delivering automotive-grade RF components and switches engineered for in-vehicle infotainment, telematics control units, and connected vehicle infrastructure; Discrete RF components and ICs, consisting of proprietary Gallium Arsenide (GaAs) and Complementary Metal-Oxide-Semiconductor (CMOS) based power amplifiers (PA), low-noise amplifiers (LNA), high-linearity RF switches, and diplexers; and Advanced wireless and satellite communications solutions, developing phased-array and millimeter-wave RF architectures. The company's products achieve reference design certifications with tier-one global Wi-Fi System-on-Chip (SoC) platform providers, including Qualcomm, Broadcom, MediaTek, and Realtek, and supply major networking and consumer electronics brands such as TP-Link, ZTE, and Xiaomi. In recent developments, the company completed its initial public offering on the Shanghai Stock Exchange STAR Market under the ticker 688653. It has significantly expanded commercial mass production of its Wi-Fi 7 FEM product lines across global SoC reference designs, making Wi-Fi 7 solutions a primary revenue driver. Grand Kangxi Communication Technologies also expanded into aerospace and satellite communication RF technologies through the strategic acquisition of a controlling stake in Chengdu Zhirong Technology Co., Ltd., and successfully resolved international patent disputes by securing a favorable non-infringement determination in a Section 337 investigation before the United States International Trade Commission, while advancing preliminary research for next-generation Wi-Fi 8 architectures.