Macmic Science & Technology Co. Ltd. Class A

Macmic Science & Technology Co. Ltd. Class A

SSSE:688711
23.21
CNY
+1.21
(+5.50%)
0.04EPS
543.46P/E
9.69BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.03
1
1.02
1.46
1.61
1.99
1.87
2.19
3.11
4.36
7.08
6.44
6.3
7.05
Basic EPS, GAAP
0.18
0.07
0.03
0.09
0.11
0.06
0.08
0.18
0.39
0.37
0.55
-0.07
0.08
0.08
Free Cash Flow per Basic Share
-0.01
0.08
0.06
- -
-0.01
-0.09
-0.08
-0.21
-0.69
-1
-1.66
0.03
0.34
- -
Dividend per Share
0.03
0.04
0.01
0.01
0.02
0.02
0.16
0.02
0.01
0.16
0.09
0.12
0.06
0.04
Book Value per Share
0.7
0.77
0.8
0.88
1.05
1.13
1.07
1.45
4.13
4.55
5.38
5.05
5.09
5.14
Tangible Book Value per Share
0.69
0.76
0.79
0.81
0.98
1.12
1.06
1.4
4.08
4.49
5.2
4.92
4.95
4.75
Basic Weighted Avg Shares
129
133
128
132
127
132
139
151
177
212
213
207
214
211
Sales/Revenue/Turnover
133
133
131
192
206
262
260
332
551
926
1,505
1,331
1,348
1,485
Operating Margin (%)
8.69
7.19
1.99
5.38
6.51
8.5
6.97
10.09
13.69
9.14
9.96
2.58
4.12
2.01
Depreciation Expense
5
7
8
9
10
9
11
11
13
23
38
62
90
- -
Net Income, GAAP
23
10
4
12
14
8
11
27
69
79
116
-14
17
18
Effective Tax Rate (%)
12.97
5.61
- -
8.3
10.55
22.2
0.67
7.81
5.62
- -
0.68
- -
- -
- -
Profit Margin (%)
17.03
7.4
3.17
6.03
6.61
2.87
4.32
8.03
12.5
8.5
7.72
-1.09
1.27
1.19
Working Capital
76
77
80
87
102
113
94
131
652
513
503
365
437
513
LT Debt
- -
- -
- -
- -
- -
- -
- -
1
98
136
433
448
462
500
Total Equity
97
107
111
127
151
167
156
232
877
966
1,143
1,078
1,093
1,156
Return on Invested Capital (%)
6.6
4.52
- -
4.9
5.58
2.93
4.99
10.27
10.57
- -
7.07
- -
- -
- -
Return on Capital (%)
19.75
7.36
- -
8.07
8.52
5.51
6.93
11.09
11.03
- -
8.53
- -
- -
- -
Return on Common Equity (%)
26.58
9.7
3.82
9.93
10.11
4.87
7.07
13.83
12.43
8.55
11.01
-1.3
1.58
1.63

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
496
466
516
LT Borrowings
444
464
479
LT Finance Leases
18
22
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
213
213
213
Market Capitalization
6,761
5,545
9,687

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,489
1,451
1,661
Cash, Cash Equivalents & STI
263
328
510
Accounts Receivable, Net
501
413
536
Inventories
396
387
358
Total Current Liabilities
1,052
1,006
1,148
Payables & Accruals
- -
- -
- -
ST Debt
496
466
516
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.78%
60.29%
1.41%
Free Cash Flow
-174.14%
280.45%
1,070.1%
Net Income, GAAP
22.73%
-22.08%
-218.3%
Sales/Revenue/Turnover
29.4%
37.28%
1.23%
Total Cash Common Dividend
282.45%
394.92%
-51.25%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
246
390
343
352
1,331
2025
297
383
- -
365
1,348
2026
309
429
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.02
0.01
-0.09
-0.07
2025
0.01
0.01
- -
0.06
0.08
2026
- -
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.09
0.02
0.01
0.12
2025
0.01
0.01
- -
0.01
0.06
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Shan Qi Zhao
Full Time Employees
1,175
Sector
Electronic technology
Industry
Semiconductors
Address
No.5, Xinzhu Road Changzhou JS China 213002
IPO Date
Sep 1, 2021
Business
Macmic Science & Technology Co., Ltd. Macmic Science & Technology Co., Ltd. (688711.SS) engages in the research, development, design, manufacture, and sale of power semiconductor devices, including insulated gate bipolar transistor (IGBT) chips, modules, and discrete devices such as M1i NPT, M2i Trench-FS, M4i MPT, M5i MPT, M6i, and M7i series; fast recovery epitaxial diode (FRED, also referred to as FRD) chips, discrete products, and modules including M1d, M2d, M3d FC, M4d FT, M5d FT, M6d FH, and M7d FT series; metal-oxide-semiconductor field-effect transistor (MOSFET) modules and discretes; silicon carbide (SiC) SBD and MOS chips; thyristor modules; rectifier diode modules and three-phase rectifier bridges; and standard and customer-specific power modules (CSPM). The company serves applications in industrial control including frequency converters, welding machines, uninterruptible power supplies (UPS), and inverters; electric vehicles via automotive-grade high-efficiency power modules; new energy power generation such as photovoltaic and wind inverters; household appliances; energy storage; motor drives; switched-mode power supplies (SMPS); induction heating; solar and wind-power inverters; medical equipment; and emerging areas like controlled nuclear fusion power supplies, with products featuring low Vce(sat), low switching loss, high power density, double-side cooling (IcyPack series), and anti-sulfurization processes. Founded in 2006 and headquartered at No. 18 Huashan Road, Xinbei District, Changzhou, Jiangsu Province, China, Macmic Science & Technology Co., Ltd. operates primarily in China with a global marketing network, over 1,000 employees including more than 200 in R&D, and more than 130 patents; it listed on the Shanghai Stock Exchange STAR Market in September 2021. Recent developments include the release of its first SiC SBD chips in January 2023 and SiC MOS chips in September 2023, alongside the establishment of the first SiC module production line in October 2023; expansion with Xinzhu Plant Fab 3 entering production and the first automated PV module line in June 2023; formation of subsidiaries Core Energy in May 2023 and Shanghai MacMic Ai Semiconductor in November 2024; Core Energy's production of its 1 millionth automotive-grade double-sided cooling plastic-packaged module in December 2024; laboratory expansion and "Jiangsu Province Intelligent Demonstration Workshop" award in 2024; release of M7i 650V/1200V and M6i/M7d 1700V chip series in September 2024; acquisition of a GaN device patent in early 2025; and participation in major 2025 exhibitions such as Electronica China, SNEC, and PCIM Europe to showcase advancements like GWQ IGBT, hybrid SiC, and 1700V GWB modules.