Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600877.SS
STRONG SELLREMOVECETC Chips Technology Inc. · Technology · China · $2.5B · Avg Vol: $47M/d
CETC Chips Technology lacks a clear competitive moat in the highly fragmented domestic semiconductor market. It fails our Terry Smith quality test due to low capital efficiency and does not directly benefit from high-conviction themes like Advanced Packaging in a meaningful, high-margin way.
COMPANY DESCRIPTION
CETC Chips Technology focuses on the design, packaging, and testing of integrated circuits, silicon wafers, and specialized semiconductor chips. Backed by the state-owned China Electronics Technology Group (CETC), the company enjoys a secure domestic supply chain position and strong government alignment. It operates as a key niche player in China's domestic semiconductor localization drive, particularly in aerospace and defense applications.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 231M | 225M | 154M | 151M | -13.2% |
| EPS | 0.03 | 0.03 | 0.01 | 0.01 | -40.5% |
| Shares | 1.2B | 1.2B | 1.2B | 1.2B | -0.0% |
| Debt | 25M | 7M | 540,320 | 78,460 | -85.3% |
| Equity | 319M | 354M | 364M | 370M | 5.1% |
| Op CF | 12M | 32M | -8M | 11M | -3.5% |
| Inv CF | -79M | 52M | -9M | -11M | — |
| Fin CF | -2M | -6M | -7M | -990,036 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 600877.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600877.SS | CETC Chips Technology Inc.(you) | $2.5B | 9 | STRONG SELL |
| 300077.SZ | Nsing Technologies Inc. | $2.3B | 10 | STRONG SELL |
| 688153.SS | Vanchip (Tianjin) Technology Co., Ltd. | $1.9B | 13 | STRONG SELL |
| 2676.HK | Suzhou Novosense Microelectronics Co., Ltd. | $4.3B | 10 | STRONG SELL |
| 688691.SS | Brite Semiconductor (Shanghai) Co., Ltd. | $1.9B | 15 | STRONG SELL |
| 301095.SZ | Semitronix Corporation | $2.8B | 20 | SELL |
| 6451.TW | ShunSin Technology Holdings Limited | $1.9B | 18 | STRONG SELL |
| 3310.HK | VIEWTRIX TECH | $1.8B | 1 | STRONG SELL |
| 600171.SS | Shanghai Belling Co., Ltd. | $3.0B | 21 | SELL |
| 688728.SS | GalaxyCore Inc. | $5.6B | 9 | STRONG SELL |
Peer medians: ROE 3.9% · P/E 77.2x · Gross margin 25.9%