3PEAK

688536.SS3peakic.com.cnReviewed 2026-08-30

Suzhou-based analog chip designer founded April 23, 2012 with US venture backing and listed on the STAR Market in September 2020. Core products are signal-chain analog ICs (amplifiers, data converters, interface, isolation) and power management ICs, with over 3,000 product types. FY2024 brought a net loss of RMB 197mm; FY2025 revenue rebounded 75.65% to RMB 2.142bn with net profit of RMB 173mm.

Scale

~$298Mrevenue FY2025 · CNY 2.1B
~$6.3Bmarket cap · 2026-10-04

Gap vs frontier

Substitutesector position

Sector-level position; no priceable accelerator silicon to compare chip-by-chip.

3PEAK: substitute tier in Analog / power management, ~$298M FY2025 revenue.

The chip stackEach layer depends on the layers below it
1 · ChipsWhat the stack produces
2 · Design toolsSoftware and IP to design them
3 · ManufacturingPlants that turn designs into silicon
4 · EquipmentMachines inside the plants
5 · MaterialsWhat the plants consume

Company at a glance

Scale

Revenue up 96% since FY2023

Growth prospects

Expanding customer base and product roadmap

via jjckb.xinhuanet.com ↗FY2025 revenue RMB 2.142bn, up 75.65%, with net profit of RMB 173mm, returning to profit on growth in optical modules, industrial and automotive mark…

China competition

Competes with SG Micro, Novosense, Silergy, Maxscend in Analog / power — peers listed at sector level.

Substitute

Global comparables

Global reference set: Texas Instruments, Analog Devices, Infineon.

Texas Instruments (broad analog)

Technical gap

Sector rated substitute vs the frontier.

Obstacles

Sector bottleneck applies

Reliability, mixed-signal design depth, long qualification cycles, and high-end customer trust.

Official filings: 3PEAK FY2024 annual report (CNINFO PDF) ↗ · 3PEAK FY2025 annual report (Sina Finance) ↗

All sourced facts (5)
  • Founding: Founded April 23, 2012 in Suzhou with US Silicon Valley venture funding; no controlling shareholder or actual controller via baike.baidu.com ↗
  • Listing: Listed on the STAR Market in September 2020, ticker 688536 via baike.baidu.com ↗
  • Product scope: Signal chain analog chips (amplifiers, comparators, data converters, interface, isolation) and power management analog chips; over 3,000 product types spanning signal chain, power and mixed-signal front ends via static.cninfo.com.cn ↗
  • Chuangxin Micro acquisition: Disclosure May 27, 2023; SSE merger committee approval August 23, 2024; CSRC registration September 2024; completed October 2024: 100% of Shenzhen Chuangxin Micro acquired via directed convertible bonds plus cash, the first such STAR Market deal; 2024-2026 cumulative profit commitment of at least RMB 220mm via dehenglaw.com ↗
  • FY2025 turnaround: FY2025 revenue RMB 2.142bn, up 75.65%, with net profit of RMB 173mm, returning to profit on growth in optical modules, industrial and automotive markets via jjckb.xinhuanet.com ↗

About

Fabless design and sale of high-performance signal chain and power management analog ICs, extended in October 2024 through the convertible-bond-and-cash acquisition of battery-management designer Chuangxin Micro (创芯微).

Why it matters

3PEAK is one of the main Chinese challengers to Texas Instruments and Analog Devices in analog signal chain, with 2025 growth led by optical modules, industrial and automotive demand.

Where it sits in the stack

Key semiconductor products

  • Signal chain analog ICsamplifiers, comparators, ADCs/DACs, interface and isolation
  • Power management analog ICs
  • Battery management ICs·via Chuangxin Micro, consolidated from November 2024·2024

Financials

688536.SS · Shanghai Stock Exchange STAR Market 688536.SS · via Yahoo Finance ↗

Financial trajectory via annual filings via Yahoo Finance

RMB billions
RMB 1.09BRMB -0.03B
2023
RMB 1.22BRMB -0.2B
2024
RMB 2.14BRMB 0.17B
2025

Market data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.

Ecosystem

Partners

  • DigiKey

Global peer set

  • Texas Instruments (broad analog)
  • Analog Devices (precision signal chain)
  • SG Micro (圣邦股份) among domestic peers

Competitive position

  • Leading domestic analog signal chain designer positioned against TI and ADI portfolios
  • Signal chain products drove the 2025 rebound, with H1 2025 signal chain revenue of RMB 643mm, up 53.66%, about 68% of sales
  • Chuangxin Micro adds battery management and consumer analog breadth
  • Global distribution secured via DigiKey (2024); bottleneck is converting channel access into named design-ins.
  • Global comparables: Texas Instruments (broad analog)
  • Global comparables: Analog Devices (precision signal chain)
  • Global comparables: SG Micro (圣邦股份) among domestic peers
  • No confirmed sanctions or export-control listing found in provided BIS and Consolidated Screening List searches: No restriction evidenced; searches returned only result pages, not a specific listing.

Milestones and signals

  • 2020—Listed on the STAR Market in September 2020, ticker 688536
  • 2024-2026—Chuangxin Micro Cumulative Profit Commitment 2024-2026: CNY 不低于2.2亿
  • 2026-10-04—Market cap: RMB 45.2B
  • FY2025—Revenue: RMB 2.1B
  • FY2025—Net Profit: RMB 173M

What to watch

  • Sustaining margins after FY2024's RMB 197mm net loss
  • Chuangxin Micro meeting its RMB 220mm cumulative 2024-2026 profit commitment
  • Optical-module and automotive analog design win momentum into 2026

Questions

Last reviewed 2026-07-11

Answered questions

What is the measurable gap versus global reference companies?

Leading domestic analog signal chain designer positioned against TI and ADI portfolios.

Open questions

  • Which products are qualified beyond pilots in fabless?
  • Which customers, fabs, or end markets show real adoption rather than policy interest?