Company at a glance
Scale
Revenue up 66% since FY2023
Growth prospects
Expanding customer base and product roadmap
via file.finance.sina.com.cn ↗No. 2 globally by volume with about 23% share in 2024, per the 2024 annual reportvia file.finance.qq.com ↗50-megapixel image sensors entered mass production in 2024, following the volume production of 32MP products built on a single-chip high-pixel CIS ar…China competition
Competes with OmniVision, SmartSens, Gpixel in Image sensors — peers listed at sector level.
Near leadGlobal comparables
Global reference set: Sony Semiconductor, Samsung, onsemi.
SonyTechnical gap
Sector rated near lead vs the frontier.
Obstacles
Sector bottleneck applies
High-end automotive, low-light performance, global customer concentration, and process integration.Official filings: dataclouds.cninfo.com.cn ↗ · www1.hkexnews.hk ↗ · 2024 annual report (Chinese, PDF) ↗ · 2024 results announcement with 50MP mass-production disclosure ↗
All sourced facts (6)
- Founded: 2003, Shanghai via gophotonics.com ↗
- Listing: Shanghai STAR Market, 688728.SS, listed 2021-08-18 via red-chip restructuring via laoyaoba.com ↗
- Mobile CIS shipment rank: No. 2 globally by volume with about 23% share in 2024, per the 2024 annual report via file.finance.sina.com.cn ↗
- 50MP product milestone: 50-megapixel image sensors entered mass production in 2024, following the volume production of 32MP products built on a single-chip high-pixel CIS architecture using FPPI technology via file.finance.qq.com ↗
- Fab-lite transition: The 12-inch CIS specialty-process line in Lingang, Shanghai (structure topped out August 2021) lets GalaxyCore shift some BSI sensor wafers from purchased supply to in-house production via shlingang.com ↗
- Recognition: Ranked among China's top-10 IC design companies and designated a national 'Manufacturing Individual Champion' for CMOS image sensors via en.gcoreinc.com ↗
About
Designs and sells CMOS image sensors and display driver ICs; historically fabless with outsourced wafer production, now shifting to a fab-lite model in which its 12-inch Lingang specialty line self-supplies BSI image-sensor wafers for a growing share of output.
Founded 2003
Why it matters
GalaxyCore is one of the few Chinese suppliers with double-digit global volume share in mobile CIS, a market otherwise led by Sony, Samsung and OmniVision. Its 32MP/50MP single-chip high-pixel architecture and self-built 12-inch BSI capacity mark the domestic industry's push from low-end FF sensors into mid- and high-end smartphone cameras.
Where it sits in the stack
Key semiconductor products
- CMOS image sensors for smartphones·low-to-mid pixel and 32MP/50MP high-pixel lines
- Display driver ICs·LCD/OLED
- Automotive and other non-mobile CIS applications
Financials
688728.SS · Shanghai STAR Market 688728.SS · via Yahoo Finance ↗
Financial trajectory via annual filings via Yahoo Finance
RMB billionsMarket data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.
Ecosystem
Global peer set
- Sony
- Samsung (System LSI)
- OmniVision / Will Semiconductor
- STMicroelectronics (automotive CIS)
Competitive position
- Second-largest supplier worldwide by mobile-phone CIS shipment volume in 2024 with roughly 23% share, behind Sony's roughly 45% revenue share of the broader CIS market
- Chinese volume leader in CIS, competing with OmniVision (Will Semiconductor) domestically
- Moving up the stack from entry-level FFI sensors to 50MP single-chip architectures as its own 12-inch BSI capacity ramps
- Not assessable from URL-only signals; product tier and technology node not confirmed.
- Not assessable; manufacturing model and foundry dependencies unconfirmed.
- Global comparables: Sony
- Global comparables: Samsung (System LSI)
- Global comparables: OmniVision / Will Semiconductor
Milestones and signals
- 2003—GalaxyCore was founded.
- 2021—Shanghai STAR Market, 688728.SS, listed 2021-08-18 via red-chip restructuring
- 2024—Mobile CIS Volume Share: n/a About 23% (No. 2 globally)
- 2026-10-04—Market cap: RMB 36.3B
- FY2025—Revenue: RMB 7.8B
- FY2025—Net Profit: RMB 50.5M
What to watch
- Yield and cost curve of the Lingang 12-inch BSI line as self-supply share rises
- Share gains for 50MP products in mainstream Android models and entry into automotive CIS
- Margin recovery: FY2025 net income was only CNY 50.5 million on CNY 7.78 billion revenue
Questions
Last reviewed 2026-07-11Answered questions
What is the measurable gap versus global reference companies?
Against Sony, Samsung (System LSI), OmniVision / Will Semiconductor, and STMicroelectronics (automotive CIS): Not assessable from URL-only signals; product tier and technology node still unclear.
Open questions
- Which products are qualified beyond pilots in fabless?
- Which customers, fabs, or end markets show real adoption rather than policy interest?