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SG Micro圣邦股份

300661Reviewed 2026-08-30

SG Micro is a fabless semiconductor company that designs and sells high-performance analog integrated circuits — spanning power management, signal chain, and interface products — to electronics OEMs and manufacturers. Revenue is generated from IC product sales, while wafer fabrication, packaging, and test are outsourced to foundry and OSAT partners.

Scale

~$542.3Mrevenue FY2025 · CNY 3.9B
~$10.5Bmarket cap · 2026-10-04

Gap vs frontier

Substitutesector position

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

SG Micro: substitute tier in Analog / power management, ~$542.3M FY2025 revenue.

The chip stackEach layer depends on the layers below it
1 · ChipsWhat the stack produces
Analog / power · Substitute
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 49% since FY2023

Growth prospects

Revenue trajectory FY2023–2025

China competition

Competes with 3PEAK, Novosense, Silergy, Maxscend in Analog / power — peers listed at sector level.

Substitute

Global comparables

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

Global reference companies: Texas Instruments, Analog Devices.

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.
All sourced facts (1)
  • Listing status: Shenzhen Stock Exchange · 300661 · A-share (ChiNext)

Why it matters

SG Micro (圣邦股份) is one of China's leading fabless analog chip designers and a clear proxy for Beijing's drive to substitute the domestic analog catalog long owned by Texas Instruments and Analog Devices. Its edge is portfolio breadth across power management, signal-chain, and interface parts, and the test ahead is design-win depth — whether those components convert into sustained volume at automotive, industrial, and consumer OEMs and lift gross margin, rather than filling a long-tail replacement tail. Confirmation would show up as rising automotive and industrial revenue mix, disclosed customer concentration, and margin resilience through the global analog cycle.

Where it sits in the stack

Compute

Analog / power management

Substitute

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

AI trainingAI inferenceRoboticsEV / auto

Key semiconductor products

  • Power management ICs
  • Signal chain ICs
  • Interface and other analog ICs

Financials

300661.SZ · Shenzhen ChiNext 300661.SZ · via Yahoo Finance ↗

Financial trajectory via annual filings via Yahoo Finance

RMB billions
RMB 2.62BRMB 0.28B
2023
RMB 3.35BRMB 0.5B
2024
RMB 3.9BRMB 0.55B
2025

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

Ecosystem

Global peer set

  • Global reference companies: Texas Instruments, Analog Devices

Competitive position

  • China position: Substitute.
  • Among China's leading domestic analog designers, positioned as a substitute for global analog leaders.
  • Adoption bottleneck is design-win depth at high-value sockets (automotive, industrial) plus access to foundry capacity for analog specialty processes.
  • Global comparables: Global reference companies: Texas Instruments, Analog Devices.

Milestones and signals

  • 2026-10-04—Market cap: RMB 75.6B
  • FY2025—Revenue: RMB 3.9B
  • FY2025—Net Profit: RMB 547M
  • Listing—Shenzhen Stock Exchange · 300661 · A-share (ChiNext)

What to watch

  • New product releases with disclosed specifications.
  • Customer qualification, design-win, or volume-use signals.
  • Revenue, capacity, shipment, market-share, or valuation updates.
  • Export-control, supply-chain, or tooling constraints.

Questions

Last reviewed 2026-07-11

Answered questions

What is the measurable gap versus global reference companies?

Against Texas Instruments, Analog Devices, and Texas Instruments, Analog Devices: Among China's leading domestic analog designers, positioned as a substitute for global analog leaders.

Open questions

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