Company Profile · Technology

TongFu Microelectronics Co Ltd

002156 · Shenzhen
Industry
AI Advanced Packaging
Exchange
Shenzhen
Country
China
IPO date
Aug 16, 2007
Employees
25,446
Website
www.tfme.com
Current Price
¥68.27
Live · Jun 18, 2026
Fair Buy
≤ ¥36
Margin-of-safety entry
Baillie Growth Score
40/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥68.27 Live · Between the fair and optimistic ranges

Composite valuation range · conservative ¥28–¥36 / fair ¥42–¥55 / optimistic ¥70–¥90. At ¥68.27, Between the fair and optimistic ranges.

At publication ¥60.1 (Jun 11, 2026)

Research on this stock
Tongfu Microelectronics Co., Ltd.
002156 · Shenzhen
Watch
In-Depth Research on Tongfu Microelectronics

A major mainland China OSAT provider, Tongfu is deeply tied to AMD through its Suzhou and Penang joint-venture plants, accounting for more than 80% of AMD's related products. Revenue reached RMB 27.921 billion in 2025 and net profit attributable to shareholders reached a record RMB 1.219 billion, but recurring net profit was only RMB 841 million and recurring PE is above 110x. Research rating Watch: AMD-linked demand is materializing quickly, but recurring earnings and the margin of safety have not caught up with the share price, leaving the ideal buy range at RMB 28 to 36.

AI Advanced Packaging Baillie 40 Jun 11, 2026
About the company

Tongfu Microelectronics Co.,Ltd provides integrated circuit (IC) encapsulation test services in China and internationally. The company offers wafer probe, strip testing, final testing, and system level testing semiconductor testing services; test platform and engineering services for analog and mixed signal, automotive, radio frequency, high-performance calculated devices, baseband, memory devices, LCD driver devices, SiP devices, and power module devices; and specific application integrated circuits that includes CPU, GPU, gaming console and high performance networking products. It serves communication, mobile terminals, household appliances, AI, auto electronics, and other sectors. The company was formerly known as Nantong Fujitsu Microelectronics Co., Ltd. and changed its name to Tongfu Microelectronics Co.,Ltd in December 2016. Tongfu Microelectronics Co.,Ltd was founded in 1994 and is headquartered in Nantong, China.

Financial snapshot
Market capCN¥103.61B
Revenue (TTM)CN¥29.31B
EBITDACN¥5.35B
Profit margin4.94%
ROE9.67%
P/E (TTM)71.86
Forward P/E30.21
PEG0
EPSCN¥0.95
Dividend yield0.12%
52-week rangeCN¥23.25 – CN¥78.47

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.