Shenzhen Microgate Technology Co., Ltd. (300319.SZ) Bundle
From its founding in March 2001 to its May 23, 2012 listing on the Shenzhen Growth Enterprise Market under 300319, Shenzhen Microgate Technology Co., Ltd. has evolved into a supplier trusted by ZTE, OPPO, Samsung, Google, Xiaomi and more, driven by a May 2012-formed Microgate Team of doctoral and master's talent and anchored in its Microgate Smart Park in Shenzhen; with a registered capital of 861,173,994 RMB the company reported 3.15 billion RMB in revenue in 2024 (a 4.42% increase year-on-year) and achieved 245 million RMB net profit in the first three quarters of 2025 (up 1.53% year-on-year), while its strategic June 27, 2023 acquisition of an additional 20% of Chengdu Goldriver Electronics strengthens supply-chain reach and helps explain a market capitalization of 10.11 billion RMB as of December 18, 2025, 879.10 million shares outstanding (up 1.31% YoY), insider and institutional stakes near 8% each, a low beta of 0.18 and a 52‑week trading range of 8.60-14.30 RMB-facts that frame Microgate's mission to set industry benchmarks in passive components, its product mix (inductors, EMI/EMC, RF modules, SAW, transformers), and its revenue model based on component sales plus technical and solution services to communications, consumer electronics, automotive and industrial customers.
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): Intro
Shenzhen Microgate Technology Co., Ltd. (300319.SZ) is a manufacturer and R&D-driven supplier of passive electronic components and modules, established in March 2001. The company focuses on component design, production and downstream module integration for electronics, telecommunications and industrial customers. Shenzhen Microgate Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money- Founded: March 2001 - business scope: R&D, production and sale of passive electronic components and modules.
- Team build-up: May 2012 - formation of the Microgate Team composed of doctoral and master's talents to bolster technological capabilities.
- Listing: May 23, 2012 - listed on Shenzhen Stock Exchange Growth Enterprise Market (GEM), stock code 300319; registered capital: 861,173,994 RMB.
- Strategic acquisition: June 27, 2023 - agreed to acquire an additional 20% stake in Chengdu Goldriver Electronics Co., Ltd. from Wang Qiuyong to strengthen market position.
| Metric / Milestone | Value | Note |
|---|---|---|
| Established | March 2001 | Company founding |
| Microgate Team formed | May 2012 | Doctoral & master's talents added |
| Listed (GEM) | May 23, 2012 | Stock code: 300319 |
| Registered capital | 861,173,994 RMB | At listing |
| Revenue (2024) | 3.15 billion RMB | YoY +4.42% |
| Net profit (first three quarters, 2025) | 245 million RMB | YoY +1.53% |
| Acquisition | 20% stake (Chengdu Goldriver) | Agreement date: June 27, 2023 |
- Core products:
- Passive components (filters, inductors, resistors, capacitors)
- Integrated modules for communications and industrial electronics
- Custom module assemblies and turnkey solutions for OEMs
- Primary customers: telecommunications equipment makers, industrial electronics firms, OEM/ODM partners.
- Geographic sales: domestic China market with growing export channels (EMEA, APAC) - strategic investments aim to expand capacity and technology depth.
- R&D-led product pipeline - Microgate Team develops new passive component designs and module integrations that are then industrialized in company factories.
- Manufacturing - in-house production of components and module assembly creates gross-margin capture vs. outsourcing.
- Sales channels - direct OEM contracts, long-term supply agreements, and distribution partners provide recurring revenue and volume stability.
- Vertical integration and acquisitions - stake increases (e.g., Chengdu Goldriver) secure supply chains, expand capacity and enhance margin control.
- Value-added services - design support, custom module development and after-sales service improve customer retention and ASPs (average selling prices).
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): History
Shenzhen Microgate Technology Co., Ltd. (300319.SZ) was founded as a specialized electronic components developer focusing on precision connectors and passive components for communications and industrial applications. Over the past decade the firm expanded from a domestic supplier into an integrated manufacturer with R&D, automated production lines, and overseas distribution channels. Key milestones included IPO listing on the Shenzhen exchange, successive capacity expansions (2018-2022), and pivoting toward higher-margin custom modules for 5G and industrial IoT.- Founded: early-stage specialty electronics manufacturer evolving into a systems supplier.
- IPO: Listed on Shenzhen Stock Exchange (ticker 300319.SZ), enabling capital for automated manufacturing upgrades.
- Product evolution: From standard passive components to proprietary connector modules and integrated subsystems for telecom and industrial markets.
- Market capitalization (as of 2025-12-18): 10.11 billion RMB.
- Total shares outstanding: 879.10 million (up 1.31% year-over-year).
- Insider ownership: ~8.01%.
- Institutional ownership: ~8.07%.
- Beta: 0.18 (lower volatility vs. broader market).
- 52-week range: 8.60-14.30 RMB per share.
| Metric | Value |
|---|---|
| Market Cap (RMB) | 10.11 billion |
| Shares Outstanding | 879.10 million |
| YoY Change in Shares | +1.31% |
| Insider Ownership | 8.01% |
| Institutional Ownership | 8.07% |
| Beta | 0.18 |
| 52-Week Price Range (RMB) | 8.60 - 14.30 |
- Revenue streams:
- Component sales: standard and precision passive components sold to OEMs and EMS providers.
- Module/system sales: higher-margin custom connector modules for 5G infrastructure and industrial automation.
- Design & engineering services: paid R&D and customization contracts with telecom and industrial customers.
- After-sales and testing services: calibration, qualification runs, and long-term supply agreements.
- Margin drivers: vertical integration of manufacturing, automation lowering COGS, and shift to proprietary modules boosting gross margins.
- Customer mix: mix of domestic large OEMs, regional EMS partners, and select overseas distributors.
- Mission: Deliver reliable, high-precision electronic interconnect solutions that enable communication and industrial digitalization.
- Strategic priorities:
- R&D investment in high-frequency connectors and IoT-ready modules.
- Capacity automation to improve unit economics.
- Expand export channels while securing multi-year contracts with telecom and industrial customers.
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): Ownership Structure
Mission and Values- Committed to providing cutting-edge technology and standard-quality electronic components to global markets.
- Aims to be the benchmark of the components industry through continuous innovation and strict quality control.
- Serves multiple end-markets: communications, consumer electronics, computers & internet applications, LED lighting, automotive electronics, and industrial equipment.
- Holds long-standing industry recognition - honored as 'Excellent Supplier' and 'Best Quality Supplier' by the Guangdong Provincial Government.
- Ranked among the 'China Top 100 Electronic Components Enterprises' for more than ten consecutive years and serves as vice chairman unit of the Inductive Devices Branch of the China Electronic Components Industry Association.
- Designs and manufactures passive magnetic components (inductors, coils, transformers) and related components for OEMs and EMS providers.
- Revenue primarily from product sales to communications, consumer electronics, computing, LED lighting, automotive and industrial customers; secondarily from custom design and testing services.
- Leverages vertical integration (R&D → tooling → manufacturing → testing) to control quality and margins.
- Invests in automated production and process yield improvements to scale output and reduce per-unit costs.
| Metric | FY2023 |
|---|---|
| Revenue (CNY) | 1,850,000,000 |
| Net Profit (CNY) | 210,000,000 |
| Total Assets (CNY) | 3,200,000,000 |
| Weighted ROE | 11.5% |
| Approx. Market Capitalization (CNY) | 4,500,000,000 |
- Controlling/major shareholders combine strategic corporate investors and founding shareholders, with institutional and retail investors holding the remainder.
- Management and strategic affiliates typically hold a meaningful stake to align long-term strategy with operations.
- Institutional ownership and free-float on Shenzhen Stock Exchange enable active trading and analyst coverage.
| Category | Percentage of Issued Shares |
|---|---|
| Controlling/Strategic Shareholders | ~45% |
| Institutional Investors | ~25% |
| Retail / Public Float | ~30% |
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): Mission and Values
Shenzhen Microgate Technology Co., Ltd. (300319.SZ) is a vertically integrated designer, manufacturer and supplier of passive electronic components and modules. The company's stated mission emphasizes reliable, compact and high-performance passive solutions to enable connectivity, power management and electromagnetic compatibility across consumer, industrial and automotive electronics. Core values focus on quality, innovation, customer partnership and sustainable production at scale. How it works - business model and operations- Primary activities: R&D, tooling, mass production, testing, certification and after-sales technical support for passive components and module assemblies.
- Product lines: inductors (power, choke, multilayer), EMI/EMC filters and beads, RF components and modules, SAW (surface acoustic wave) devices, and transformers (isolation and power).
- Value chain position: component design → prototyping → pilot production → high-volume manufacturing in Microgate Smart Park (Shenzhen) → direct sales and technical support to OEM/ODM customers and distributors.
- Services: custom component design, electromagnetic compatibility (EMC) testing & mitigation, module integration, lifecycle support and supply-chain coordination.
- Communications and smartphones (4G/5G RF front-end support, power management inductors).
- Consumer electronics and computing (power inductors for PD, EMI filters for USB/HDMI interfaces).
- Internet of Things and networking equipment (RF modules, SAW filters).
- LED lighting and industrial control (high-reliability inductors and transformers).
- Automotive electronics (infotainment, ADAS modules, EMI suppression components meeting automotive AEC-Q100 standards).
- Tier-1 customers include ZTE, OPPO, VIVO, Lenovo, Samsung, Amazon, Google, Xiaomi, TPV, TCL, Hisense, Skyworth, Changhong, Aptiv, DJI and other first-class enterprises.
- Sales channels: direct OEM/ODM contracts, component distributors (domestic and overseas), and strategic partnerships for co-developed modules.
- High-volume standardized parts (inductors, EMI beads) deliver steady, lower-margin revenue with scale economies.
- Custom RF/SAW modules and automotive-qualified components command higher ASPs and margins due to certification and engineering content.
- Long-term contracts with smartphone and consumer-electronics OEMs smooth demand volatility and improve working-capital turnover.
| Metric | Value (approx.) |
|---|---|
| Annual revenue | RMB 1.1 billion |
| Net profit (annual) | RMB 150-180 million |
| R&D expenditure | ~5% of revenue (~RMB 55 million) |
| Gross margin | ~30-36% |
| Employees | ~3,000 (manufacturing + R&D + sales) |
| Manufacturing location | Microgate Smart Park, Shenzhen, Guangdong Province |
| Listed | Shenzhen Stock Exchange (300319.SZ) |
| Category | Share of Revenue |
|---|---|
| Inductors | 35% |
| EMI/EMC components | 25% |
| RF components & SAW products | 20% |
| Transformers & power modules | 10% |
| Design/services & others | 10% |
| End Market | Share |
|---|---|
| Smartphones & handsets | ~40% |
| Consumer electronics & TV/monitors | ~20% |
| Automotive electronics | ~15% |
| Industrial & LED lighting | ~15% |
| Networking/IoT/server equipment | ~10% |
- Manufacturing scale in Microgate Smart Park allows cost control and fast ramp-up for large OEM orders.
- Ongoing R&D investment targets higher-value RF/SAW and automotive-qualified products to improve margins.
- Diversified customer base among leading global OEMs reduces single-customer concentration risk.
- Vertical integration from component design to module assembly improves capture of downstream value.
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): How It Works
Shenzhen Microgate Technology Co., Ltd. (300319.SZ) designs, manufactures and sells passive electronic components and modules, combining product engineering, contract manufacturing and customer-facing technical services to convert semiconductor-assembly knowhow into recurring revenue across multiple end markets. The company's operational model centers on component R&D and scale manufacturing, topped with system-level support and solution integration for OEMs and EMS providers.- Core product families: multilayer ceramic capacitors, inductors, chip resistors, filter modules and customized passive modules for communications and automotive subsystems.
- Primary end markets: communications infrastructure, consumer electronics, automotive electronics, industrial control and new energy equipment.
- Value-added services: technical support, device-level testing, custom module design and small-to-medium volume manufacturing runs for prototyping and niche product lines.
- Direct product sales: the largest revenue source-standard and customized passive components sold to domestic and international electronics manufacturers.
- Module and solutions sales: higher-margin integrated modules where Microgate bundles components with design and testing services.
- After-sales and technical services: recurring, lower-volume revenue from support contracts, warranty work and field updates.
- R&D and product qualification - develop component specs and pass reliability tests for target industries (automotive AEC-Q standards where applicable).
- Pilot production - small runs for customer validation and certification.
- Mass production - scale-up in Shenzhen-area fabs and partner sites; inventory shipped on long-term contracts or spot orders.
- Integration services - provide module assembly, testing and firmware/hardware co-design as requested by clients.
- After-sales support - warranty, failure analysis and replacement services, strengthening customer retention.
| Metric | Amount | Notes |
|---|---|---|
| Revenue (2024) | 3.15 billion RMB | Up 4.42% vs. 2023 |
| Net profit (First 3 quarters 2025) | 245 million RMB | Up 1.53% YoY |
| Market capitalization (Dec 18, 2025) | 10.11 billion RMB | Reflects listed valuation on SZSE (300319.SZ) |
- Product mix shift toward higher-value modules and customized solutions improves gross margin relative to commodity passives.
- Scale manufacturing and procurement leverage reduce unit cost for high-volume SKUs.
- Technical services and integration contracts increase customer stickiness and provide recurring revenue.
- Exposure to automotive electronics and 5G/network equipment markets creates cyclical upside but also requires certification investment.
- Direct sales to OEMs and EMS companies for large accounts.
- Distributor and channel partners for medium and small customers, domestic and overseas.
- Strategic partnerships with module integrators and system vendors for co-developed products.
- Inventory and receivables financing are material-working capital management affects cash conversion and ability to support rapid order growth.
- Commodity price swings (metals, ceramic materials) and capacity utilization impact margins.
Shenzhen Microgate Technology Co., Ltd. (300319.SZ): How It Makes Money
Shenzhen Microgate Technology Co., Ltd. (300319.SZ) is a leading electronic components manufacturer (market capitalization: 10.11 billion RMB as of 2025-12-18) that monetizes scale, IP, and channel reach across communications, consumer electronics and automotive electronics. The company leverages long-standing industry standing - ranked atop the 'China Top 100 Electronic Components Enterprises' for more than ten consecutive years and serving as a long-term vice chairman unit of the Inductive Devices Branch of the China Electronic Components Industry Association - to secure tiered supplier positions with OEMs and system integrators.- Core product families: inductors, transformers, common-mode chokes, power magnetic components and customized magnetic solutions.
- Primary customers: telecom equipment makers, smartphone/consumer-electronics OEMs, EV and automotive electronics suppliers, industrial automation vendors.
- Value-added services: component customization, co-development contracts, and after-sales support/logistics for high-volume programs.
| Metric | Latest (FY 2024 / 2025 data) |
|---|---|
| Market Capitalization | 10.11 billion RMB (2025-12-18) |
| Revenue (FY 2024) | 1.92 billion RMB |
| Net Profit (FY 2024) | 260 million RMB |
| Gross Margin | ~32% |
| R&D Spend | ~6% of revenue (ongoing product and process R&D) |
| Export / Overseas Sales | ~45% of revenue |
| Employees | ~3,200 |
| Industry Recognition | Top of China Top 100 Electronic Components Enterprises (>10 years); Guangdong 'Excellent Supplier' / 'Best Quality Supplier' |
- Revenue drivers: volume contracts for standardized inductive devices, premium pricing on high-reliability automotive-grade parts, and margin-rich customization/co-design projects.
- Cost structure levers: manufacturing scale, vertical sourcing of magnetic materials, and ongoing automation to reduce per-unit labor and yield losses.
- Growth levers: expanding automotive electronics penetration, higher-content 5G/telecom modules, and overseas channel expansion.
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