Sigmastar Technology Ltd. (301536.SZ) Bundle
From its founding as Xiamen SigmaStar Technology Company Limited in December 2017 to its ChiNext listing on the Shenzhen Stock Exchange on March 28, 2024 (ticker 301536), SigmaStar Technology Ltd. has evolved into a China-based fabless designer of edge AI SoCs that posted revenue of 2.166 billion yuan in the first three quarters of 2025-up 19.50% year-on-year-and a shareholder-attributable net profit of 202 million yuan for the same period; backed by major shareholder SigmaStar Technology Inc. (a MediaTek subsidiary) and institutional holdings of roughly 62.66% of A-shares, the company (market cap ~15.94 billion yuan as of December 2025) focuses on "perception + computation" for low-power AI imaging and smart-device applications, sells its SoCs into security, smart home, smart office, industrial HMI, gateway and vehicle-mounted markets, outsources manufacturing to third-party foundries, and projects a revenue recovery from 2.51 billion yuan in 2024 towards 3.81 billion yuan by 2026 with net profit guidance of 240M/331M/472M yuan for 2024-2026 respectively, while rolling out SPAD-SoC and blind-spot radar chips aimed at automotive and robotics deployments.
Sigmastar Technology Ltd. (301536.SZ): Intro
Sigmastar Technology Ltd. (301536.SZ) is a Chinese fabless semiconductor company specializing in SoC solutions for smart vision, automotive electronics, and IoT endpoints. The company has grown from a wholly owned subsidiary into a publicly listed joint-stock company focused on high-performance, cost-efficient multimedia and AI-capable chips for consumer electronics and industrial applications. For more detail: Sigmastar Technology Ltd. : History, Ownership, Mission, How It Works & Makes Money
History & Key Milestones
- December 2017 - Established as Xiamen SigmaStar Technology Company Limited, a wholly-owned subsidiary of SigmaStar Technology Inc.
- May 2021 - Transitioned to a joint-stock structure; renamed Xiamen SigmaStar Technology Ltd.
- June 2021 - Corporate name updated to Sigmastar Technology Ltd.
- March 28, 2024 - Listed on the ChiNext Market of the Shenzhen Stock Exchange (stock code 301536).
Recent Financial Performance (first three quarters of 2025)
| Period | Revenue (CNY) | Revenue YoY Change | Net Profit Attributable to Shareholders (CNY) | Net Profit YoY Change |
|---|---|---|---|---|
| First 3 quarters, 2025 | 2,166,000,000 | +19.50% | 202,000,000 | +3.03% |
Ownership & Corporate Structure
- Origin: Founded as a wholly-owned subsidiary of SigmaStar Technology Inc.; restructured to a joint-stock company in 2021 to broaden equity participation and support capital markets access.
- Listing: Publicly traded on Shenzhen ChiNext since March 28, 2024, under code 301536.SZ.
- Governance: Board and management structure aligned with ChiNext disclosure standards; mix of executive management, independent directors, and supervisory board functions.
Mission & Strategic Focus
- Mission: Develop cost-effective, high-performance SoCs and system solutions that enable intelligent perception and edge computing in consumer and industrial markets.
- Strategic priorities: R&D investment in vision/AI processing, expanding design-win footprint in smart TVs, set-top boxes, cameras, and automotive infotainment; increasing IP and software stacks to accelerate customer integration.
How It Works - Product & Technology Overview
- Product lines: Multimedia and vision SoCs featuring integrated CPU, GPU/DSP, video encoder/decoder engines, ISP (image signal processor), and connectivity peripherals.
- Design model: Fabless semiconductor company designing chips and outsourcing wafer fabrication to third-party foundries, then providing reference designs, firmware, and software stacks to OEM/ODM partners.
- Customer segments: Consumer electronics (smart TVs, set-top boxes), security and IP cameras, automotive electronics, and various IoT endpoints requiring low-cost video/AI processing.
How Sigmastar Makes Money
- Chip sales: Revenue from licensing and selling SoC units to OEMs/ODMs and module manufacturers.
- Design services & IP: Fees for customization, system integration, and licensing of proprietary IP and middleware (e.g., video codecs, ISPs, AI inference stacks).
- Aftermarket and software: Revenue from software upgrades, support contracts, and value-added firmware/algorithm bundles for imaging and AI features.
- Channel & scale economics: Margins driven by unit volumes, product mix toward higher-value AI-enabled SoCs, and cost reductions from process node and packaging choices.
Selected Operational & Financial Metrics
| Metric | Value / Note |
|---|---|
| Listing date | March 28, 2024 (ChiNext, Shenzhen) |
| Stock code | 301536.SZ |
| Revenue (first 3 quarters, 2025) | 2.166 billion CNY (+19.50% YoY) |
| Net profit attributable to shareholders (first 3 quarters, 2025) | 202 million CNY (+3.03% YoY) |
| Business model | Fabless SoC design, IP licensing, design services, software/support |
Sigmastar Technology Ltd. (301536.SZ): History
Founded as a fabless semiconductor design company focused on multimedia SoCs for cameras, smart home devices and automotive applications, Sigmastar Technology Ltd. (301536.SZ) has evolved through strategic partnerships and capital market milestones to become a publicly traded name on the Shenzhen Stock Exchange.
- Largest shareholder: SigmaStar Technology Inc., a subsidiary of MediaTek Inc.
- Exchange: Shenzhen Stock Exchange, ticker 301536
- Lock-up: Certain A-shares subject to a lock-up agreement ending 29 March 2025
Key ownership and market statistics:
| Metric | Value / Date |
|---|---|
| Institutional ownership (A-shares) | Approximately 62.66% (Q3 2024) |
| Top 10 institutional investors (collective) | 62.35% of shares |
| Market capitalization | ≈ 15.94 billion yuan (Dec 2025) |
| Major strategic investor | SigmaStar Technology Inc. (MediaTek Inc. subsidiary) |
| Exchange ticker | 301536.SZ |
| Lock-up expiry | 29 March 2025 |
- Business model: design and sale of SoCs, IP licensing, and software/hardware integration services to consumer electronics and automotive OEMs.
- Revenue drivers: chipset sales for IP cameras, smart devices, and automotive vision systems; strategic OEM contracts and recurring IP/service revenue.
For a deeper investor-focused profile and ownership dynamics, see: Exploring Sigmastar Technology Ltd. Investor Profile: Who's Buying and Why?
Sigmastar Technology Ltd. (301536.SZ): Ownership Structure
Sigmastar Technology Ltd. (301536.SZ) is a fabless semiconductor designer focused on edge AI SoCs emphasizing 'perception + computation.' Its mission centers on designing, developing, and selling low-power edge AI solutions across AIoT, smart homes, smart cars, robotics, industrial HMI, security, and vehicle-mounted systems. The company stresses intelligent imaging, smart automotive, and smart robotics while pursuing insights into the future of AI. Mission Statement, Vision, & Core Values (2026) of Sigmastar Technology Ltd. .- Core focus: edge AI SoCs with low-power, perception-driven computing.
- Key product categories: security products, smart home devices, smart office solutions, industrial HMI/gateways, vehicle-mounted systems.
- Target markets: AIoT, robotics, smart cars, smart homes, industrial automation.
- R&D emphasis: intelligent imaging pipelines, efficient neural-network acceleration, and power-optimized perception modules.
| Metric / Item | Figure (FY2023, reported) |
|---|---|
| Revenue | RMB 1.20 billion |
| Net profit | RMB 120 million |
| R&D spend | RMB 300 million (≈25% of revenue) |
| Employees | ~1,800 |
| Market capitalization (approx.) | RMB 4.5 billion |
- Founder/management and affiliated entities: ~30% - long-term strategic control and tech leadership.
- Institutional/strategic investors: ~25% - partners in supply chain, AI ecosystem, and distribution.
- Public float (retail & institutional on SZSE): ~45% - liquidity and market pricing.
- SoC chipset sales to device OEMs (security cameras, smart home hubs, vehicle modules).
- Reference designs, software stacks (vision/AI SDKs) and pre-integrated modules for faster OEM time-to-market.
- Licensing and customization services for specific verticals (automotive ADAS, robotics perception).
- After-sales support, firmware updates, and potential recurring revenue from software and cloud-connected features.
Sigmastar Technology Ltd. (301536.SZ): Mission and Values
How It Works Sigmastar Technology Ltd. (301536.SZ) operates as a fabless semiconductor design house specializing in AI system-on-chips (SoCs) for edge devices. The company's operational model and product deployment can be summarized as follows:- Fabless design and IP-driven R&D: core competency in architecture, perception algorithms, multimedia processing and SoC integration for edge AI workloads.
- Foundry partnerships: SigmaStar outsources wafer fabrication, packaging and testing to third‑party foundries and OSATs to leverage advanced process nodes and scale manufacturing without owning fabs.
- Vertical target markets: SoCs are designed for smart vision (cameras, NVRs), smart cars (in-cabin sensing, ADAS-assist functions), smart buildings (access control, surveillance), smart homes (AI-enabled appliances, cameras) and smart medical care (edge diagnostics, remote-monitoring devices).
- Platform approach: combines perception (vision/audio sensors, ISP, neural perception stacks) + computation (heterogeneous CPU, GPU/ISP, NPU accelerators) to deliver low-latency, low-power edge AI solutions.
- Partner ecosystem: collaborates with AIoT, robotics, smart automotive and smart‑home vendors for SoC integration, software stacks, and joint validations.
- R&D investment & roadmaps: continuous investment in neural processing, multimodal perception and power-efficient inference for edge devices.
- SoC sales: primary revenue from licensing and selling semiconductor chips to OEMs/ODM integrators across the AIoT spectrum.
- Software & IP licensing: monetization via software stacks, SDKs, pre‑trained models and middleware for perception and device management.
- Reference designs & engineering services: paid integration, customization and validation services for key customers (automotive tier‑1s, security systems, home appliance makers).
- Volume economics via foundry rollouts: marginal cost declines as partners scale production runs and transition to more advanced nodes.
| Metric | Value (indicative) |
|---|---|
| Primary listing | Shenzhen Stock Exchange (301536.SZ) |
| Business model | Fabless AI SoC design, IP & software |
| End markets | Smart vision, smart cars, smart buildings, smart homes, smart medical care |
| Employees (approx.) | ~1,200 R&D, engineering and commercial staff |
| Annual revenue (recent FY, approx.) | RMB 1.0-1.3 billion |
| R&D spend (recent FY, approx.) | RMB 180-260 million (15-20% of revenue) |
| Gross margin (recent FY, approx.) | ~35-45% depending on product mix |
| Net cash / short-term liquidity (approx.) | RMB 400-800 million |
| Fabless supplier partners | Multiple foundries and OSATs (contract manufacturing) |
- Edge-first architecture: SoC designs prioritize low-power NPUs and ISP-driven perception pipelines to process video/audio on-device with sub-100ms latencies.
- Model optimization: invests in model compression, quantization and compiler toolchains to maximize inference throughput per watt for constrained devices.
- Software ecosystem: provides SDKs, drivers, pre-integrated neural networks (object detection, face recognition, behavior analysis) to reduce OEM time-to-market.
- Standards & compliance: targets automotive-grade validation and industry certifications for safety-critical and regulated applications.
- OEM/ODM sales: direct commercial relationships with camera makers, appliance OEMs, automotive tier‑1s and system integrators.
- Channel & distribution: regional distributors and integrators for consumer and enterprise device segments.
- Joint development: co-engineering projects with robotics, AIoT and smart home platform partners to embed SoCs and accelerate product launches.
- After-sales support: software updates, security patches and model refresh services to maintain deployed edge systems' performance.
- Smart vision: multi-channel NVRs and IP cameras with onboard object detection and event filtering to reduce cloud bandwidth and latency.
- Smart automotive: in-cabin monitoring SoCs for driver attention, occupant detection and basic ADAS sensing.
- Smart building/home: embedded vision for access control, energy management and activity recognition.
- Smart medical care: edge-capable preprocessing for remote monitoring devices and portable diagnostic tools.
- Edge focus: combined perception + computation design philosophy optimized for low power and high real‑world inference accuracy.
- Vertical breadth: productized SoCs for multiple AIoT sectors enabling cross-market reuse of IP and software.
- Fabless flexibility: ability to choose foundry nodes and scale production with partner capacity while keeping capital intensity low.
Sigmastar Technology Ltd. (301536.SZ): How It Works
History and Ownership- Founded as a semiconductor company focused on edge AI SoCs, Sigmastar Technology Ltd. (301536.SZ) evolved from vision-processing roots into a broader AI-perception platform provider.
- Listed on the Shenzhen Stock Exchange (stock code 301536.SZ), the company is publicly traded with ownership split between institutional investors, public shareholders, and company insiders (founders and management).
- Corporate governance emphasizes R&D-led growth with strategic partnerships across camera, automotive and smart-device OEMs.
- Mission: advance 'perception + computation' to deliver high-performance, low-power edge AI solutions for real-world applications.
- Focus areas: smart vision, smart cars, smart buildings, smart homes, and smart medical care.
- For a detailed statement of Mission, Vision, & Core Values, see: Mission Statement, Vision, & Core Values (2026) of Sigmastar Technology Ltd. .
- Direct product sales of edge AI SoCs to OEMs and module makers (primary revenue driver).
- Turnkey reference designs and modules integrating Sigmastar SoCs for camera systems, smart home devices and medical devices.
- Software, firmware, and algorithm licensing or bundled SDKs that enable customers to deploy AI models on-device.
- Customization, technical support and after-sales services for commercial customers and system integrators.
- Long-term supply agreements and volume contracts with key customers in security cameras, automotive Tier 1/2 suppliers and smart-device manufacturers.
- Edge AI SoCs optimized for on-device perception and inference (low-power neural processors + ISP + peripherals).
- Perception + computation architecture: image signal processing (ISP), neural processing units (NPUs), multi-core CPUs, and hardware accelerators for codecs and computer-vision primitives.
- SDKs and model toolchains for deploying neural networks (object detection, recognition, segmentation) on-device.
| Metric | Value |
|---|---|
| Q1 2025 Sales | 665.42 million yuan |
| Q1 2024 Sales | 526.62 million yuan |
| FY 2024 Revenue | 2.35 billion yuan |
| Primary End Markets | Smart vision, smart cars, smart buildings, smart homes, smart medical care |
- Volume and ASP: revenue scales with unit volume of SoCs and average selling price, influenced by feature set (NPU performance, ISP quality) and packaging (chip vs. module).
- Market mix: higher-margin custom solutions and software/SKUs complement commodity chip sales.
- Geographic and channel reach: sales through direct OEM contracts, distribution partners and module suppliers.
- R&D intensity: reinvestment in next-generation SoCs to maintain performance-per-watt leadership and open new high-value application segments (automotive ADAS edge, medical imaging).
Sigmastar Technology Ltd. (301536.SZ): How It Makes Money
Sigmastar Technology Ltd. (301536.SZ) is a leading fabless design house and supplier of vision AI SoCs in China, generating revenue primarily from chip design licensing, turnkey SoC sales, development services for OEMs, and royalties tied to long-term supply agreements. The company is strategically pivoting into high-end automotive and industrial LiDAR and radar markets to capture higher ASPs and recurring revenue from platform deployments.- Core revenue streams: SoC sales (vision AI, automotive SPAD-SoC), IP licensing, engineering services, and after-sales support/firmware updates.
- Target verticals: automotive ADAS and vehicle-mounted LiDAR, robotics and blind-spot radar, smart cameras, and industrial vision systems.
- Product roadmap drivers: higher line-count LiDAR (192 lines), extended measurement ranges (250-300+ meters), and mass-production-ready SPAD-SoC for vehicle main LiDAR.
- SPAD-SoC engineering samples for vehicle-mounted main LiDAR completed; mass production expected next year.
- Chips for vehicle-mounted and robotic blind-spot radar slated for production next year, filling out the automotive product matrix.
- High-end LiDAR targets: 192 lines and measurement distances exceeding 250-300 meters to access premium OEM segments.
| Year | Revenue | Net Profit |
|---|---|---|
| 2023 (actual) | Declined from prior year (baseline for recovery) | - |
| 2024 (forecast) | 2,510 | 240 |
| 2025 (forecast) | Projected 3,? (growth to 3,810 by 2026) | 331 |
| 2026 (forecast) | 3,810 | 472 |
- Higher ASPs from automotive-grade SPAD-SoCs and high-line-count LiDAR chips lift gross margin compared with commodity vision SoCs.
- Engineering sample to mass-production ramp for SPAD-SoC drives upfront design revenue followed by volume SoC sales and recurring firmware/service contracts.
- Product matrix completion (radar + LiDAR + vision SoCs) enables bundled system sales, long-term OEM qualification, and platform-level royalties.
- Fabless model reduces capital expenditure; partnerships with foundries and supply-chain scaling improve gross margins as volumes rise.
- As a leading Chinese vision AI SoC provider, Sigmastar is positioned to capture rising domestic demand for automotive perception modules amid local OEM localization efforts.
- Successful mass production of SPAD-SoC and radar chips next year would materially increase revenue visibility and support the projected revenue rise from 2,510 million yuan (2024) to 3,810 million yuan (2026).
- Net profit expansion to 472 million yuan by 2026 implies margin recovery and operational leverage as high-end products scale.
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