StarPower

StarPower Semiconductor was founded in Jiaxing, Zhejiang in 2005 and listed on the Shanghai Stock Exchange in February 2020. The company designs, develops and manufactures power semiconductor chips and modules built mainly around IGBT. It has subsidiaries in Shanghai, Chongqing, Zhejiang and Europe, plus R&D centres in Germany and Switzerland. Per Omdia's 2023 report, it ranks fifth worldwide in IGBT modules. The product line has expanded from IGBT to SiC MOSFET, GaN HEMT and fast recovery diodes, along with automotive and industrial MCUs and gate drivers.

• 01H1 2026 revenue of RMB 1.93 billion (-0.4% YoY) and net profit of RMB 65 million (-76.4% YoY), with gross margin down to 20.6% and ROE at 0.9%.
• 02Full-year 2025 revenue of RMB 4.01 billion (+18.3% YoY) with net profit of RMB 405 million (-20.2% YoY) - revenue still grew while profit already fell.
• 03Headcount stands at 3,301 with R&D spending of RMB 249 million in H1 2026; the squeeze comes from IGBT price competition, not from volume loss.

1. Feb 4, 2020

   IPO

   CNY 4.595 亿

   Source

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