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Fujian-based LCD panel and module maker, formerly linked to Taiwan's Chi Mei/CPT display technology.
Fujian-based LCD panel and module maker, formerly linked to Taiwan's Chi Mei/CPT display technology.
Moat: none (scale). Commoditized LCD panel manufacturing in an oversupplied, price-competitive industry.
Headquarters: Fuzhou, Fujian, China · Employees: 1,309
Size Hua Ying Technology (Group) (000536.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $1.27B, the 1890th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.05 on 6 Nov 2026.
Performance Over six months the shares fell 22.6%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 12.7% over the last twelve months (peer median +7.9%); the operating margin is -53.8% (peer median 2.0%).
Valuation It trades at 9.4× enterprise value to sales against a peer median of 4.0× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 48% a year for seven years (Req g). Recent delivered growth is -9%, so the hurdle is +56 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.1 points below its cost of capital (8.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.27B | CN¥1.38B | CN¥1.74B | CN¥1.45B | CN¥2.34B |
| Revenue growth | — | -21% | +20% | -38% | — |
| Gross profit | CN¥115M | -CN¥540M | -CN¥571M | -CN¥931M | -CN¥511M |
| EBITDA | n/a | CN¥79.4M | -CN¥41.9M | -CN¥478M | -CN¥425M |
| Net income | -CN¥993M | -CN¥1.03B | -CN¥1.13B | -CN¥1.60B | -CN¥1.22B |
| Free cash flow | CN¥75.4M | CN¥13.8M | CN¥301M | -CN¥603M | CN¥1.26B |
| Capital expenditure | CN¥95.6M | CN¥92.9M | CN¥92.6M | CN¥131M | CN¥272M |
| Total debt | CN¥4.48B | CN¥3.75B | CN¥3.61B | CN¥4.18B | CN¥4.69B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Hua Ying Technology (Group) 000536.SZ | $1.27B | -23% | -13% | -54% | 9.4× | 47.9% |
| BOE Technology 000725.SZ | $25.3B | +9% | -4% | 2% | 1.5× | -3.9% |
| TCL Technology 000100.SZ | $15.0B | +7% | +5% | 0% | 1.5× | -4.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000536.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -8.8% | 10th highest of 21 |
| 6-month return | -22.6% | -21.0% | 9th lowest of 21 |
| Distance from 52-week high | -53.8% | -41.6% | 4th lowest of 21 |
| Revenue growth (TTM) | -12.7% | +7.9% | 2nd lowest of 21 |
| Operating margin | -53.8% | 2.0% | lowest of 21 |
| EV / Sales | 9.4× | 4.0× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 47.9% | 5.6% | 2nd most demanding of 13 |
| Growth delivered (Del g) | -8.6% | +4.7% | lowest of 13 |
| Hurdle (Req g minus delivered) | +56.5 pp | -7.7 pp | most demanding of 13 |
| ROIC minus cost of capital | -10.1 pp | -3.9 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hua Ying Technology (Group) 000536.SZ | China | $1.27B | -23% | -13% | -54% | 9.4× | 47.9% | -8.6% |
| NSFOCUS Technologies 300369.SZ | China | $1.29B | +45% | +8% | -4% | 3.4× | 38.1% | +4.9% |
| FIH Mobile 2038.HK | Hong Kong | $1.24B | -51% | +17% | 1% | 0.0× | -11.2% | -5.6% |
| Scantech (Hangzhou) 688583.SS | China | $1.31B | -20% | +4% | 1% | 21.7× | n/a | n/a |
| Visionox Technology 002387.SZ | China | $1.35B | -20% | -1% | -35% | 4.9× | 50.6% | +18.9% |
| Global Brands Manufacture 6191.TW | Taiwan | $1.09B | -28% | +49% | 8% | 1.2× | n/a | n/a |
| Toyou Feiji Electronics 300302.SZ | China | $1.49B | -24% | +5% | -15% | 25.6× | n/a | n/a |
| Nancal Technology 603859.SS | China | $1.49B | -5% | +10% | 12% | 5.6× | n/a | n/a |
| Elecom 6750.T | Japan | $1.07B | +14% | +15% | 12% | 0.8× | -9.4% | +4.3% |
| Chengdu Galaxy Magnets 300127.SZ | China | $1.06B | -30% | +29% | 21% | 6.2× | 25.3% | +7.4% |
| InfoVision Optoelectronics (Kunshan) 688055.SS | China | $1.56B | -23% | -24% | -19% | 5.8× | n/a | n/a |
| Plover Bay Technologies 1523.HK | Hong Kong | $959M | -22% | +16% | 42% | 6.5× | 3.8% | +19.9% |
| Hitevision 002955.SZ | China | $928M | +2% | -2% | 3% | 1.6× | n/a | n/a |
| Mirle Automation 2464.TW | Taiwan | $928M | +19% | -4% | 1% | 4.2× | n/a | n/a |
| Beijing Certificate Authority 300579.SZ | China | $912M | -15% | -11% | -11% | 6.6× | 29.0% | -0.4% |
| Ai Holdings Corporation 3076.T | Japan | $885M | +10% | +28% | 13% | 1.0× | -6.9% | +13.0% |
| ShunSin Technology 6451.TW | Taiwan | $866M | -53% | +8% | 4% | 4.2× | n/a | n/a |
| Chicony Electronics 2385.TW | Taiwan | $1.96B | -31% | -8% | 7% | 0.6× | -9.6% | +0.1% |
| Shandong New Beiyang Information Technology 002376.SZ | China | $794M | -9% | +21% | 0% | 1.9× | 23.8% | +3.1% |
| Beijing Dahao Technology 603025.SS | China | $2.04B | -25% | +23% | 29% | 3.9× | 7.4% | +29.2% |
| Tianma Microelectronics 000050.SZ | China | $2.05B | -27% | -3% | -1% | 1.2× | -6.2% | +4.4% |