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Chinese maker of power-grid automation and smart-metering equipment for electricity transmission and distribution.
Chinese maker of power-grid automation and smart-metering equipment for electricity transmission and distribution.
Sells mainly to the national grid companies and regional utilities, which buy through centralised tenders, so orders arrive in batches tied to grid investment programmes. Installed systems later need upgrades and servicing, which gives follow-on work.
Moat: narrow (customer qualification, installed base). Grid equipment must be qualified with utility customers, and installed systems create replacement inertia.
Headquarters: Yantai, Shandong, China · Employees: 8,999
Size Dongfang Electronics (000682.SZ) is a China Information Technology company (Computer Processing Hardware) with a market value of $2.06B, the 1223rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.25 on 6 Nov 2026.
Performance Over six months the shares fell 21.5%, against -19.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 19 in its peer set.
Growth Revenue grew 14.4% over the last twelve months (peer median +11.0%); the operating margin is 7.2% (peer median 4.5%).
Valuation It trades at 13.7× forward earnings against a peer median of 17.4× (5th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points above its cost of capital (8.1% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.24B | CN¥8.34B | CN¥7.50B | CN¥6.42B | CN¥5.43B |
| Revenue growth | — | +11% | +17% | +18% | — |
| Gross profit | CN¥2.87B | CN¥2.60B | CN¥2.44B | CN¥2.07B | CN¥1.68B |
| EBITDA | n/a | CN¥828M | CN¥768M | CN¥584M | CN¥391M |
| Net income | CN¥936M | CN¥912M | CN¥684M | CN¥541M | CN¥438M |
| Free cash flow | CN¥246M | CN¥587M | CN¥931M | CN¥1.11B | CN¥218M |
| Capital expenditure | CN¥274M | CN¥226M | CN¥111M | CN¥153M | CN¥202M |
| Total debt | CN¥987M | CN¥604M | CN¥554M | CN¥435M | CN¥421M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dongfang Electronics 000682.SZ | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% |
| Willfar Information Technology 688100.SS | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% |
| NARI Technology 600406.SS | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% |
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 | 000682.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | -7.7% | 9th highest of 21 |
| 6-month return | -21.5% | -19.6% | 8th lowest of 19 |
| Distance from 52-week high | -33.8% | -39.0% | 8th highest of 21 |
| Revenue growth (TTM) | +14.4% | +11.0% | 9th highest of 18 |
| Operating margin | 7.2% | 4.5% | 8th highest of 21 |
| Forward P/E | 13.7× | 17.4× | 5th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 8.9% | 4.6% | 5th most demanding of 11 |
| Growth delivered (Del g) | +17.4% | +6.1% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -8.5 pp | -0.5 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +4.6 pp | -0.1 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |