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State-owned Chinese conglomerate making resistors, capacitors, connectors and other electronic components, including defense-grade parts.
State-owned Chinese conglomerate making resistors, capacitors, connectors and other electronic components, including defense-grade parts.
Sells components such as resistors and capacitors under approved military and industrial specifications, so qualification with defence customers and long-running programmes protect volumes, while civil buyers are more price-driven. Procurement budgets and import-substitution policy drive demand.
Moat: narrow (regulatory licence, customer qualification, scale). State-backed (China Electronics Technology Group-linked) qualification for military and industrial component standards.
Headquarters: Guiyang, China · Employees: 6,935
Size China Zhenhua (Group) Science & Technology (000733.SZ) is a China Information Technology company (Electronic Components) with a market value of $2.93B, the 878th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥35.22 on 6 Nov 2026.
Performance Over six months the shares fell 17.3%, against -28.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +23.6%); the operating margin is 14.5% (peer median 11.8%).
Valuation It trades at 23.3× forward earnings against a peer median of 42.4× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points below its cost of capital (7.6% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.33B | CN¥5.71B | CN¥5.18B | CN¥7.70B | CN¥7.20B |
| Revenue growth | — | +10% | -33% | +7% | — |
| Gross profit | CN¥2.67B | CN¥2.51B | CN¥2.47B | CN¥4.46B | CN¥4.41B |
| EBITDA | n/a | CN¥1.47B | CN¥1.36B | CN¥3.29B | CN¥3.03B |
| Net income | CN¥826M | CN¥1.03B | CN¥970M | CN¥2.68B | CN¥2.38B |
| Free cash flow | CN¥1.06B | CN¥1.06B | CN¥1.24B | CN¥787M | CN¥401M |
| Capital expenditure | CN¥280M | CN¥361M | CN¥463M | CN¥464M | CN¥438M |
| Total debt | CN¥874M | CN¥1.56B | CN¥1.51B | CN¥1.60B | CN¥1.67B |
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 |
|---|---|---|---|---|---|---|
| China Zhenhua (Group) Science & Technology 000733.SZ | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% |
| Fujian Torch Electron Technology 603678.SS | $2.16B | -7% | +82% | 4% | 26.2× | n/a |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% |
| Yageo 2327.TW | $23.3B | +8% | +32% | 27% | 13.9× | 17.7% |
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 | 000733.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -18.8% | 6th highest of 21 |
| 6-month return | -17.3% | -28.6% | 7th highest of 20 |
| Distance from 52-week high | -43.5% | -49.7% | 7th highest of 21 |
| Revenue growth (TTM) | -1.3% | +23.6% | 4th lowest of 21 |
| Operating margin | 14.5% | 11.8% | 10th highest of 21 |
| Forward P/E | 23.3× | 42.4× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 4.0% | 26.3% | least demanding of 10 |
| Growth delivered (Del g) | +7.8% | +6.7% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -3.8 pp | +21.1 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | -0.5 pp | -2.2 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |