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Operator of JLCPCB, a fast-turnaround online PCB prototyping and manufacturing service, plus EDA design software.
Operator of JLCPCB, a fast-turnaround online PCB prototyping and manufacturing service, plus EDA design software.
Sells made-to-order circuit boards in tiny batches through a web ordering system, so value comes from handling a very large number of small orders cheaply and quickly, then cross-selling assembly and components. Its design software feeds orders into the factory, and many orders ship worldwide.
In one line: China's OSH Park/Eurocircuits, at massive scale.
Moat: narrow (scale, network effects, brand). Huge order volume (18,000+ daily) and fast turnaround built a global maker/startup brand few can match on speed and price.
Headquarters: Shenzhen, China · Employees: 11,197
Size Shenzhen Jlc Technology Group Co Lt (001232.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $12.9B, the 187th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥154.86 on 6 Nov 2026.
Growth Revenue grew 28.4% over the last twelve months (peer median +26.7%); the operating margin is 15.0% (peer median 11.5%).
Valuation It trades at 7.6× enterprise value to sales against a peer median of 3.4× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 53% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is +24 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 3.8 points above its cost of capital (18.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | CN¥10.2B | CN¥7.97B | CN¥6.73B |
| Revenue growth | — | +28% | +18% | — |
| Gross profit | n/a | CN¥2.78B | CN¥2.22B | CN¥1.77B |
| EBITDA | n/a | CN¥1.97B | CN¥1.53B | CN¥1.10B |
| Net income | n/a | CN¥1.31B | CN¥1.05B | CN¥734M |
| Free cash flow | n/a | CN¥585M | CN¥555M | CN¥773M |
| Capital expenditure | n/a | CN¥1.40B | CN¥1.05B | CN¥833M |
| Total debt | CN¥1.50B | CN¥981M | CN¥545M | CN¥485M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Jlc Technology Group Co Lt 001232.SZ | $12.9B | n/a | +28% | 15% | 7.6× | 52.7% |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 2.1× | 24.1% |
| Suntak Technology 002815.SZ | $3.61B | +2% | +31% | 10% | 2.5× | n/a |
| Shenzhen Kinwong Electronic 603228.SS | $8.38B | -23% | +33% | 12% | 3.0× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 4.5× | n/a |
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 | 001232.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.0% | -27.5% | 7th highest of 21 |
| Distance from 52-week high | -34.0% | -51.9% | 6th highest of 21 |
| Revenue growth (TTM) | +28.4% | +26.7% | 11th highest of 21 |
| Operating margin | 15.0% | 11.5% | 10th highest of 21 |
| EV / Sales | 7.6× | 3.4× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 52.7% | 17.7% | most demanding of 16 |
| Growth delivered (Del g) | +28.4% | +10.5% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +24.3 pp | +12.9 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | +3.8 pp | +3.5 pp | 11th highest of 21 |
| EV / EBITDA | 39.5× | 15.1× | 2nd most expensive of 15 |
| Net debt / EBITDA | -4.1× | -0.1× | least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Jlc Technology Group Co Lt 001232.SZ | China | $12.9B | n/a | +28% | 15% | 7.6× | 52.7% | +28.4% |
| MPI 6223.TWO | Taiwan | $10.2B | -31% | +38% | 30% | 20.5× | n/a | n/a |
| Phison Electronics 8299.TWO | Taiwan | $10.0B | -29% | +157% | 31% | 2.2× | n/a | n/a |
| HKC 001399.SZ | China | $18.2B | n/a | +2% | 10% | 3.6× | 30.7% | +17.5% |
| Littelfuse LFUS | United States | $9.04B | -22% | +19% | 18% | 3.2× | 15.3% | +10.5% |
| Advanced Energy Industries AEIS | United States | $7.98B | -45% | +32% | 17% | 3.5× | 17.8% | +4.9% |
| Sanmina SANM | United States | $7.22B | -46% | +59% | 5% | 0.6× | 6.8% | +3.2% |
| Yageo 2327.TW | Taiwan | $23.3B | +8% | +32% | 27% | 4.6× | 17.7% | +14.5% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 0.6× | n/a | n/a |
| Flex FLEX | United States | $25.8B | -51% | +18% | 6% | 0.9× | 15.9% | +3.0% |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 0.2× | -0.8% | +18.8% |
| Asia Vital Components 3017.TW | Taiwan | $27.4B | -15% | +99% | 24% | 4.7× | 9.0% | +28.6% |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 17.4× | 39.7% | +1.4% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 1.3× | 1.2% | +12.4% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 4.6× | 28.6% | +5.9% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 9.6× | 46.0% | +30.6% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 1.0× | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 2.3× | 12.1% | -1.3% |
| Teradyne TER | United States | $34.1B | -39% | +75% | 33% | 6.8× | 20.9% | +0.4% |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 4.4× | 20.6% | +21.0% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 1.2× | n/a | n/a |