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Zhejiang-based technology manufacturer; specific product lines are unclear from available knowledge.
Zhejiang-based technology manufacturer; specific product lines are unclear from available knowledge.
Moat: none
Headquarters: Zhejiang, China · Employees: 221
Size Zhejiang Chengchang Technology (001270.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.34B, the 1810th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥84.75 on 6 Nov 2026.
Performance Over six months the shares fell 36.6%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +14.3%); the operating margin is 26.8% (peer median 4.3%).
Valuation It trades at 100.9× forward earnings against a peer median of 13.8× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 44% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +26 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 4.2 points below its cost of capital (12.2% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥413M | CN¥402M | CN¥212M | CN¥287M | CN¥276M |
| Revenue growth | — | +90% | -26% | +4% | — |
| Gross profit | CN¥364M | CN¥287M | CN¥131M | CN¥175M | CN¥193M |
| EBITDA | n/a | CN¥143M | -CN¥28.7M | CN¥83.1M | CN¥128M |
| Net income | CN¥122M | CN¥117M | -CN¥31.1M | CN¥79.7M | CN¥133M |
| Free cash flow | CN¥91.9M | -CN¥59.6M | -CN¥193M | -CN¥127M | -CN¥75.4M |
| Capital expenditure | CN¥18.2M | CN¥13.5M | CN¥146M | CN¥117M | CN¥75.6M |
| Total debt | CN¥428,101 | CN¥52.5M | CN¥74.2M | CN¥347,512 | CN¥680,424 |
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| Measure | 001270.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -5.8% | 10th lowest of 20 |
| 6-month return | -36.6% | -25.1% | 4th lowest of 19 |
| Distance from 52-week high | -53.1% | -44.9% | 7th lowest of 20 |
| Revenue growth (TTM) | -0.9% | +14.3% | 8th lowest of 21 |
| Operating margin | 26.8% | 4.3% | highest of 21 |
| Forward P/E | 100.9× | 13.8× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 44.0% | 8.7% | most demanding of 11 |
| Growth delivered (Del g) | +18.3% | +7.6% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | +25.7 pp | +2.3 pp | most demanding of 11 |
| ROIC minus cost of capital | -4.2 pp | -1.8 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Chengchang Technology 001270.SZ | China | $1.34B | -37% | -1% | 27% | 100.9× | 44.0% | +18.3% |
| Arlo Technologies ARLO | United States | $1.33B | -19% | +16% | 3% | 13.8× | 32.6% | +8.2% |
| Hwa Create 300045.SZ | China | $1.35B | -39% | -7% | -20% | n/a | n/a | n/a |
| Noritsu Koki 7744.T | Japan | $1.31B | -7% | +33% | 20% | 9.9× | -6.9% | +16.8% |
| Tianjin 712 Communication & Broadcasting 603712.SS | China | $1.41B | -25% | +27% | -17% | 31.1× | n/a | n/a |
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 10.4× | n/a | n/a |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 8.7× | -4.6% | -25.5% |
| Shenzhen Gongjin Electronics 603118.SS | China | $1.42B | -18% | +21% | 2% | n/a | n/a | n/a |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 13.0× | 7.4% | +11.3% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 113.3× | -2.7% | -3.1% |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | n/a | 20.4% | -1.0% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 14.7× | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | n/a | n/a | n/a |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | n/a | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 32.0× | 27.2% | +29.1% |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 11.6× | 10.0% | -1.0% |