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Chinese LCD panel maker (brand Huike/HKC) supplying TV, monitor, laptop and automotive display panels.
Chinese LCD panel maker (brand Huike/HKC) supplying TV, monitor, laptop and automotive display panels.
Sells LCD panels in large volume to TV, monitor and laptop brands, where prices swing with industry supply and big fabs must keep running to cover fixed costs. Panels for monitors, laptops and cars sell for more per unit than TV panels, so the mix matters.
In one line: A smaller, China-based AU Optronics/Innolux.
Moat: narrow (scale, cost advantage). Large LCD fab scale in a commoditized panel market with thin, cyclical margins.
Headquarters: Shenzhen, China · Founded: 2001 · Employees: 19,036
Size HKC (001399.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $18.2B, the 123rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.34 on 6 Nov 2026.
Growth Revenue grew 1.5% over the last twelve months (peer median +30.0%); the operating margin is 10.1% (peer median 14.0%).
Valuation It trades at 3.6× enterprise value to sales against a peer median of 3.4× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +13 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 9.0 points below its cost of capital (13.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥40.9B | CN¥40.3B | CN¥35.8B | CN¥26.9B |
| Revenue growth | — | +2% | +12% | +33% | — |
| Gross profit | n/a | CN¥7.63B | CN¥7.24B | CN¥5.86B | -CN¥365M |
| EBITDA | n/a | CN¥10.6B | CN¥10.2B | CN¥8.22B | CN¥860M |
| Net income | n/a | CN¥3.80B | CN¥3.32B | CN¥2.58B | -CN¥1.42B |
| Free cash flow | n/a | CN¥5.75B | CN¥8.57B | CN¥2.05B | -CN¥135M |
| Capital expenditure | n/a | CN¥3.68B | CN¥2.49B | CN¥3.57B | CN¥6.54B |
| Total debt | CN¥62.3B | CN¥41.6B | CN¥46.8B | CN¥45.9B | CN¥33.4B |
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 |
|---|---|---|---|---|---|---|
| HKC 001399.SZ | $18.2B | n/a | +2% | 10% | 3.6× | 30.7% |
| BOE Technology 000725.SZ | $25.3B | +9% | -4% | 2% | 1.5× | -3.9% |
| AUO 2409.TW | $6.02B | +49% | -1% | -2% | 0.7× | n/a |
| Innolux 3481.TW | $8.71B | +32% | +11% | 0% | 1.0× | 37.3% |
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 | 001399.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.4% | -29.6% | 8th highest of 21 |
| Distance from 52-week high | -78.5% | -51.9% | lowest of 21 |
| Revenue growth (TTM) | +1.5% | +30.0% | 2nd lowest of 21 |
| Operating margin | 10.1% | 14.0% | 10th lowest of 21 |
| EV / Sales | 3.6× | 3.4× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.7% | 17.7% | 4th most demanding of 16 |
| Growth delivered (Del g) | +17.5% | +5.9% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | +13.2 pp | +12.9 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | -9.0 pp | +4.0 pp | lowest of 21 |
| EV / EBITDA | 13.7× | 15.2× | 6th cheapest of 15 |
| Net debt / EBITDA | 1.1× | -0.2× | 2nd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HKC 001399.SZ | China | $18.2B | n/a | +2% | 10% | 3.6× | 30.7% | +17.5% |
| Yageo 2327.TW | Taiwan | $23.3B | +8% | +32% | 27% | 4.6× | 17.7% | +14.5% |
| Shenzhen Jlc Technology Group Co Lt 001232.SZ | China | $12.9B | n/a | +28% | 15% | 7.6× | 52.7% | +28.4% |
| Flex FLEX | United States | $25.8B | -51% | +18% | 6% | 0.9× | 15.9% | +3.0% |
| Asia Vital Components 3017.TW | Taiwan | $27.4B | -15% | +99% | 24% | 4.7× | 9.0% | +28.6% |
| 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 |
| Teradyne TER | United States | $34.1B | -39% | +75% | 33% | 6.8× | 20.9% | +0.4% |
| Quanta Computer 2382.TW | Taiwan | $36.0B | -10% | +63% | 3% | 0.4× | n/a | n/a |
| 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% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 0.6× | n/a | n/a |
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 0.2× | -0.8% | +18.8% |
| Murata Manufacturing 6981.T | Japan | $57.1B | -5% | +15% | 20% | 4.2× | 29.8% | +2.3% |
| 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% |