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Chinese maker of smart cards, SIM cards and digital identity/security solutions for telecom operators and banks.
Chinese maker of smart cards, SIM cards and digital identity/security solutions for telecom operators and banks.
Orders arrive in large batches through tenders from the big telecom operators and banks, with prices set in each tender round, so a few customers' procurement decides the year. The shift from physical SIM cards to embedded SIMs and chip-based IoT modules changes what it sells.
In one line: A Chinese Gemalto/IDEMIA for SIM and smart cards.
Moat: narrow (customer qualification, regulatory licence). Long-standing telecom-operator and bank qualification, in a maturing, price-competitive card market.
Headquarters: Zhuhai, China · Founded: 1991 · Employees: 1,423
Size Eastcompeace Technology (002017.SZ) is a China Information Technology company (Semiconductors) with a market value of $1.08B, the 2153rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.43 on 6 Nov 2026.
Performance Over six months the shares fell 34.3%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +9.5%); the operating margin is 10.1% (peer median 3.4%).
Valuation It trades at 4.1× enterprise value to sales against a peer median of 5.2× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +4%, 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 56.8 points above its cost of capital (10.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.34B | CN¥1.31B | CN¥1.38B | CN¥1.38B | CN¥1.28B |
| Revenue growth | — | -5% | 0% | +8% | — |
| Gross profit | CN¥455M | CN¥408M | CN¥444M | CN¥453M | CN¥377M |
| EBITDA | n/a | CN¥151M | CN¥196M | CN¥177M | CN¥103M |
| Net income | CN¥172M | CN¥163M | CN¥190M | CN¥172M | CN¥91.7M |
| Free cash flow | CN¥7.70M | CN¥211M | CN¥174M | CN¥211M | CN¥248M |
| Capital expenditure | CN¥20.3M | CN¥25.0M | CN¥24.5M | CN¥31.2M | CN¥24.6M |
| Total debt | CN¥94.0M | CN¥128M | CN¥199M | CN¥147M | CN¥252M |
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 |
|---|---|---|---|---|---|---|
| Eastcompeace Technology 002017.SZ | $1.08B | -34% | +4% | 10% | 4.1× | 30.4% |
| Hengbao 002104.SZ | $977M | -35% | -17% | -9% | 8.0× | n/a |
| Thales HO.PA | $51.1B | -1% | +7% | 11% | 2.0× | -2.8% |
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 | 002017.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.7% | -16.3% | 8th highest of 21 |
| 6-month return | -34.3% | -28.2% | 9th lowest of 20 |
| Distance from 52-week high | -58.5% | -52.0% | 7th lowest of 21 |
| Revenue growth (TTM) | +4.3% | +9.5% | 8th lowest of 21 |
| Operating margin | 10.1% | 3.4% | 6th highest of 21 |
| EV / Sales | 4.1× | 5.2× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.4% | 35.9% | 4th least demanding of 10 |
| Growth delivered (Del g) | +4.5% | +16.1% | 2nd lowest of 10 |
| Hurdle (Req g minus delivered) | +25.9 pp | +15.3 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | +56.8 pp | -6.7 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eastcompeace Technology 002017.SZ | China | $1.08B | -34% | +4% | 10% | 4.1× | 30.4% | +4.5% |
| Wuxi Chipown Micro-electronics 688508.SS | China | $1.09B | -35% | +12% | -4% | 4.4× | n/a | n/a |
| Focus Lightings Tech 300708.SZ | China | $1.07B | -14% | -38% | 9% | 3.8× | n/a | n/a |
| Semitronix 301095.SZ | China | $1.07B | -35% | +29% | 0% | 7.0× | 58.0% | +42.7% |
| Scientech 3583.TW | Taiwan | $1.07B | -46% | +9% | 14% | 2.4× | 10.4% | +26.0% |
| Zhuhai Aerospace Microchips Science & Technology 300053.SZ | China | $1.10B | -40% | +10% | -114% | 32.1× | n/a | n/a |
| Suzhou Good-Ark Electronics 002079.SZ | China | $1.10B | -31% | +12% | 2% | 1.3× | 32.5% | +17.1% |
| Guangdong Fuxin Technology 688662.SS | China | $1.10B | +19% | +15% | 13% | 11.8× | n/a | n/a |
| GCS 4991.TWO | Taiwan | $1.06B | -61% | +52% | 20% | 11.6× | 39.2% | +8.2% |
| Guizhou Zhenhua Fengguang Semiconductor 688439.SS | China | $1.05B | -28% | -39% | 4% | 8.4× | 18.6% | +16.1% |
| Telink Semiconductor (Shanghai) 688591.SS | China | $1.05B | -15% | +7% | 4% | 4.8× | n/a | n/a |
| Wafer Works (Shanghai) 688584.SS | China | $1.11B | -6% | -1% | 7% | 6.1× | n/a | n/a |
| Beijing Jingyuntong Technology 601908.SS | China | $1.05B | -26% | -32% | -49% | 5.4× | -5.1% | -5.1% |
| Beijing OnMicro Electronics 688790.SS | China | $1.04B | -51% | -10% | -16% | 2.8× | 41.4% | +26.8% |
| CCore Technology 688262.SS | China | $1.13B | -43% | +104% | -51% | 9.3× | n/a | n/a |
| Sino Wealth Electronic 300327.SZ | China | $1.13B | -18% | +7% | 1% | 5.0× | 58.7% | +4.9% |
| Shanghai Fortune Techgroup 300493.SZ | China | $1.04B | -15% | +3% | 3% | 2.3× | 35.9% | +15.8% |
| Wuxi DK Electronic Materials 300842.SZ | China | $1.03B | -48% | +36% | 4% | 0.6× | n/a | n/a |
| Fujiyama Power Systems UTLSOLAR.NS | India | $1.14B | +23% | +72% | 17% | 3.2× | n/a | n/a |
| Lontium Semiconductor 688486.SS | China | $1.14B | -28% | +19% | 23% | 10.6× | n/a | n/a |
| BASiC Semiconductor 9971.HK | Hong Kong | $1.15B | n/a | +4% | -104% | 27.7× | n/a | n/a |