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Guizhou-based maker of electrical connectors and components for China's aerospace and defense programs.
Guizhou-based maker of electrical connectors and components for China's aerospace and defense programs.
Moat: narrow (regulatory licence, customer qualification). Qualified aerospace/defense connector supplier, a certification-heavy niche with high switching costs.
Headquarters: Guiyang, Guizhou, China · Employees: 5,805
Size Guizhou Space Appliance (002025.SZ) is a China Information Technology company (Electronic Components) with a market value of $3.56B, the 724th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥52.26 on 6 Nov 2026.
Performance Over six months the shares fell 28.6%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 21.8% over the last twelve months (peer median +18.7%); the operating margin is 2.9% (peer median 14.1%).
Valuation It trades at 63.7× forward earnings against a peer median of 25.5× (4th most expensive of 19).
Capital Return on invested capital runs 3.6 points below its cost of capital (7.5% WACC).
Next results Next results expected around 13 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.55B | CN¥5.80B | CN¥5.01B | CN¥6.17B | CN¥5.98B |
| Revenue growth | — | +16% | -19% | +3% | — |
| Gross profit | CN¥2.06B | CN¥1.67B | CN¥1.82B | CN¥2.20B | CN¥1.88B |
| EBITDA | n/a | CN¥460M | CN¥562M | CN¥1.08B | CN¥804M |
| Net income | CN¥231M | CN¥183M | CN¥347M | CN¥750M | CN¥555M |
| Free cash flow | -CN¥225M | -CN¥983M | -CN¥590M | CN¥1.19B | -CN¥158M |
| Capital expenditure | CN¥447M | CN¥369M | CN¥331M | CN¥448M | CN¥336M |
| Total debt | CN¥597M | CN¥1.50B | CN¥1.89B | CN¥1.73B | CN¥1.50B |
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 |
|---|---|---|---|---|---|---|
| Guizhou Space Appliance 002025.SZ | $3.56B | -29% | +22% | 3% | 63.7× | n/a |
| Jonhon Optronic Technology 002179.SZ | $10.7B | -7% | +6% | 11% | 30.4× | n/a |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Smiths SMIN.L | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% |
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 | 002025.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.0% | -24.9% | 8th highest of 21 |
| 6-month return | -28.6% | -16.1% | 7th lowest of 20 |
| Distance from 52-week high | -45.5% | -47.8% | 9th highest of 21 |
| Revenue growth (TTM) | +21.8% | +18.7% | 9th highest of 21 |
| Operating margin | 2.9% | 14.1% | 2nd lowest of 21 |
| Forward P/E | 63.7× | 25.5× | 4th most expensive of 19 |
| ROIC minus cost of capital | -3.6 pp | +0.7 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| 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% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |