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Chinese maker of cover glass and touch-screen glass used in smartphones and consumer electronics.
Chinese maker of cover glass and touch-screen glass used in smartphones and consumer electronics.
Cuts, strengthens, coats and prints glass to each smartphone model's specification, so revenue follows phone makers' model launches and the volumes assigned to it among several suppliers. Price pressure on cover glass is strong, as phone makers usually keep more than one supplier.
In one line: A smaller, China-based Corning Gorilla Glass fabricator/peer.
Moat: narrow (customer qualification, process know-how). Glass-processing precision and OEM qualification for cosmetic front-panel components.
Headquarters: Shenzhen, China · Employees: 1,332
Size Shenzhen Laibao Hi-Tech (002106.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $962M, the 2368th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.09 on 6 Nov 2026.
Performance Over six months the shares fell 13.3%, against -19.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 12.4% over the last twelve months (peer median +11.9%); the operating margin is 3.6% (peer median 5.5%).
Valuation It trades at 28.4× forward earnings against a peer median of 22.3× (5th most expensive of 13).
Capital Return on invested capital runs 3.9 points below its cost of capital (7.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.39B | CN¥5.97B | CN¥5.86B | CN¥5.56B | CN¥6.14B |
| Revenue growth | — | +2% | +5% | -10% | — |
| Gross profit | CN¥949M | CN¥829M | CN¥872M | CN¥795M | CN¥709M |
| EBITDA | n/a | CN¥444M | CN¥510M | CN¥476M | CN¥336M |
| Net income | CN¥136M | CN¥245M | CN¥374M | CN¥376M | CN¥367M |
| Free cash flow | -CN¥1.81B | -CN¥3.63B | -CN¥1.52B | CN¥516M | CN¥326M |
| Capital expenditure | CN¥2.41B | CN¥3.93B | CN¥2.00B | CN¥211M | CN¥410M |
| Total debt | CN¥2.14B | CN¥1.53B | CN¥68.5M | CN¥83.6M | CN¥74.1M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Laibao Hi-Tech 002106.SZ | $962M | -13% | -12% | 4% | 28.4× | n/a |
| Lens Technology 300433.SZ | $20.1B | +5% | -11% | 5% | 42.6× | 16.9% |
| Corning GLW | $91.4B | -43% | +19% | 17% | 25.4× | 24.7% |
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 | 002106.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.5% | -15.8% | 8th lowest of 21 |
| 6-month return | -13.3% | -19.8% | 9th highest of 20 |
| Distance from 52-week high | -50.5% | -49.9% | 11th highest of 21 |
| Revenue growth (TTM) | -12.4% | +11.9% | 4th lowest of 21 |
| Operating margin | 3.6% | 5.5% | 9th lowest of 21 |
| Forward P/E | 28.4× | 22.3× | 5th most expensive of 13 |
| ROIC minus cost of capital | -3.9 pp | -4.0 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Laibao Hi-Tech 002106.SZ | China | $962M | -13% | -12% | 4% | 28.4× | n/a | n/a |
| Nanjing Wavelength Opto-Electronic Science and Technology 301421.SZ | China | $980M | -46% | +8% | 7% | 77.3× | n/a | n/a |
| TES 095610.KS | South Korea | $982M | -7% | +33% | 17% | 13.7× | 14.5% | +7.4% |
| Chengdu RML Technology 301050.SZ | China | $927M | -37% | -81% | -128% | 22.1× | 21.4% | +16.9% |
| Hangzhou Sunrise Technology 300360.SZ | China | $919M | -20% | -17% | 19% | 10.0× | -1.6% | +9.0% |
| LX Technology 2436.HK | Hong Kong | $1.02B | +37% | -4% | 4% | 120.4× | n/a | n/a |
| Suzhou K-Hiragawa Electronic Technology 603052.SS | China | $1.03B | -55% | +7% | -10% | n/a | n/a | n/a |
| Mitsui High-Tec 6966.T | Japan | $892M | +20% | +10% | 8% | 9.2× | n/a | n/a |
| I-Chiun Precision Industry 2486.TW | Taiwan | $1.05B | -53% | +25% | 7% | 23.3× | n/a | n/a |
| Scanfil SCANFL.HE | Finland | $877M | -7% | +19% | 6% | 16.2× | 6.9% | +6.0% |
| Shenzhen AV-Display 300939.SZ | China | $1.07B | +54% | +5% | 3% | n/a | n/a | n/a |
| AcBel Polytech 6282.TW | Taiwan | $838M | -35% | +14% | 3% | 22.5× | 15.7% | +8.6% |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | n/a | n/a | n/a |
| LianChuang Electronic Technology 002036.SZ | China | $818M | -42% | -32% | -25% | n/a | n/a | n/a |
| Beken 603068.SS | China | $810M | 0% | +35% | 1% | n/a | n/a | n/a |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 53.2× | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | n/a | 17.5% | +9.6% |
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 9.5× | n/a | n/a |
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | n/a | -4.4% | +5.0% |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 39.4× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | n/a | n/a | n/a |