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Employees: 728
Size SHENZHEN SEA STAR TECHNOLOGY (002137.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $603M, the 3407th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.96 on 6 Nov 2026.
Performance Over six months the shares fell 15.7%, against -22.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 25.6% over the last twelve months (peer median +2.0%); the operating margin is 3.3% (peer median 1.4%).
Valuation It trades at 5.1× enterprise value to sales against a peer median of 2.4× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 38% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is +41 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 5.2 points below its cost of capital (7.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥788M | CN¥676M | CN¥592M | CN¥591M | CN¥636M |
| Revenue growth | — | +14% | 0% | -7% | — |
| Gross profit | CN¥139M | CN¥129M | CN¥114M | CN¥121M | CN¥134M |
| EBITDA | n/a | CN¥71.7M | CN¥50.6M | CN¥46.5M | CN¥38.6M |
| Net income | CN¥67.7M | CN¥43.1M | -CN¥23.4M | CN¥10.5M | CN¥144M |
| Free cash flow | CN¥26.9M | CN¥24.6M | CN¥63.6M | -CN¥53.7M | -CN¥65.2M |
| Capital expenditure | CN¥19.2M | CN¥20.9M | CN¥35.0M | CN¥104M | CN¥78.6M |
| Total debt | CN¥140M | CN¥114M | CN¥99.4M | CN¥86.3M | CN¥106M |
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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 | 002137.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | -17.8% | 8th highest of 21 |
| 6-month return | -15.7% | -22.5% | 7th highest of 21 |
| Distance from 52-week high | -44.6% | -49.7% | 7th highest of 21 |
| Revenue growth (TTM) | +25.6% | +2.0% | 3rd highest of 21 |
| Operating margin | 3.3% | 1.4% | 9th highest of 21 |
| EV / Sales | 5.1× | 2.4× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 38.0% | 12.2% | 2nd most demanding of 10 |
| Growth delivered (Del g) | -2.8% | +8.1% | lowest of 10 |
| Hurdle (Req g minus delivered) | +40.8 pp | +5.5 pp | most demanding of 10 |
| ROIC minus cost of capital | -5.2 pp | -5.2 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SHENZHEN SEA STAR TECHNOLOGY 002137.SZ | China | $603M | -16% | +26% | 3% | 5.1× | 38.0% | -2.8% |
| Minami Acoustics 301383.SZ | China | $604M | -14% | -11% | -4% | 1.8× | 48.1% | +8.2% |
| Vanjee Technology 300552.SZ | China | $601M | -29% | +16% | -13% | 3.5× | n/a | n/a |
| Fitipower Integrated Technology 4961.TW | Taiwan | $600M | +4% | -10% | 6% | 0.7× | -7.2% | +10.6% |
| Suntront Technology 300259.SZ | China | $598M | -22% | 0% | 12% | 2.5× | 8.6% | -2.2% |
| Beijing Bayi Space LCD Technology 688181.SS | China | $609M | -14% | +12% | 11% | 4.8× | n/a | n/a |
| Techshine Electronics 301379.SZ | China | $617M | -21% | +12% | 4% | 2.0× | n/a | n/a |
| Suzhou Etron Technologies 603380.SS | China | $588M | -33% | +3% | 11% | 1.6× | 12.2% | +12.2% |
| Hangzhou Jizhi Mechatronic 300553.SZ | China | $626M | -15% | -4% | -4% | 12.9× | n/a | n/a |
| Shenzhen Longli Technology 300752.SZ | China | $627M | -28% | +17% | 2% | 2.6× | n/a | n/a |
| YaGuang Technology 300123.SZ | China | $629M | +2% | -45% | -264% | 12.2× | n/a | n/a |
| Frencken E28.SI | Singapore | $642M | -42% | +1% | 6% | 0.9× | 3.1% | +6.9% |
| Kohoku Kogyo 6524.T | Japan | $644M | -28% | +22% | 29% | 4.7× | 22.8% | +9.3% |
| JNTC 204270.KS | South Korea | $663M | -18% | -13% | -47% | 7.0× | n/a | n/a |
| TAI-TECH Advanced Electronics 3357.TWO | Taiwan | $546M | -11% | +20% | 15% | 2.4× | 13.6% | +8.1% |
| Pan-International Industrial 2328.TW | Taiwan | $667M | -23% | -14% | 2% | 1.0× | 18.3% | +1.2% |
| Dongguan Mentech Optical & Magnetic 002902.SZ | China | $670M | -38% | +30% | -6% | 2.4× | n/a | n/a |
| Guangdong Green Precision Components 300968.SZ | China | $538M | -26% | +15% | -10% | 2.0× | n/a | n/a |
| Shenzhen CDL Precision Technology 300686.SZ | China | $535M | -23% | -7% | -14% | 2.5× | n/a | n/a |
| Shenzhen Txd Technology 002845.SZ | China | $535M | -18% | -3% | 1% | 0.7× | n/a | n/a |
| Chicony Power Technology 6412.TW | Taiwan | $680M | -38% | +62% | -128% | 0.4× | -5.2% | -0.2% |