Chinese printer and imaging group; owns Lexmark (US) and the Pantum laser-printer brand plus printer-chip and toner-cartridge units.
Chinese printer and imaging group; owns Lexmark (US) and the Pantum laser-printer brand plus printer-chip and toner-cartridge units.
Earns from printer hardware and, more steadily, from the toner cartridges and chips that go into them, since owners keep buying supplies after the printer is sold. Lexmark gives it an installed base of business printers and a supplies and service stream in the West, while the Pantum brand sells to small offices and homes.
In one line: A Chinese HP-meets-Lexmark, plus the chips inside compatible toner cartridges.
Moat: narrow (IP / patents, brand, distribution). Owns Lexmark's installed base and the chip IP that authenticates compatible cartridges industry-wide.
Headquarters: Zhuhai, China · Employees: 13,798
Size Pantum Technology (002180.SZ) is a China Information Technology company (Electronic Components) with a market value of $3.39B, the 766th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.07 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue fell 59.0% over the last twelve months (peer median +21.4%); the operating margin is 0.0% (peer median 13.7%).
Valuation It trades at 69.9× forward earnings against a peer median of 27.6× (3rd most expensive of 18).
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 -5%, so the hurdle is +35 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 4.8 points below its cost of capital (7.3% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.82B | CN¥16.5B | CN¥26.3B | CN¥24.0B | CN¥25.8B |
| Revenue growth | — | -37% | +10% | -7% | — |
| Gross profit | CN¥2.54B | CN¥4.47B | CN¥7.92B | CN¥7.06B | CN¥7.84B |
| EBITDA | n/a | CN¥1.04B | CN¥3.70B | CN¥2.34B | CN¥3.44B |
| Net income | -CN¥227M | -CN¥718M | CN¥749M | -CN¥6.19B | CN¥1.86B |
| Free cash flow | CN¥634M | CN¥389M | CN¥1.69B | CN¥1.93B | CN¥60.4M |
| Capital expenditure | CN¥446M | CN¥822M | CN¥1.05B | CN¥956M | CN¥1.08B |
| Total debt | CN¥3.56B | CN¥4.19B | CN¥13.8B | CN¥15.6B | CN¥13.5B |
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 |
|---|---|---|---|---|---|---|
| Pantum Technology 002180.SZ | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% |
| HP Inc. HPQ | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% |
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
| Brother Industries 6448.T | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% |
| Xerox XRX | n/a | -61% | n/a | n/a | n/a | n/a |
| Seiko Epson 6724.T | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% |
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 | 002180.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.5% | -24.8% | highest of 21 |
| 6-month return | -16.1% | -15.4% | 10th lowest of 20 |
| Distance from 52-week high | -29.1% | -47.8% | highest of 21 |
| Revenue growth (TTM) | -59.0% | +21.4% | lowest of 21 |
| Operating margin | 0.0% | 13.7% | lowest of 21 |
| Forward P/E | 69.9× | 27.6× | 3rd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 30.6% | 18.0% | 4th most demanding of 12 |
| Growth delivered (Del g) | -4.8% | +8.6% | lowest of 12 |
| Hurdle (Req g minus delivered) | +35.4 pp | +7.3 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | -4.8 pp | -0.0 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| 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% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| 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% |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| 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 |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | 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% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |