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Hangzhou maker of uncooled infrared detectors, thermal-imaging cameras and electro-optical systems for defense, power grids and industry.
Hangzhou maker of uncooled infrared detectors, thermal-imaging cameras and electro-optical systems for defense, power grids and industry.
Pay comes from two sides: military orders for infrared detectors and electro-optical equipment, which arrive in lumps, and civil sales of thermal cameras and inspection robots, with power utilities a key base. Making its own detector chips lets it cover the chain from chip to complete system.
Moat: narrow (IP / patents, regulatory licence). Military-qualified detector producer with a full chip-to-system chain; defense licences limit new entrants.
Headquarters: Hangzhou, China · Founded: 2001 · Employees: 860
Size Zhejiang Dali Technology (002214.SZ) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $1.45B, the 1680th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.24 on 6 Nov 2026.
Performance Over six months the shares fell 14.6%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 1.3% over the last twelve months (peer median +5.8%); the operating margin is -68.1% (peer median 8.1%).
Valuation It trades at 28.5× enterprise value to sales against a peer median of 2.9× (3rd most expensive of 21).
Capital Return on invested capital runs 20.3 points below its cost of capital (8.4% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥350M | CN¥347M | CN¥274M | CN¥254M | CN¥398M |
| Revenue growth | — | +26% | +8% | -36% | — |
| Gross profit | CN¥52.6M | CN¥53.3M | -CN¥6.36M | CN¥76.0M | CN¥150M |
| EBITDA | -CN¥192M | -CN¥205M | -CN¥372M | -CN¥280M | -CN¥208M |
| Net income | -CN¥216M | -CN¥224M | -CN¥384M | -CN¥292M | -CN¥151M |
| Free cash flow | -CN¥41.2M | -CN¥13.9M | -CN¥156M | -CN¥282M | -CN¥278M |
| Capital expenditure | CN¥36.7M | CN¥37.2M | CN¥89.0M | CN¥125M | CN¥105M |
| Total debt | CN¥391M | CN¥431M | CN¥395M | CN¥286M | CN¥214M |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Dali Technology 002214.SZ | $1.45B | -15% | +1% | -68% | 28.5× | n/a |
| Wuhan Guide Infrared 002414.SZ | $6.46B | -32% | +89% | 29% | 5.8× | n/a |
| Raytron Technology 688002.SS | $8.64B | -15% | +84% | 29% | 6.0× | 20.1% |
| Hangzhou Hikvision Digital Technology 002415.SZ | $49.1B | -3% | +8% | 19% | 3.0× | 2.6% |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 4.6× | 15.5% |
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 | 002214.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -6.9% | 9th highest of 21 |
| 6-month return | -14.6% | -20.4% | 9th highest of 20 |
| Distance from 52-week high | -24.7% | -43.6% | 6th highest of 21 |
| Revenue growth (TTM) | +1.3% | +5.8% | 7th lowest of 21 |
| Operating margin | -68.1% | 8.1% | lowest of 21 |
| EV / Sales | 28.5× | 2.9× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -20.3 pp | -1.0 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Dali Technology 002214.SZ | China | $1.45B | -15% | +1% | -68% | 28.5× | n/a | n/a |
| Kinco Automation Shanghai 688160.SS | China | $1.45B | -2% | +46% | 9% | 9.3× | n/a | n/a |
| Chongqing Chuanyi Automation 603100.SS | China | $1.44B | -4% | +3% | 7% | 1.2× | 2.6% | +9.9% |
| Gl Tech 300480.SZ | China | $1.44B | -28% | +43% | 13% | 9.9× | n/a | n/a |
| Shanghai Liangxin Electrical Co 002706.SZ | China | $1.42B | -26% | +6% | 3% | 1.8× | n/a | n/a |
| Amano 6436.T | Japan | $1.50B | -4% | +1% | 11% | 1.1× | -7.6% | +9.2% |
| Hangzhou Kelin Electric 688611.SS | China | $1.51B | +4% | -58% | -32% | 58.7× | n/a | n/a |
| TAIFLEX Scientific 8039.TW | Taiwan | $1.51B | +36% | +3% | 6% | 4.7× | 28.3% | +3.9% |
| Guangdong High Dream Intellectualized Machinery 300720.SZ | China | $1.38B | -25% | +8% | 6% | 37.8× | n/a | n/a |
| Glory 6457.T | Japan | $1.53B | +16% | -8% | 9% | 0.8× | -8.1% | +9.3% |
| Hexing Electrical 603556.SS | China | $1.61B | -23% | +6% | 9% | 1.8× | 0.1% | +11.3% |
| Shandong Chunguang Technology 301531.SZ | China | $1.29B | n/a | +7% | 12% | 7.3× | 58.9% | +4.4% |
| Shenzhen VMAX New Energy (Group) 688612.SS | China | $1.63B | -21% | -6% | 9% | 1.6× | 18.8% | +57.4% |
| Zhejiang HangKe Technology 688006.SS | China | $1.64B | -43% | +12% | 3% | 2.6× | 16.0% | +14.9% |
| Suzhou TZTEK Technology 688003.SS | China | $1.67B | -19% | +33% | 5% | 5.3× | 42.0% | +13.2% |
| OKI Electric Industry 6703.T | Japan | $1.24B | -32% | -4% | 4% | 0.6× | 10.1% | +1.4% |
| GVS S.p.A GVS.MI | Italy | $1.24B | +35% | -1% | 12% | 3.1× | 14.3% | +3.2% |
| Hunan Zhongke Electric 300035.SZ | China | $1.22B | -42% | +46% | 5% | 1.4× | n/a | n/a |
| Jiangsu Linyang Energy 601222.SS | China | $1.74B | -6% | +35% | 8% | 1.5× | n/a | n/a |
| Henan Thinker Automatic Equipment 603508.SS | China | $1.18B | -20% | -1% | 39% | 4.3× | -3.9% | +12.6% |
| Suzhou Hengmingda Electronic Technology 002947.SZ | China | $1.78B | -43% | +13% | 18% | 3.2× | 9.4% | +34.8% |