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Chinese maker of laser and optical crystals used in laser systems, optics and scientific instruments.
Chinese maker of laser and optical crystals used in laser systems, optics and scientific instruments.
Moat: narrow (process know-how, IP / patents). Crystal-growth process know-how is a specialized, hard-to-replicate materials-science niche.
Headquarters: Fuzhou, Fujian, China · Founded: 1996 · Employees: 2,236
Size Castech (002222.SZ) is a China Information Technology company (Electronic Components) with a market value of $3.28B, the 792nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥46.49 on 6 Nov 2026.
Performance Over six months the shares fell 46.5%, against -15.1% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 40.4% over the last twelve months (peer median +18.9%); the operating margin is 31.9% (peer median 9.6%).
Valuation It trades at 56.7× forward earnings against a peer median of 30.9× (6th most expensive of 18).
Capital Return on invested capital runs 4.0 points above its cost of capital (11.9% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.48B | CN¥1.15B | CN¥870M | CN¥775M | CN¥762M |
| Revenue growth | — | +32% | +12% | +2% | — |
| Gross profit | CN¥846M | CN¥554M | CN¥441M | CN¥414M | CN¥421M |
| EBITDA | n/a | CN¥432M | CN¥325M | CN¥259M | CN¥281M |
| Net income | CN¥385M | CN¥279M | CN¥219M | CN¥209M | CN¥226M |
| Free cash flow | -CN¥279M | CN¥9.58M | -CN¥9.43M | CN¥10.2M | CN¥195M |
| Capital expenditure | CN¥820M | CN¥343M | CN¥229M | CN¥210M | CN¥120M |
| Total debt | CN¥766M | CN¥261M | CN¥106M | CN¥20.0M | CN¥20.3M |
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 |
|---|---|---|---|---|---|---|
| Castech 002222.SZ | $3.28B | -46% | +40% | 32% | 56.7× | n/a |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Gooch & Housego GHH.L | n/a | +40% | n/a | n/a | n/a | n/a |
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 | 002222.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.8% | -23.4% | 9th highest of 21 |
| 6-month return | -46.5% | -15.1% | 3rd lowest of 20 |
| Distance from 52-week high | -62.7% | -45.7% | 2nd lowest of 21 |
| Revenue growth (TTM) | +40.4% | +18.9% | 7th highest of 21 |
| Operating margin | 31.9% | 9.6% | 2nd highest of 21 |
| Forward P/E | 56.7× | 30.9× | 6th most expensive of 18 |
| ROIC minus cost of capital | +4.0 pp | -1.7 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| 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 |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| 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% |
| 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% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |