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One of the world's two largest makers of video surveillance cameras and systems, alongside Hikvision.
One of the world's two largest makers of video surveillance cameras and systems, alongside Hikvision.
Sells cameras and recorders mostly through distributors and system integrators, and wins project work from public-sector buyers. It has been on the US Entity List since 2019 and is barred from US federal purchasing, which limits sales to US government-linked buyers.
In one line: A Chinese Axis Communications/Motorola Solutions video-security peer.
Moat: narrow (scale, installed base, distribution). Global scale and an installed base of deployed systems support recurring software/service revenue.
Headquarters: Hangzhou, China · Founded: 2001 · Employees: 22,131
Size Zhejiang Dahua Technology (002236.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $7.04B, the 355th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.54 on 6 Nov 2026.
Performance Over six months the shares fell 21.4%, against -30.2% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +14.9%); the operating margin is 7.3% (peer median 2.8%).
Valuation It trades at 12.3× forward earnings against a peer median of 21.5× (4th cheapest of 18).
Capital Return on invested capital runs 3.1 points below its cost of capital (8.7% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥34.9B | CN¥32.6B | CN¥32.0B | CN¥32.0B | CN¥30.4B |
| Revenue growth | — | +2% | 0% | +5% | — |
| Gross profit | CN¥14.5B | CN¥12.6B | CN¥11.9B | CN¥12.8B | CN¥11.0B |
| EBITDA | n/a | CN¥2.69B | CN¥2.03B | CN¥2.99B | CN¥1.27B |
| Net income | CN¥3.23B | CN¥3.86B | CN¥2.91B | CN¥7.36B | CN¥2.32B |
| Free cash flow | -CN¥316M | CN¥3.28B | CN¥1.83B | CN¥3.18B | -CN¥217M |
| Capital expenditure | CN¥552M | CN¥673M | CN¥908M | CN¥1.45B | CN¥1.30B |
| Total debt | CN¥8.68B | CN¥4.16B | CN¥5.33B | CN¥6.02B | CN¥8.50B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Dahua Technology 002236.SZ | $7.04B | -21% | +7% | 7% | 12.3× | n/a |
| Hangzhou Hikvision Digital Technology 002415.SZ | $49.1B | -3% | +8% | 19% | 17.5× | 2.6% |
| Motorola Solutions MSI | $85.1B | +34% | +10% | 25% | 27.0× | 16.4% |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
| Canon 7751.T | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% |
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 | 002236.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -7.6% | 7th highest of 20 |
| 6-month return | -21.4% | -30.2% | 6th highest of 20 |
| Distance from 52-week high | -33.8% | -46.4% | 7th highest of 21 |
| Revenue growth (TTM) | +7.0% | +14.9% | 10th lowest of 21 |
| Operating margin | 7.3% | 2.8% | 7th highest of 21 |
| Forward P/E | 12.3× | 21.5× | 4th cheapest of 18 |
| ROIC minus cost of capital | -3.1 pp | -2.2 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Dahua Technology 002236.SZ | China | $7.04B | -21% | +7% | 7% | 12.3× | n/a | n/a |
| Yealink Network Technology 300628.SZ | China | $7.50B | +8% | +17% | 46% | 16.2× | 4.3% | +17.0% |
| Shenzhen Sunway Communication 300136.SZ | China | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% | +6.9% |
| ViaSat VSAT | United States | $8.81B | -9% | +1% | 2% | n/a | 42.8% | +15.5% |
| Fiberhome Telecommunication Technologies 600498.SS | China | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% | +3.4% |
| China Spacesat 600118.SS | China | $9.75B | -46% | +6% | 1% | 531.4× | n/a | n/a |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| Shenzhen Transsion 2636.HK | Hong Kong | $11.3B | n/a | +4% | 5% | 10.6× | n/a | n/a |
| Huaqin 3296.HK | Hong Kong | $12.7B | -30% | +35% | 2% | 12.3× | n/a | n/a |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| TCL Technology 000100.SZ | China | $15.0B | +7% | +5% | 0% | 13.1× | -4.7% | +19.1% |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| ZTE 000063.SZ | China | $19.0B | -23% | +14% | 1% | 24.2× | 19.0% | +5.6% |
| ZTE 0763.HK | Hong Kong | $19.0B | -27% | +20% | 1% | 14.6× | 17.5% | +4.9% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |