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Taizhou maker of thin-film optical components such as infrared cut filters, plus AR head-up displays and AR-glasses optics.
Taizhou maker of thin-film optical components such as infrared cut filters, plus AR head-up displays and AR-glasses optics.
Coats glass with precise optical layers; its mainstay is infrared cut filters used in phone and other camera modules, sold in volume to module makers and device brands. Newer lines are car head-up displays, optics for augmented-reality glasses and semiconductor optical parts, which reduce its dependence on smartphone cycles.
Moat: narrow (process know-how, customer qualification). Precision thin-film coating skills and long-standing approvals inside phone-camera supply chains.
Headquarters: Taizhou, China · Founded: 2002 · Employees: 8,721
Size Zhejiang Quartz Crystal Optoelectronic Technology (002273.SZ) is a China Information Technology company (Semiconductors) with a market value of $5.03B, the 499th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥23.84 on 6 Nov 2026.
Performance Over six months the shares fell 27.8%, against -26.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 19.1% over the last twelve months (peer median +26.2%); the operating margin is 17.8% (peer median 12.7%).
Valuation It trades at 24.9× forward earnings against a peer median of 28.5× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +0 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 3.1 points above its cost of capital (10.2% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.97B | CN¥6.90B | CN¥6.24B | CN¥5.06B | CN¥4.36B |
| Revenue growth | — | +11% | +23% | +16% | — |
| Gross profit | CN¥3.05B | CN¥2.00B | CN¥1.79B | CN¥1.28B | CN¥1.06B |
| EBITDA | n/a | CN¥1.74B | CN¥1.52B | CN¥887M | CN¥735M |
| Net income | CN¥1.23B | CN¥1.17B | CN¥1.03B | CN¥600M | CN¥576M |
| Free cash flow | CN¥249M | CN¥617M | CN¥888M | CN¥150M | -CN¥117M |
| Capital expenditure | CN¥1.21B | CN¥747M | CN¥924M | CN¥1.11B | CN¥983M |
| Total debt | CN¥936M | CN¥394M | CN¥455M | CN¥682M | CN¥454M |
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 Quartz Crystal Optoelectronic Technology 002273.SZ | $5.03B | -28% | +19% | 18% | 24.9× | 16.9% |
| Viavi Solutions VIAV | $7.00B | -44% | +40% | 11% | 14.0× | 32.7% |
| OFILM 002456.SZ | $3.10B | -35% | -17% | -1% | n/a | 27.0% |
| Sunny Optical 2382.HK | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% |
| Hoya 7741.T | $47.4B | -23% | +13% | 31% | 26.7× | 13.3% |
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 | 002273.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | -20.7% | 4th highest of 21 |
| 6-month return | -27.8% | -26.9% | 10th lowest of 20 |
| Distance from 52-week high | -46.2% | -51.7% | 8th highest of 21 |
| Revenue growth (TTM) | +19.1% | +26.2% | 8th lowest of 21 |
| Operating margin | 17.8% | 12.7% | 10th highest of 21 |
| Forward P/E | 24.9× | 28.5× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 16.9% | 30.9% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +16.5% | +8.5% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | +0.4 pp | +20.3 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +3.1 pp | -2.2 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ | China | $5.03B | -28% | +19% | 18% | 24.9× | 16.9% | +16.5% |
| EverProX Technologies 300548.SZ | China | $5.04B | -59% | +64% | 35% | 33.5× | 30.9% | +26.6% |
| Dosilicon 688110.SS | China | $5.13B | -7% | +375% | 54% | 27.4× | 23.6% | +3.3% |
| MaxOne Semiconductor (Suzhou) 688809.SS | China | $4.90B | +2% | +57% | 39% | n/a | n/a | n/a |
| Win Semiconductors 3105.TWO | Taiwan | $5.19B | -27% | +24% | 11% | 28.5× | 48.8% | -8.2% |
| CSI Solar 688472.SS | China | $4.87B | -37% | -36% | -2% | 48.8× | n/a | n/a |
| Allegro MicroSystems ALGM | United States | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% | +8.5% |
| Impinj PI | United States | $5.28B | +12% | +8% | -1% | 62.6× | 47.2% | +21.1% |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 52.7× | n/a | n/a |
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% | +3.8% |
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | n/a | 19.6% | +20.0% |
| Synaptics SYNA | United States | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% | -2.2% |
| Powertech Technology 6239.TW | Taiwan | $4.61B | -11% | +24% | 13% | 13.2× | n/a | n/a |
| Shanghai Fudan Microelectronics 688385.SS | China | $4.60B | -31% | +15% | 12% | 31.6× | 24.8% | +18.9% |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 8.4× | n/a | n/a |
| Macronix International 2337.TW | Taiwan | $4.52B | -53% | +127% | 38% | 1.8× | -7.5% | -6.2% |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |
| Maxscend Microelectronics 300782.SZ | China | $4.51B | -47% | -6% | -25% | n/a | n/a | n/a |
| MaxLinear MXL | United States | $4.48B | -51% | +56% | -1% | 12.1× | n/a | n/a |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | n/a | n/a | n/a |
| Chongqing Genori Technology 688797.SS | China | $4.45B | n/a | +37% | 29% | n/a | n/a | n/a |