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Chinese maker of optical transceivers and components used in telecom networks and data-center interconnects.
Chinese maker of optical transceivers and components used in telecom networks and data-center interconnects.
Sells optical modules and components in volume to telecom equipment makers and carriers, with growth shifting from long-running telecom orders toward data-center orders where speeds step up every couple of years, so a product has a short window to earn. It is state-controlled.
In one line: China's answer to Lumentum/Coherent in optical components.
Moat: narrow (process know-how, IP / patents, customer qualification). Optical-component manufacturing know-how and telecom-carrier qualification, in a competitive global optics supply chain.
Headquarters: Wuhan, China · Employees: 4,945
Size Accelink Technologies (002281.SZ) is a China Information Technology company (Electronic Components) with a market value of $10.8B, the 228th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥91.30 on 6 Nov 2026.
Performance Over six months the shares fell 36.7%, against -19.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 32.0% over the last twelve months (peer median +33.7%); the operating margin is 10.7% (peer median 15.5%).
Valuation It trades at 42.6× forward earnings against a peer median of 22.4× (5th most expensive of 20).
Capital Return on invested capital runs 1.3 points below its cost of capital (12.5% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.1B | CN¥11.9B | CN¥8.27B | CN¥6.05B | CN¥6.90B |
| Revenue growth | — | +44% | +37% | -12% | — |
| Gross profit | CN¥4.02B | CN¥2.61B | CN¥1.69B | CN¥1.20B | CN¥1.45B |
| EBITDA | n/a | CN¥1.37B | CN¥872M | CN¥729M | CN¥801M |
| Net income | CN¥1.51B | CN¥946M | CN¥661M | CN¥619M | CN¥608M |
| Free cash flow | -CN¥2.73B | CN¥826M | -CN¥1.31B | CN¥380M | CN¥211M |
| Capital expenditure | CN¥1.42B | CN¥825M | CN¥707M | CN¥670M | CN¥428M |
| Total debt | CN¥2.76B | CN¥2.78B | CN¥2.30B | CN¥1.61B | CN¥2.02B |
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 |
|---|---|---|---|---|---|---|
| Accelink Technologies 002281.SZ | $10.8B | -37% | +32% | 11% | 42.6× | n/a |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Zhongji Innolight 300308.SZ | $79.4B | -48% | +162% | 41% | 15.4× | 23.2% |
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 | 002281.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.9% | -35.9% | 9th lowest of 21 |
| 6-month return | -36.7% | -19.0% | 7th lowest of 21 |
| Distance from 52-week high | -67.3% | -50.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +32.0% | +33.7% | 9th lowest of 21 |
| Operating margin | 10.7% | 15.5% | 7th lowest of 21 |
| Forward P/E | 42.6× | 22.4× | 5th most expensive of 20 |
| ROIC minus cost of capital | -1.3 pp | +2.9 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Accelink Technologies 002281.SZ | China | $10.8B | -37% | +32% | 11% | 42.6× | n/a | n/a |
| Kinsus Interconnect Technology 3189.TW | Taiwan | $10.7B | +27% | +34% | 14% | 29.4× | 41.2% | +7.7% |
| Zhen Ding Technology Holding Lt 4958.TW | Taiwan | $12.8B | -12% | +5% | 9% | 18.4× | n/a | n/a |
| Gold Circuit Electronics 2368.TW | Taiwan | $12.9B | -45% | +68% | 26% | 14.5× | 14.2% | +20.7% |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Victory Giant Technology (HuiZhou) 2476.HK | Hong Kong | $13.6B | -67% | +45% | 26% | 12.4× | n/a | n/a |
| Shenzhen Kinwong Electronic 603228.SS | China | $8.38B | -23% | +33% | 12% | 22.6× | n/a | n/a |
| Taiwan Union Technology 6274.TWO | Taiwan | $8.21B | -26% | +87% | 23% | 13.9× | n/a | n/a |
| Shengyi Electronics 688183.SS | China | $7.95B | -44% | +46% | 21% | 19.4× | n/a | n/a |
| Avary Holding (Shenzhen) 002938.SZ | China | $16.2B | -35% | +8% | 10% | 22.4× | n/a | n/a |
| TTM Technologies TTMI | United States | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% | +6.7% |
| Nan Ya Printed Circuit Board 8046.TW | Taiwan | $17.1B | -12% | +34% | 12% | 26.1× | 58.7% | +0.8% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 25.9× | 46.0% | +6.6% |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 202.4× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | n/a | 53.4% | +36.1% |
| Largan Precision 3008.TW | Taiwan | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% | +1.8% |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 10.7× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 57.3× | n/a | n/a |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |