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Chinese consumer-audio brand making speakers, headphones and soundbars, sold domestically and exported globally.
Chinese consumer-audio brand making speakers, headphones and soundbars, sold domestically and exported globally.
Sells under its own brands at mid-range prices, relying on online marketplaces at home and distributors and retailers overseas, with new launches and category extensions such as gaming speakers and earbuds refreshing the line each year. Overseas sales are a significant share.
In one line: A Chinese JBL/Harman Kardon for home and desktop audio.
Moat: narrow (brand, distribution). Long-standing consumer-audio brand with established retail and e-commerce distribution.
Headquarters: Fuzhou, China · Founded: 1996 · Employees: 2,665
Size Edifier Technology (002351.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $1.60B, the 1546th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.05 on 6 Nov 2026.
Performance Over six months the shares gained 8.5%, against -15.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +5.8%); the operating margin is 18.3% (peer median 6.5%).
Valuation It trades at 22.3× forward earnings against a peer median of 18.0× (8th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 41.1 points above its cost of capital (6.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.82B | CN¥2.78B | CN¥2.93B | CN¥2.68B | CN¥2.20B |
| Revenue growth | — | -5% | +9% | +22% | — |
| Gross profit | CN¥1.20B | CN¥1.11B | CN¥1.16B | CN¥1.01B | CN¥710M |
| EBITDA | n/a | CN¥526M | CN¥559M | CN¥449M | CN¥293M |
| Net income | CN¥471M | CN¥431M | CN¥449M | CN¥420M | CN¥247M |
| Free cash flow | CN¥518M | CN¥408M | CN¥440M | CN¥507M | CN¥408M |
| Capital expenditure | CN¥10.7M | CN¥8.34M | CN¥7.62M | CN¥14.0M | CN¥27.7M |
| Total debt | CN¥9.06M | CN¥11.2M | CN¥11.9M | CN¥13.3M | CN¥23.0M |
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 |
|---|---|---|---|---|---|---|
| Edifier Technology 002351.SZ | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% |
| Logitech International LOGN.SW | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% |
| Xiaomi-w 1810.HK | $99.0B | -2% | +6% | 3% | 27.8× | 24.3% |
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 | 002351.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +24.1% | -3.4% | 2nd highest of 21 |
| 6-month return | +8.5% | -15.1% | 4th highest of 21 |
| Distance from 52-week high | -10.9% | -38.0% | highest of 21 |
| Revenue growth (TTM) | -0.9% | +5.8% | 5th lowest of 21 |
| Operating margin | 18.3% | 6.5% | 3rd highest of 21 |
| Forward P/E | 22.3× | 18.0× | 8th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 3.0% | 5.9% | 6th least demanding of 14 |
| Growth delivered (Del g) | +7.6% | +6.4% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -4.6 pp | -1.4 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +41.1 pp | +2.0 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Edifier Technology 002351.SZ | China | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% | +7.6% |
| Sichuan Jiuzhou Electric 000801.SZ | China | $1.58B | -19% | +20% | 3% | 45.1× | n/a | n/a |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Shenzhen Newway Photomask Making 688401.SS | China | $1.45B | -27% | +18% | 26% | 17.9× | 23.6% | +23.7% |
| OneRobotics (Shenzhen) 6600.HK | Hong Kong | $1.41B | -55% | +48% | -9% | n/a | n/a | n/a |
| Gettop Acoustic 002655.SZ | China | $1.39B | -19% | +11% | 2% | n/a | n/a | n/a |
| Tamron 7740.T | Japan | $1.39B | +22% | +2% | 17% | 15.3× | 5.9% | +12.0% |
| Guangdong Xinbao Electrical Appliances 002705.SZ | China | $1.38B | -25% | -4% | 4% | 24.3× | -2.7% | +4.2% |
| Guangdong TCL Smart Home Appliances 002668.SZ | China | $1.37B | -12% | +4% | 12% | 8.4× | -18.7% | +17.4% |
| Sonos SONO | United States | $1.94B | +9% | +6% | 6% | 149.2× | 17.3% | +1.7% |
| Spectrum Brands SPB | United States | $1.99B | +6% | +1% | 9% | 17.1× | -2.5% | +1.4% |
| Whirlpool WHR | United States | $2.01B | -32% | -6% | 2% | n/a | n/a | n/a |
| Actions Technology 688049.SS | China | $1.25B | -1% | +26% | 17% | 30.3× | n/a | n/a |
| Hangzhou Robam Appliances 002508.SZ | China | $2.28B | -10% | -18% | 8% | 14.4× | 6.3% | +4.5% |
| Whirlpool Of India WHIRLPOOL.NS | India | $1.11B | -16% | +6% | 2% | 29.3× | 47.2% | +6.4% |
| Shanghai Flyco Electrical Appliance 603868.SS | China | $2.34B | +4% | +1% | 17% | 24.2× | 4.6% | +1.5% |
| Theon International THEON.AS | Netherlands | $2.36B | -10% | +32% | 23% | 17.1× | 18.7% | +52.2% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |
| Hangzhou Heatwell Electric Heating Technology 603075.SS | China | $1.05B | -26% | +11% | 15% | n/a | 9.0% | +7.9% |
| Ningbo Fujia Industrial 603219.SS | China | $1.03B | -26% | +3% | 4% | 55.6× | n/a | n/a |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |