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Employees: 4,572
Size Shandong New Beiyang Information Technology (002376.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $794M, the 2783rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.67 on 6 Nov 2026.
Performance Over six months the shares fell 9.4%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +10.0%); the operating margin is -0.3% (peer median 3.4%).
Valuation It trades at 1.9× enterprise value to sales against a peer median of 2.4× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +21 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 4.3 points below its cost of capital (6.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.21B | CN¥2.78B | CN¥2.36B | CN¥2.18B | CN¥2.27B |
| Revenue growth | — | +17% | +9% | -4% | — |
| Gross profit | CN¥822M | CN¥566M | CN¥601M | CN¥531M | CN¥562M |
| EBITDA | n/a | CN¥166M | CN¥154M | CN¥127M | CN¥106M |
| Net income | CN¥93.9M | CN¥75.3M | CN¥48.5M | CN¥19.3M | -CN¥25.7M |
| Free cash flow | CN¥71.0M | CN¥36.2M | CN¥181M | CN¥351M | -CN¥21.1M |
| Capital expenditure | CN¥69.8M | CN¥53.3M | CN¥64.2M | CN¥56.3M | CN¥155M |
| Total debt | CN¥1.30B | CN¥942M | CN¥693M | CN¥1.41B | CN¥1.75B |
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.
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 | 002376.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.9% | -16.0% | 2nd highest of 21 |
| 6-month return | -9.4% | -16.1% | 7th highest of 21 |
| Distance from 52-week high | -20.2% | -38.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +20.6% | +10.0% | 7th highest of 21 |
| Operating margin | -0.3% | 3.4% | 6th lowest of 21 |
| EV / Sales | 1.9× | 2.4× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 23.8% | 3.8% | 3rd most demanding of 6 |
| Growth delivered (Del g) | +3.1% | +11.4% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | +20.7 pp | -16.1 pp | 3rd most demanding of 6 |
| ROIC minus cost of capital | -4.3 pp | -3.0 pp | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong New Beiyang Information Technology 002376.SZ | China | $794M | -9% | +21% | 0% | 1.9× | 23.8% | +3.1% |
| Shenzhen Rapoo Technology 002577.SZ | China | $754M | +4% | +11% | -2% | 10.1× | n/a | n/a |
| Primax Electronics 4915.TW | Taiwan | $744M | -29% | +9% | 4% | 0.3× | n/a | n/a |
| Fujian Furi Electronics 600203.SS | China | $736M | -32% | +35% | 0% | 0.5× | n/a | n/a |
| ShunSin Technology 6451.TW | Taiwan | $866M | -53% | +8% | 4% | 4.2× | n/a | n/a |
| Ai Holdings Corporation 3076.T | Japan | $885M | +10% | +28% | 13% | 1.0× | -6.9% | +13.0% |
| Urovo Technology 300531.SZ | China | $693M | -23% | +33% | 8% | 2.6× | n/a | n/a |
| Beijing Certificate Authority 300579.SZ | China | $912M | -15% | -11% | -11% | 6.6× | 29.0% | -0.4% |
| Muhlbauer Holding AG & Co. KGaA MUB.DE | Germany | $684M | +9% | +2% | 7% | 1.0× | -4.9% | +11.4% |
| Shenzhen Minde Electronics Technology 300656.SZ | China | $681M | -13% | -14% | -60% | 16.6× | n/a | n/a |
| Shenzhen Chengtian Weiye Technology Co 300689.SZ | China | $679M | -27% | +19% | 0% | 8.6× | n/a | n/a |
| Mirle Automation 2464.TW | Taiwan | $928M | +19% | -4% | 1% | 4.2× | n/a | n/a |
| Hitevision 002955.SZ | China | $928M | +2% | -2% | 3% | 1.6× | n/a | n/a |
| TES Touch Embedded Solutions (Xiamen) 003019.SZ | China | $668M | -28% | +24% | 8% | 1.7× | n/a | n/a |
| Hebei Huijin 300368.SZ | China | $667M | -17% | -18% | -124% | 41.8× | n/a | n/a |
| PC Partner PCT.SI | Singapore | $662M | +4% | +18% | 7% | 0.3× | n/a | n/a |
| Plover Bay Technologies 1523.HK | Hong Kong | $959M | -22% | +16% | 42% | 6.5× | 3.8% | +19.9% |
| Apacer Technology 8271.TW | Taiwan | $655M | -28% | +182% | 31% | 0.8× | n/a | n/a |
| AAEON Technology 6579.TW | Taiwan | $633M | -10% | +30% | 9% | 2.1× | n/a | n/a |
| Chengdu Jiafaantai Education Technology 300559.SZ | China | $602M | -26% | -26% | 0% | 10.8× | 35.7% | -6.0% |
| Hanwang Technology 002362.SZ | China | $596M | -12% | -2% | -13% | 2.2× | n/a | n/a |