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Chinese electronics manufacturer making flexible circuit boards (FPC), rigid PCBs, camera modules and LED/touch modules.
Chinese electronics manufacturer making flexible circuit boards (FPC), rigid PCBs, camera modules and LED/touch modules.
Flexible circuit boards, the thin bendable boards that wire parts inside phones, carry the business, and Apple buys them through MFLEX, the US company it bought in 2016. Orders come per product programme, so consumer-electronics launch cycles set the volume. It has been adding car electronics beside phones.
In one line: A China-based TTM Technologies/Fabrinet, broader in FPC.
Moat: narrow (scale, customer qualification, process know-how). Acquired US-based MFLEX for Apple-grade FPC qualification; scale across PCB/camera/LED segments.
Headquarters: Suzhou, China · Founded: 1998 · Employees: 39,245
Size Suzhou Dongshan Precision Manufacturing (002384.SZ) is a China Information Technology company (Electronic Components) with a market value of $26.9B, the 69th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥80.19 on 6 Nov 2026.
Performance Over six months the shares fell 57.1%, against -23.4% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 56.4% over the last twelve months (peer median +33.1%); the operating margin is 10.8% (peer median 12.9%).
Valuation It trades at 18.0× forward earnings against a peer median of 21.2× (8th cheapest of 21).
Capital Return on invested capital runs 5.4 points above its cost of capital (9.6% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥58.4B | CN¥40.1B | CN¥36.7B | CN¥33.5B | CN¥31.5B |
| Revenue growth | — | +9% | +9% | +7% | — |
| Gross profit | CN¥13.9B | CN¥5.29B | CN¥4.78B | CN¥4.74B | CN¥5.25B |
| EBITDA | n/a | CN¥4.56B | CN¥4.25B | CN¥4.31B | CN¥4.84B |
| Net income | CN¥5.45B | CN¥1.39B | CN¥1.09B | CN¥1.96B | CN¥2.37B |
| Free cash flow | -CN¥3.89B | CN¥943M | CN¥1.19B | CN¥1.84B | CN¥1.27B |
| Capital expenditure | CN¥9.82B | CN¥4.38B | CN¥3.79B | CN¥3.47B | CN¥3.38B |
| Total debt | CN¥27.4B | CN¥20.6B | CN¥14.8B | CN¥15.1B | CN¥15.8B |
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 |
|---|---|---|---|---|---|---|
| Suzhou Dongshan Precision Manufacturing 002384.SZ | $26.9B | -57% | +56% | 11% | 18.0× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
| Zhen Ding Technology Holding Lt 4958.TW | $12.8B | -12% | +5% | 9% | 18.4× | n/a |
| Career Technology (MFG.) 6153.TW | n/a | -25% | n/a | n/a | n/a | n/a |
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 | 002384.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -46.8% | -38.0% | lowest of 21 |
| 6-month return | -57.1% | -23.4% | 2nd lowest of 20 |
| Distance from 52-week high | -71.4% | -49.6% | lowest of 21 |
| Revenue growth (TTM) | +56.4% | +33.1% | 5th highest of 21 |
| Operating margin | 10.8% | 12.9% | 9th lowest of 21 |
| Forward P/E | 18.0× | 21.2× | 8th cheapest of 21 |
| ROIC minus cost of capital | +5.4 pp | +2.9 pp | 8th highest of 21 |
| Net debt / EBITDA | 4.2× | -0.9× | most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Dongshan Precision Manufacturing 002384.SZ | China | $26.9B | -57% | +56% | 11% | 18.0× | n/a | n/a |
| Celestica CLS.TO | Canada | $26.3B | -44% | +61% | 9% | 11.5× | 11.0% | +17.6% |
| Tdk 6762.T | Japan | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% | +11.1% |
| Ibiden 4062.T | Japan | $22.1B | +164% | +26% | 18% | 39.2× | 39.2% | +5.2% |
| Chaozhou Three-Circle (Group) 300408.SZ | China | $21.6B | -15% | +65% | 34% | 28.1× | 23.7% | +17.7% |
| Wus Printed Circuit (Kunshan) 002463.SZ | China | $21.2B | -29% | +61% | 28% | 18.2× | n/a | n/a |
| Unimicron Technology 3037.TW | Taiwan | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% | +8.3% |
| Shennan Circuit 002916.SZ | China | $20.4B | -36% | +51% | 18% | 22.6× | n/a | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | China | $18.3B | -62% | +38% | 26% | 17.2× | n/a | n/a |
| Largan Precision 3008.TW | Taiwan | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% | +1.8% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| Nan Ya Printed Circuit Board 8046.TW | Taiwan | $17.1B | -12% | +34% | 12% | 26.1× | 58.7% | +0.8% |
| Avary Holding (Shenzhen) 002938.SZ | China | $16.2B | -35% | +8% | 10% | 22.4× | n/a | n/a |
| Luxshare Precision Industry 2475.HK | Hong Kong | $55.2B | n/a | +33% | 4% | 15.7× | n/a | n/a |
| Gold Circuit Electronics 2368.TW | Taiwan | $12.9B | -45% | +68% | 26% | 14.5× | 14.2% | +20.7% |
| Zhen Ding Technology Holding Lt 4958.TW | Taiwan | $12.8B | -12% | +5% | 9% | 18.4× | n/a | n/a |
| 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% |
| 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% |
| Shenzhen Kinwong Electronic 603228.SS | China | $8.38B | -23% | +33% | 12% | 22.6× | n/a | n/a |