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Chinese maker of electronic controllers for home appliances, power tools and cars, plus phased-array transmit/receive chips.
Chinese maker of electronic controllers for home appliances, power tools and cars, plus phased-array transmit/receive chips.
Designs and makes the electronic control boards inside other brands' appliances, power tools and cars, and is paid per unit under supply relationships with a concentrated set of global brands. Appliances and power tools carry the business. A newer line sells phased-array chips, a separate high-frequency electronics market.
Moat: narrow (customer qualification, switching costs). Years of qualification with global appliance and tool brands make switching costly, but customer concentration limits pricing power.
Headquarters: Shenzhen, China · Founded: 2000 · Employees: 9,168
Size Shenzhen H&T Intelligent Control (002402.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $2.23B, the 1142nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.10 on 6 Nov 2026.
Performance Over six months the shares fell 49.1%, against -25.9% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median +15.2%); the operating margin is 5.7% (peer median 5.3%).
Valuation It trades at 41.3× forward earnings against a peer median of 27.1× (7th most expensive of 19).
Capital Return on invested capital runs 5.3 points below its cost of capital (11.7% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.1B | CN¥10.7B | CN¥9.63B | CN¥7.49B | CN¥5.95B |
| Revenue growth | — | +11% | +29% | +26% | — |
| Gross profit | CN¥2.29B | CN¥2.00B | CN¥1.64B | CN¥1.36B | CN¥1.14B |
| EBITDA | n/a | CN¥1.19B | CN¥675M | CN¥599M | CN¥656M |
| Net income | CN¥311M | CN¥663M | CN¥364M | CN¥331M | CN¥438M |
| Free cash flow | -CN¥401M | CN¥198M | -CN¥200M | -CN¥277M | -CN¥377M |
| Capital expenditure | CN¥380M | CN¥331M | CN¥831M | CN¥664M | CN¥376M |
| Total debt | CN¥4.08B | CN¥3.63B | CN¥3.62B | CN¥2.19B | CN¥1.64B |
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 |
|---|---|---|---|---|---|---|
| Shenzhen H&T Intelligent Control 002402.SZ | $2.23B | -49% | +2% | 6% | 41.3× | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | $6.55B | -38% | +29% | 1% | 60.9× | n/a |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% |
| Zhongshan Broad-Ocean Motor 002249.SZ | $2.73B | -21% | +1% | 6% | n/a | 7.7% |
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 | 002402.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -20.3% | 2nd highest of 21 |
| 6-month return | -49.1% | -25.9% | 3rd lowest of 21 |
| Distance from 52-week high | -72.9% | -54.8% | lowest of 21 |
| Revenue growth (TTM) | +1.8% | +15.2% | 3rd lowest of 21 |
| Operating margin | 5.7% | 5.3% | 11th highest of 21 |
| Forward P/E | 41.3× | 27.1× | 7th most expensive of 19 |
| ROIC minus cost of capital | -5.3 pp | -2.6 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Shenzhen SED Industry 000032.SZ | China | $2.03B | -36% | +5% | 1% | 42.9× | 7.0% | +8.9% |
| Plug Power PLUG | United States | $2.03B | -54% | +11% | -68% | n/a | n/a | n/a |
| Kitron KIT.OL | Norway | $2.02B | -20% | +54% | 10% | 22.0× | -0.6% | +16.9% |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Shenzhen Microgate Technology 300319.SZ | China | $1.86B | +12% | +11% | 8% | 30.5× | 22.5% | +10.3% |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| DBG Technology 300735.SZ | China | $1.81B | -28% | +17% | 2% | 26.0× | 3.5% | +31.6% |