Who are Shenzhen MTC's main competitors?

Named competitors: TCL Technology (000100.SZ), Hisense Visual Technology (600060.SS), San'an Optoelectronics (600703.SS). The cockpit's measured peer set (industry) also includes Hisense Home Appliances (0921.HK), Ecovacs Robotics (603486.SS), Seb (SK.PA), Beijing Roborock Technology (688169.SS), Hisense Visual Technology (600060.SS), Aditya Infotech (CPPLUS.NS).

Is Shenzhen MTC expensive compared with its peers?

On forward p/e it trades at 22.1× against a peer median of 17.6×, 7th most expensive of 21 in its peer set.

How has Shenzhen MTC stock performed?

Over six months to 6 Nov 2026 the shares returned -41.9% against +9.7% for the median peer; over one year +3.5%.

← CockpitCompetitor Analysis › 002429.SZ Shenzhen MTC Co., Ltd. Class AOpen in the cockpit ↗

Shenzhen MTC Co., Ltd. Class A002429.SZCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Electronics/Appliances

Maker of LED chips and packaging, TV/set-top-box contract manufacturing, and optical communication modules.

≈ A Chinese LED-and-TV-ODM conglomerateMomentum laggard 10

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.30B

US dollars, full cap

Free float

31%

of shares outstanding

$/day

$50.6M

20-day average traded

Fwd P/E

22.1×

forward earnings

ROIC−WACC

-2.0 pp

WACC 9.1%

Hurdle

n/a

no reverse DCF

Next earnings

167 days

22 Apr 2027

Close · CNYCN¥6.42

1D-2.9%

1W+6.6%

1M-18.1%

3M-14.5%

6M-41.9%

YTD-13.5%

1Y+3.5%

ATR %5.2%

52w lowhigh53.8% off high

What Shenzhen MTC does

Maker of LED chips and packaging, TV/set-top-box contract manufacturing, and optical communication modules.

In one line: A Chinese LED-and-TV-ODM conglomerate.

Products and services

LED chip packaging
TV/set-top box ODM manufacturing
Optical communication modules

Customers

TV brands (ODM contracts)
Telecom/optical equipment makers

Where it sits in the supply chain

Consumer Discretionary
Electronics/Appliances
LED packaging and TV/set-top-box…

What could go right

TV ODM order growth
Optical module demand from data centers

What could go wrong

LED/TV commodity pricing pressure
Customer concentration

Moat: none (scale). Contract-manufacturing and commodity LED packaging model with thin, competitive margins.

Headquarters: Shenzhen, China · Founded: 1996 · Employees: 12,538

Named competitors

Shenzhen MTC at a glance

Size Shenzhen MTC (002429.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $4.30B, the 595th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.42 on 6 Nov 2026.

Performance Over six months the shares fell 41.9%, against +9.7% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 3.4% over the last twelve months (peer median +6.6%); the operating margin is 7.2% (peer median 7.9%).

Valuation It trades at 22.1× forward earnings against a peer median of 17.6× (7th most expensive of 21).

Capital Return on invested capital runs 2.0 points below its cost of capital (9.1% WACC).

Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shenzhen MTC against the median of its 20 peers (local-currency closes).

Shenzhen MTC financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥18.7B	CN¥17.8B	CN¥20.3B	CN¥17.1B	CN¥15.0B
Revenue growth	—	-12%	+18%	+14%	—
Gross profit	CN¥3.82B	CN¥2.98B	CN¥3.28B	CN¥3.00B	CN¥2.42B
EBITDA	n/a	CN¥2.29B	CN¥2.76B	CN¥2.32B	CN¥1.83B
Net income	CN¥1.07B	CN¥1.30B	CN¥1.60B	CN¥1.59B	CN¥1.15B
Free cash flow	-CN¥451M	CN¥2.64B	-CN¥20.7M	CN¥1.59B	CN¥3.00B
Capital expenditure	CN¥1.60B	CN¥684M	CN¥782M	CN¥782M	CN¥1.95B
Total debt	CN¥7.68B	CN¥5.35B	CN¥7.69B	CN¥6.02B	CN¥7.16B

Quarterly statements and history in the cockpit →

Shenzhen MTC competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shenzhen MTC is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shenzhen MTC is the large dot.

Shenzhen MTC competitors and peer comparison

Head to head with its named competitors (002429.SZ vs 000100.SZ vs 600060.SS vs 600703.SS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shenzhen MTC 002429.SZ	$4.30B	-42%	+3%	7%	22.1×	n/a
TCL Technology 000100.SZ	$15.0B	+7%	+5%	0%	13.1×	-4.7%
Hisense Visual Technology 600060.SS	$5.31B	+8%	-2%	5%	12.8×	-3.4%
Sanan Optoelectronics 600703.SS	$6.87B	-33%	-22%	-7%	n/a	n/a

How Shenzhen MTC compares with its peers

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.

Shenzhen MTC against its 20 peers (data as of 6 Nov 2026)
Measure	002429.SZ	Peer median	Rank in peer set
1-month return	-18.1%	+3.9%	2nd lowest of 21
6-month return	-41.9%	+9.7%	2nd lowest of 21
Distance from 52-week high	-53.8%	-14.2%	2nd lowest of 21
Revenue growth (TTM)	+3.4%	+6.6%	9th lowest of 21
Operating margin	7.2%	7.9%	10th lowest of 21
Forward P/E	22.1×	17.6×	7th most expensive of 21
ROIC minus cost of capital	-2.0 pp	+4.3 pp	5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shenzhen MTC 002429.SZ	China	$4.30B	-42%	+3%	7%	22.1×	n/a	n/a
Hisense Home Appliances 0921.HK	Hong Kong	$4.26B	-24%	-6%	3%	9.3×	-13.5%	+11.9%
Ecovacs Robotics 603486.SS	China	$4.22B	-25%	+10%	7%	14.5×	16.2%	+21.4%
Seb SK.PA	France	$3.55B	+8%	-1%	8%	12.1×	-0.8%	+3.3%
Beijing Roborock Technology 688169.SS	China	$5.29B	+17%	+31%	8%	17.3×	4.6%	+32.8%
Hisense Visual Technology 600060.SS	China	$5.31B	+8%	-2%	5%	12.8×	-3.4%	+8.0%
Aditya Infotech CPPLUS.NS	India	$5.37B	+68%	+36%	13%	69.9×	n/a	n/a
Zhejiang Supor 002032.SZ	China	$5.37B	-4%	0%	10%	18.0×	-2.8%	+4.1%
Breville BRG.AX	Australia	$3.33B	+13%	+7%	11%	31.1×	26.4%	+8.8%
Coway 021240.KS	South Korea	$5.56B	+26%	+14%	18%	10.8×	n/a	n/a
Nikon 7731.T	Japan	$3.17B	-12%	-4%	-2%	45.4×	n/a	n/a
TCL Electronics 1070.HK	Hong Kong	$6.01B	+3%	+14%	3%	12.4×	-2.3%	+17.6%
Howden Joinery HWDN.L	United Kingdom	$6.12B	+16%	+4%	15%	16.6×	14.9%	+9.3%
Arashi Vision 688775.SS	China	$6.41B	-45%	+74%	-1%	135.2×	n/a	n/a
Joyoung 002242.SZ	China	$2.87B	+131%	-7%	-1%	159.7×	n/a	n/a
Kingclean Electric 603355.SS	China	$2.79B	+4%	-2%	8%	35.9×	4.4%	+9.4%
Casio Computer 6952.T	Japan	$2.74B	+24%	+12%	11%	15.9×	0.2%	+4.0%
IMAX IMAX	United States	$2.61B	+35%	+15%	23%	18.8×	12.2%	+24.5%
Electrolux ELUX-A.ST	Sweden	$2.50B	+11%	-3%	-1%	18.1×	1.2%	+2.6%
De'Longhi DLG.MI	Italy	$7.65B	+23%	+6%	13%	18.0×	14.2%	+10.1%
Cowell e 1415.HK	Hong Kong	$2.38B	-33%	+15%	7%	9.8×	-10.3%	+36.2%

Questions

Who are Shenzhen MTC's main competitors?: Named competitors: TCL Technology (000100.SZ), Hisense Visual Technology (600060.SS), San'an Optoelectronics (600703.SS). The cockpit's measured peer set (industry) also includes Hisense Home Appliances (0921.HK), Ecovacs Robotics (603486.SS), Seb (SK.PA), Beijing Roborock Technology (688169.SS), Hisense Visual Technology (600060.SS), Aditya Infotech (CPPLUS.NS).
Is Shenzhen MTC expensive compared with its peers?: On forward p/e it trades at 22.1× against a peer median of 17.6×, 7th most expensive of 21 in its peer set.
How has Shenzhen MTC stock performed?: Over six months to 6 Nov 2026 the shares returned -41.9% against +9.7% for the median peer; over one year +3.5%.