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Chinese maker of professional two-way radios (DMR/TETRA) for public safety, transport and industrial users.
Chinese maker of professional two-way radios (DMR/TETRA) for public safety, transport and industrial users.
Each customer typically buys handsets together with base stations, dispatch software and servicing, so one public-safety or transport contract can bring years of follow-on orders. A US trade-secret ruling in favour of Motorola Solutions and US restrictions on its equipment have limited its US sales, leaving China and other export markets.
In one line: China's Motorola Solutions in two-way radios.
Moat: narrow (installed base, IP / patents). Large installed base of radios/infrastructure among public-safety agencies raises switching costs.
Headquarters: Shenzhen, China · Founded: 1993 · Employees: 5,891
Size Hytera Communications (002583.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $2.17B, the 1176th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.94 on 6 Nov 2026.
Performance Over six months the shares fell 20.1%, against -29.3% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +10.9%); the operating margin is 7.4% (peer median 2.1%).
Valuation It trades at 19.4× forward earnings against a peer median of 21.0× (4th cheapest of 12).
Capital Return on invested capital runs 9.1 points above its cost of capital (6.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.93B | CN¥5.98B | CN¥6.11B | CN¥5.61B | CN¥5.62B |
| Revenue growth | — | -2% | +9% | 0% | — |
| Gross profit | CN¥3.21B | CN¥2.70B | CN¥2.52B | CN¥2.32B | CN¥2.14B |
| EBITDA | n/a | CN¥673M | CN¥885M | CN¥737M | CN¥577M |
| Net income | -CN¥242M | -CN¥258M | -CN¥3.48B | -CN¥388M | CN¥407M |
| Free cash flow | -CN¥292M | -CN¥333M | CN¥182M | CN¥321M | CN¥187M |
| Capital expenditure | CN¥465M | CN¥460M | CN¥442M | CN¥367M | CN¥439M |
| Total debt | CN¥2.76B | CN¥2.30B | CN¥2.43B | CN¥2.84B | CN¥2.64B |
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 |
|---|---|---|---|---|---|---|
| Hytera Communications 002583.SZ | $2.17B | -20% | +4% | 7% | 19.4× | n/a |
| Motorola Solutions MSI | $85.1B | +34% | +10% | 25% | 27.0× | 16.4% |
| JVCKENWOOD 6632.T | $694M | -34% | +2% | 7% | 7.0× | -17.0% |
| L3Harris LHX | $48.4B | -13% | +7% | 12% | 20.1× | 7.0% |
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 | 002583.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -11.9% | 7th highest of 21 |
| 6-month return | -20.1% | -29.3% | 7th highest of 19 |
| Distance from 52-week high | -36.2% | -53.0% | 8th highest of 21 |
| Revenue growth (TTM) | +3.8% | +10.9% | 9th lowest of 21 |
| Operating margin | 7.4% | 2.1% | 6th highest of 21 |
| Forward P/E | 19.4× | 21.0× | 4th cheapest of 12 |
| ROIC minus cost of capital | +9.1 pp | -3.7 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| Shanghai Longcheer Technology 603341.SS | China | $2.12B | +2% | +1% | 0% | 29.8× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |