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Chinese precision manufacturer of metal/plastic casings, structural components and connectors for smartphones, wearables and EVs.
Chinese precision manufacturer of metal/plastic casings, structural components and connectors for smartphones, wearables and EVs.
Makes parts to customer drawings and is paid per piece, so earnings depend on winning a slot on each new phone or wearable model and keeping its machines busy; qualified status with a brand often covers a product generation. It has been moving into EV battery structural parts to diversify away from consumer electronics.
In one line: A smaller, casing-focused peer to Taiwan's Catcher Technology/Foxconn.
Moat: narrow (scale, customer qualification, process know-how). Precision CNC/stamping scale and qualified-supplier status with major consumer-electronics OEMs.
Headquarters: Dongguan, China · Founded: 2001 · Employees: 100,434
Size Lingyi iTech (Guangdong) (002600.SZ) is a China Information Technology company (Computer Processing Hardware) with a market value of $14.2B, the 166th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.63 on 6 Nov 2026.
Performance Over six months the shares fell 17.3%, against +7.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +32.0%); the operating margin is 5.5% (peer median 2.6%).
Valuation It trades at 30.9× forward earnings against a peer median of 13.2× (4th most expensive of 16).
Capital Return on invested capital runs 2.4 points above its cost of capital (7.6% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥54.5B | CN¥51.3B | CN¥44.1B | CN¥34.0B | CN¥34.3B |
| Revenue growth | — | +16% | +30% | -1% | — |
| Gross profit | CN¥11.3B | CN¥7.57B | CN¥6.48B | CN¥6.29B | CN¥6.52B |
| EBITDA | n/a | CN¥5.60B | CN¥4.77B | CN¥5.11B | CN¥4.96B |
| Net income | CN¥2.26B | CN¥2.29B | CN¥1.76B | CN¥2.05B | CN¥1.60B |
| Free cash flow | -CN¥612M | -CN¥351M | CN¥405M | CN¥3.08B | CN¥1.94B |
| Capital expenditure | CN¥5.07B | CN¥4.83B | CN¥3.62B | CN¥2.28B | CN¥2.22B |
| Total debt | CN¥17.7B | CN¥16.6B | CN¥12.7B | CN¥8.74B | CN¥10.2B |
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 |
|---|---|---|---|---|---|---|
| Lingyi iTech (Guangdong) 002600.SZ | $14.2B | -17% | +9% | 6% | 30.9× | n/a |
| Catcher Technology 2474.TW | $2.99B | -14% | -18% | 10% | 16.3× | 12.4% |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| BYD Electronic 0285.HK | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% |
| Luxshare Precision Industry 002475.SZ | $57.7B | -25% | +27% | 4% | 18.9× | 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 | 002600.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | -15.1% | 4th highest of 21 |
| 6-month return | -17.3% | +7.5% | 8th lowest of 20 |
| Distance from 52-week high | -38.2% | -37.3% | 11th highest of 21 |
| Revenue growth (TTM) | +8.7% | +32.0% | 5th lowest of 20 |
| Operating margin | 5.5% | 2.6% | 8th highest of 20 |
| Forward P/E | 30.9× | 13.2× | 4th most expensive of 16 |
| ROIC minus cost of capital | +2.4 pp | +1.1 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lingyi iTech (Guangdong) 002600.SZ | China | $14.2B | -17% | +9% | 6% | 30.9× | n/a | n/a |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | n/a | n/a | n/a |
| Advantech 2395.TW | Taiwan | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% | +6.8% |
| Zebra Technologies ZBRA | United States | $15.2B | +42% | +17% | 17% | 14.9× | 14.8% | +4.1% |
| GoerTek 002241.SZ | China | $13.1B | 0% | -3% | 2% | 25.5× | n/a | n/a |
| Wistron 3231.TW | Taiwan | $16.3B | +13% | +107% | 4% | 8.1× | n/a | n/a |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | China | $12.1B | -21% | +14% | 3% | 14.3× | 7.7% | +21.2% |
| Dawning Information Industry 603019.SS | China | $16.8B | -17% | +32% | 13% | 38.4× | 31.2% | +8.0% |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |
| Supermicro SMCI | United States | $18.9B | -19% | +156% | 9% | 4.8× | n/a | n/a |
| Asustek Computer 2357.TW | Taiwan | $19.3B | +55% | +32% | 6% | 11.4× | n/a | n/a |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| Lenovo 0992.HK | Hong Kong | $30.8B | +50% | +26% | 5% | 8.2× | -15.0% | +6.6% |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 11.2× | -2.7% | +7.3% |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |