Loading…
Chinese maker of acoustic components such as speakers and microphones for smartphones and consumer electronics.
Chinese maker of acoustic components such as speakers and microphones for smartphones and consumer electronics.
Wins business model by model: a phone maker picks acoustic suppliers for each new device, so revenue depends on design wins and on how many units the phone sells. Smartphone acoustics is a mature, price-pressured market.
In one line: A smaller, China-based AAC Technologies peer.
Moat: narrow (process know-how, customer qualification). Miniaturised acoustic-component design qualified into smartphone OEM supply chains.
Headquarters: Shenzhen, China · Employees: 4,901
Size Shenzhen Fenda Technology (002681.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $1.19B, the 1978th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.42 on 6 Nov 2026.
Performance Over six months the shares fell 15.3%, against -24.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 7.1% over the last twelve months (peer median +11.6%); the operating margin is -0.6% (peer median 5.7%).
Valuation It trades at 3.0× enterprise value to sales against a peer median of 5.2× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +32 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.1 points below its cost of capital (5.2% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.95B | CN¥2.70B | CN¥3.11B | CN¥2.85B | CN¥2.85B |
| Revenue growth | — | -13% | +9% | 0% | — |
| Gross profit | CN¥631M | CN¥452M | CN¥603M | CN¥516M | CN¥507M |
| EBITDA | n/a | CN¥176M | CN¥325M | CN¥285M | CN¥180M |
| Net income | -CN¥78.7M | -CN¥83.1M | CN¥97.1M | CN¥44.7M | CN¥105M |
| Free cash flow | CN¥92.1M | CN¥155M | CN¥468M | CN¥24.9M | -CN¥125M |
| Capital expenditure | CN¥37.3M | CN¥53.3M | CN¥120M | CN¥213M | CN¥260M |
| Total debt | CN¥1.42B | CN¥1.40B | CN¥1.24B | CN¥1.42B | CN¥887M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Fenda Technology 002681.SZ | $1.19B | -15% | +7% | -1% | 3.0× | 27.1% |
| AAC Technologies 2018.HK | $5.60B | -4% | +16% | 8% | 1.3× | 1.2% |
| GoerTek 002241.SZ | $13.1B | 0% | -3% | 2% | 1.0× | 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 | 002681.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.4% | -24.3% | 3rd highest of 21 |
| 6-month return | -15.3% | -24.5% | 9th highest of 21 |
| Distance from 52-week high | -42.5% | -52.8% | 7th highest of 21 |
| Revenue growth (TTM) | +7.1% | +11.6% | 10th lowest of 21 |
| Operating margin | -0.6% | 5.7% | 6th lowest of 21 |
| EV / Sales | 3.0× | 5.2× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 27.1% | 17.5% | 4th most demanding of 10 |
| Growth delivered (Del g) | -5.2% | +8.4% | lowest of 10 |
| Hurdle (Req g minus delivered) | +32.3 pp | +5.5 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -2.1 pp | -4.4 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Fenda Technology 002681.SZ | China | $1.19B | -15% | +7% | -1% | 3.0× | 27.1% | -5.2% |
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | 1.2× | -4.4% | +5.0% |
| Fuman Microelectronics 300671.SZ | China | $1.21B | -22% | +71% | 3% | 6.4× | n/a | n/a |
| Aurora Optoelectronics 600666.SS | China | $1.22B | -44% | +44% | -15% | 13.6× | 35.2% | -1.9% |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 6.7× | n/a | n/a |
| WindSun Science & Technology 688663.SS | China | $1.23B | -14% | -9% | 3% | 4.2× | 48.5% | +18.9% |
| Maxvision Technology 002990.SZ | China | $1.26B | -39% | +36% | 14% | 6.6× | n/a | n/a |
| Shenzhen Hui Chuang Da Technology 300909.SZ | China | $1.26B | +4% | +3% | 2% | 5.6× | n/a | n/a |
| Grand Process Technology 3131.TWO | Taiwan | $1.27B | -51% | +38% | 22% | 5.5× | 13.0% | +21.2% |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | 42.7× | n/a | n/a |
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 2.9× | 10.7% | +3.9% |
| Shenzhen AV-Display 300939.SZ | China | $1.07B | +54% | +5% | 3% | 5.0× | n/a | n/a |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | 3.8× | n/a | n/a |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 2.2× | 17.5% | +27.2% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | 11.9× | 24.4% | +18.8% |
| I-Chiun Precision Industry 2486.TW | Taiwan | $1.05B | -53% | +25% | 7% | 4.6× | n/a | n/a |
| Suzhou K-Hiragawa Electronic Technology 603052.SS | China | $1.03B | -55% | +7% | -10% | 7.3× | n/a | n/a |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | 0.5× | n/a | n/a |
| LX Technology 2436.HK | Hong Kong | $1.02B | +37% | -4% | 4% | 3.4× | n/a | n/a |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 8.3× | 44.4% | +8.4% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 1.4× | 3.9% | +0.2% |