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Employees: 3,213
Size Ocean's King Lighting Science & Technology (002724.SZ) is a China Industrials company (Electrical Products) with a market value of $1.39B, the 1760th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.97 on 6 Nov 2026.
Performance Over six months the shares gained 88.8%, against -29.9% for the median peer and -16.4% for the China market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue fell 2.8% over the last twelve months (peer median +14.0%); the operating margin is 6.2% (peer median 5.1%).
Valuation It trades at 5.0× enterprise value to sales against a peer median of 1.4× (most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +21 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 0.2 points above its cost of capital (5.5% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.68B | CN¥1.71B | CN¥1.69B | CN¥1.68B | CN¥1.72B |
| Revenue growth | — | +1% | +1% | -2% | — |
| Gross profit | CN¥959M | CN¥928M | CN¥962M | CN¥931M | CN¥924M |
| EBITDA | n/a | CN¥118M | -CN¥297M | CN¥11.4M | CN¥44.1M |
| Net income | CN¥118M | CN¥110M | -CN¥147M | CN¥43.7M | CN¥139M |
| Free cash flow | CN¥320M | CN¥173M | CN¥378M | CN¥173M | -CN¥23.2M |
| Capital expenditure | CN¥19.5M | CN¥35.1M | CN¥14.3M | CN¥5.89M | CN¥28.6M |
| Total debt | CN¥15.1M | CN¥74.5M | CN¥112M | CN¥108M | CN¥99.5M |
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.
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 | 002724.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +72.2% | -3.4% | highest of 21 |
| 6-month return | +88.8% | -29.9% | highest of 20 |
| Distance from 52-week high | -19.1% | -49.6% | highest of 21 |
| Revenue growth (TTM) | -2.8% | +14.0% | 4th lowest of 20 |
| Operating margin | 6.2% | 5.1% | 8th highest of 20 |
| EV / Sales | 5.0× | 1.4× | most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 21.3% | 6.7% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +0.3% | +14.4% | lowest of 11 |
| Hurdle (Req g minus delivered) | +21.0 pp | -11.1 pp | most demanding of 11 |
| ROIC minus cost of capital | +0.2 pp | -3.6 pp | 5th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ocean's King Lighting Science & Technology 002724.SZ | China | $1.39B | +89% | -3% | 6% | 5.0× | 21.3% | +0.3% |
| Allient ALNT | United States | $1.38B | +22% | +11% | 9% | 2.7× | 27.9% | +8.6% |
| Eaglerise Electric & Electronic (China) 002922.SZ | China | $1.39B | -44% | +14% | 6% | 2.0× | n/a | n/a |
| Shenzhen Woer Heat-Shrinkable Material 9981.HK | Hong Kong | $1.38B | -52% | +26% | 15% | 1.0× | -11.2% | +14.8% |
| Hubei Zhongyi Technology 301150.SZ | China | $1.38B | -40% | +48% | 3% | 1.3× | 14.6% | +38.1% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 1.1× | 8.3% | +8.6% |
| Vanchip (Tianjin) Technology 688153.SS | China | $1.41B | -31% | 0% | -8% | 3.3× | n/a | n/a |
| Amara Raja Energy & Mobility ARE&M.NS | India | $1.41B | -19% | +16% | 6% | 0.9× | n/a | n/a |
| Pylon Technologies 688063.SS | China | $1.41B | -50% | +101% | 1% | 1.4× | n/a | n/a |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 1.8× | 19.3% | +17.0% |
| Zhejiang Wanma 002276.SZ | China | $1.42B | -25% | +13% | 1% | 0.8× | 5.1% | +15.6% |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 3.4× | n/a | n/a |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 1.2× | n/a | n/a |
| Accelevation ACCV | United States | $1.33B | n/a | n/a | n/a | n/a | n/a | n/a |
| Wuxi Xinhongye Wire & Cable 301310.SZ | China | $1.32B | -4% | +47% | 3% | 2.2× | n/a | n/a |
| Suzhou Anjie Technology 002635.SZ | China | $1.30B | -19% | +21% | 3% | 1.6× | 16.2% | +10.4% |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 1.0× | -0.1% | +13.9% |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 1.2× | 2.1% | +133.1% |
| Camel 601311.SS | China | $1.29B | -26% | -4% | 2% | 0.6× | -0.5% | +11.2% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 3.2× | n/a | n/a |
| Hoymiles Power Electronics 688032.SS | China | $1.29B | -38% | +47% | -16% | 2.7× | n/a | n/a |