Employees: 1,009
Size Hangzhou Weiguang Electronic (002801.SZ) is a China Industrials company (Electrical Products) with a market value of $884M, the 2553rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.66 on 6 Nov 2026.
Performance Over six months the shares fell 21.0%, against -31.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 10.6% over the last twelve months (peer median +7.7%); the operating margin is 16.8% (peer median 5.9%).
Valuation It trades at 13.4× forward earnings against a peer median of 15.1× (5th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.5 points above its cost of capital (8.4% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.65B | CN¥1.47B | CN¥1.40B | CN¥1.26B | CN¥1.20B |
| Revenue growth | — | +5% | +11% | +5% | — |
| Gross profit | CN¥450M | CN¥430M | CN¥441M | CN¥412M | CN¥394M |
| EBITDA | n/a | CN¥342M | CN¥355M | CN¥327M | CN¥330M |
| Net income | CN¥344M | CN¥364M | CN¥221M | CN¥121M | CN¥308M |
| Free cash flow | CN¥432M | CN¥197M | CN¥158M | CN¥136M | CN¥223M |
| Capital expenditure | CN¥55.9M | CN¥59.2M | CN¥154M | CN¥143M | CN¥67.2M |
| Total debt | CN¥54.2M | CN¥11.6M | CN¥46.0M | CN¥1.09M | CN¥16.6M |
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| Measure | 002801.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -12.9% | 4th highest of 21 |
| 6-month return | -21.0% | -31.7% | 8th highest of 20 |
| Distance from 52-week high | -33.8% | -48.9% | 6th highest of 21 |
| Revenue growth (TTM) | +10.6% | +7.7% | 10th highest of 21 |
| Operating margin | 16.8% | 5.9% | 4th highest of 21 |
| Forward P/E | 13.4× | 15.1× | 5th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 6.6% | 15.3% | 6th least demanding of 15 |
| Growth delivered (Del g) | +13.1% | +8.8% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -6.5 pp | +2.1 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +11.5 pp | -3.4 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Weiguang Electronic 002801.SZ | China | $884M | -21% | +11% | 17% | 13.4× | 6.6% | +13.1% |
| Jinlei Technology 300443.SZ | China | $876M | -40% | -14% | 13% | 17.6× | 5.6% | +11.1% |
| Beijing Jingwei Hirain Technologies 688326.SS | China | $896M | -40% | +2% | -5% | n/a | n/a | n/a |
| R&S Group Holding AG Pref RSGN.SW | Switzerland | $899M | -22% | +2% | 18% | 14.6× | -7.0% | +2.3% |
| Shenzhen Center Power Tech 002733.SZ | China | $901M | -43% | +16% | 5% | n/a | 16.9% | +6.4% |
| Array Technologies ARRY | United States | $902M | -32% | -16% | 0% | 6.5× | 57.9% | +8.0% |
| NITTO KOGYO 6651.T | Japan | $906M | -17% | +6% | 8% | 11.6× | -2.7% | +7.3% |
| CWB Automotive Electronics 605005.SS | China | $907M | -21% | 0% | 9% | n/a | 9.4% | +9.3% |
| Beijing SOJO Electric 300444.SZ | China | $912M | -52% | -11% | -4% | 9.1× | n/a | n/a |
| Longwell 6290.TWO | Taiwan | $854M | -43% | +13% | 15% | 15.1× | 13.7% | +9.0% |
| Tellhow Sci-Tech 600590.SS | China | $852M | -56% | -11% | 5% | 16.0× | n/a | n/a |
| Changgao Electric 002452.SZ | China | $917M | -10% | -9% | 19% | 8.2× | 2.6% | +1.3% |
| LS Eco Energy 229640.KS | South Korea | $848M | -56% | +31% | 7% | 21.7× | 5.4% | +10.6% |
| Kunshan GuoLi Electronic Technology 688103.SS | China | $924M | +7% | +34% | 5% | 53.9× | 37.7% | +26.6% |
| Changshu Fengfan Power Equipment 601700.SS | China | $924M | 0% | +31% | -9% | n/a | n/a | n/a |
| Fujian Nanping Sun Cable 002300.SZ | China | $924M | -9% | +9% | 0% | n/a | 19.6% | +8.7% |
| Shijiazhuang Kelin Electric 603050.SS | China | $844M | -36% | -11% | 2% | n/a | 23.2% | +20.2% |
| KBC 688598.SS | China | $842M | +9% | +47% | -114% | n/a | n/a | n/a |
| Shanghai Zhezhong 002346.SZ | China | $928M | -21% | +23% | 15% | n/a | 22.1% | +7.0% |
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | n/a | 21.3% | +29.1% |
| Daejoo Electronic Materials 078600.KS | South Korea | $835M | -53% | +42% | 8% | 44.6× | n/a | n/a |