Loading…
Chinese distributor and lessor of electronic test and measurement instruments, which also builds test systems.
Chinese distributor and lessor of electronic test and measurement instruments, which also builds test systems.
Earns resale income on test and measurement instruments it distributes for global brands, rental income from leasing instruments to customers who need them only briefly, and project income from integrating them into test systems. Testing work for new-energy vehicles is its newest growth area.
Moat: narrow (distribution, customer qualification). Authorised agency relationships with global instrument brands and a rental fleet, but brand owners hold the pricing power.
Headquarters: Beijing, China · Employees: 1,539
Size Beijing Oriental Jicheng (002819.SZ) is a China Information Technology company (Electronics Distributors) with a market value of $848M, the 2628th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.15 on 6 Nov 2026.
Performance Over six months the shares fell 27.4%, against +1.8% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 6.9% over the last twelve months (peer median +21.3%); the operating margin is -3.3% (peer median 3.5%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 0.4× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.8 points below its cost of capital (6.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.23B | CN¥3.22B | CN¥2.95B | CN¥3.00B | CN¥3.01B |
| Revenue growth | — | +9% | -2% | 0% | — |
| Gross profit | CN¥624M | CN¥511M | CN¥520M | CN¥500M | CN¥497M |
| EBITDA | n/a | -CN¥25.7M | -CN¥62.8M | -CN¥158M | CN¥70.2M |
| Net income | -CN¥736M | -CN¥146M | -CN¥209M | -CN¥85.1M | CN¥889M |
| Free cash flow | CN¥165M | CN¥211M | CN¥32.5M | -CN¥366M | -CN¥185M |
| Capital expenditure | CN¥12.5M | CN¥9.36M | CN¥18.9M | CN¥53.7M | CN¥60.8M |
| Total debt | CN¥302M | CN¥615M | CN¥494M | CN¥461M | CN¥475M |
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 | 002819.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -11.5% | 8th lowest of 21 |
| 6-month return | -27.4% | +1.8% | 2nd lowest of 21 |
| Distance from 52-week high | -39.9% | -33.5% | 6th lowest of 21 |
| Revenue growth (TTM) | +6.9% | +21.3% | 6th lowest of 21 |
| Operating margin | -3.3% | 3.5% | 2nd lowest of 21 |
| EV / Sales | 1.6× | 0.4× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 10.3% | 5.9% | 4th most demanding of 8 |
| Growth delivered (Del g) | +23.4% | +7.3% | highest of 8 |
| Hurdle (Req g minus delivered) | -13.1 pp | -0.1 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | -6.8 pp | +1.4 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Oriental Jicheng 002819.SZ | China | $848M | -27% | +7% | -3% | 1.6× | 10.3% | +23.4% |
| ScanSource SCSC | United States | $871M | -7% | +6% | 3% | 0.3× | 0.4% | +0.5% |
| Restar 3156.T | Japan | $877M | +60% | +23% | 4% | 0.4× | n/a | n/a |
| SFC 301558.SZ | China | $793M | -19% | -8% | 4% | 2.5× | 30.3% | -3.2% |
| Tomen Devices 2737.T | Japan | $926M | +41% | +157% | 4% | 0.3× | n/a | n/a |
| Climb Global Solutions CLMB | United States | $741M | +97% | +24% | 4% | 0.9× | 13.1% | +21.0% |
| Beijing Asiacom Information Technology 301085.SZ | China | $717M | -21% | +47% | -4% | 2.9× | n/a | n/a |
| Shanghai YCT Electronics 301099.SZ | China | $1.02B | -17% | +106% | 6% | 0.9× | n/a | n/a |
| Tokyo Electron Device 2760.T | Japan | $676M | 0% | +16% | 6% | 0.6× | 5.9% | +7.3% |
| Ryoyo Ryosan Holdings,Inc 167A.T | Japan | $676M | +9% | +7% | 3% | 0.3× | n/a | n/a |
| HNA Technology 600751.SS | China | $1.11B | -26% | +33% | 0% | 3.8× | n/a | n/a |
| Daiichi Jitsugyo 8059.T | Japan | $633M | -2% | -7% | 6% | 0.2× | -19.3% | +9.4% |
| IngDan 0400.HK | Hong Kong | $629M | +33% | +81% | 3% | 0.4× | n/a | n/a |
| Hakuto 7433.T | Japan | $598M | +34% | +8% | 4% | 0.7× | 3.8% | +1.8% |
| Weikeng Industrial 3033.TW | Taiwan | $596M | -3% | +19% | 3% | 0.3× | n/a | n/a |
| Shenzhen Best of Best 001298.SZ | China | $559M | -38% | +78% | 3% | 0.5× | n/a | n/a |
| Ryoden 8084.T | Japan | $558M | +45% | +13% | 3% | 0.3× | n/a | n/a |
| AB S.a. ABE.WA | Poland | $556M | +3% | +15% | 2% | 0.2× | n/a | n/a |
| S.A.S. Dragon 1184.HK | Hong Kong | $542M | +16% | +92% | 4% | 0.2× | n/a | n/a |
| Yubico YUBICO.ST | Sweden | $1.40B | +189% | -9% | 9% | 6.0× | 26.3% | +12.4% |
| Telling Telecommunication 000829.SZ | China | $1.41B | -21% | +37% | 0% | 0.2× | n/a | n/a |