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← CockpitCompetitor Analysis › 002841.SZ Guangzhou Shiyuan Electronic Technology Co. Ltd. Class AOpen in the cockpit ↗

Guangzhou Shiyuan Electronic Technology Co. Ltd. Class A002841.SZCompetitor analysis, valuation and peers

China · CNY·Information Technology›Computer Processing Hardware

Chinese maker of LCD controller boards for TV brands and, under Seewo and MAXHUB, classroom and meeting-room displays.

≈ China's answer to Promethean/ViewSonic in interactive displaysMomentum leader 80
Mkt cap
$4.37B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$64.6M
20-day average traded
Fwd P/E
11.2×
forward earnings
ROIC−WACC
+9.8 pp
WACC 6.7%
Hurdle
-10 pp
Req g minus delivered
Next earnings
174 days
29 Apr 2027
Close · CNYCN¥41.69
1D-4.0%
1W+3.9%
1M-6.2%
3M-8.7%
6M+12.9%
YTD+5.2%
1Y+0.6%
ATR %5.6%
52w lowhigh25.5% off high

What Guangzhou Shiyuan Electronic Technology does

Chinese maker of LCD controller boards for TV brands and, under Seewo and MAXHUB, classroom and meeting-room displays.

Most large TV brands buy its controller boards, the circuits that drive a panel, while Seewo classroom panels sell through dealers and school tenders and MAXHUB panels go to offices worldwide. Overseas MAXHUB sales, supported by partner factories in Vietnam, Indonesia and India, are the newer growth leg, and a Hong Kong listing has been filed.

In one line: China's answer to Promethean/ViewSonic in interactive displays.

Products and services

  • LCD controller boards for TVs
  • Seewo education interactive panels
  • MAXHUB meeting-room panels
  • Home-appliance control parts, medical devices, robots

Customers

  • TV brands (controller boards)
  • Schools and education departments
  • Corporate offices
  • Dealers and system integrators

Where it sits in the supply chain

  • Electronics hardware
  • Display control boards and interactive…
  • LCD controller boards, Seewo and MAXHUB…

What could go right

  • Overseas MAXHUB expansion
  • Hybrid-work and smart-classroom spending

What could go wrong

  • Competitive, commoditizing display hardware market
  • Capex-cycle dependent institutional buyers

Moat: narrow (brand, distribution, scale). Seewo and MAXHUB brands plus dealer reach; scale in LCD controller boards sold to most big TV brands.

Headquarters: Guangzhou, China · Founded: 2005 · Employees: 6,724

Named competitors

Guangzhou Shiyuan Electronic Technology at a glance

Size Guangzhou Shiyuan Electronic Technology (002841.SZ) is a China Information Technology company (Computer Processing Hardware) with a market value of $4.37B, the 586th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥41.69 on 6 Nov 2026.

Performance Over six months the shares gained 12.9%, against -18.5% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 19 in its peer set.

Growth Revenue grew 35.1% over the last twelve months (peer median +14.3%); the operating margin is 7.8% (peer median 1.9%).

Valuation It trades at 11.2× forward earnings against a peer median of 13.7× (3rd cheapest of 16).

Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -10 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 9.8 points above its cost of capital (6.7% WACC).

Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026002841.SZ 112Peer median 82
Six months, rebased to 100: Guangzhou Shiyuan Electronic Technology against the median of its 20 peers (local-currency closes).

Guangzhou Shiyuan Electronic Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥31.5BCN¥24.3BCN¥22.4BCN¥20.1BCN¥20.9B
Revenue growth—+9%+11%-4%—
Gross profitCN¥7.43BCN¥4.70BCN¥4.61BCN¥4.88BCN¥5.60B
EBITDAn/aCN¥1.09BCN¥982MCN¥1.15BCN¥2.07B
Net incomeCN¥2.62BCN¥1.01BCN¥971MCN¥1.37BCN¥2.07B
Free cash flowCN¥1.24BCN¥79.6MCN¥414M-CN¥138MCN¥1.47B
Capital expenditureCN¥1.00BCN¥693MCN¥1.01BCN¥1.73BCN¥966M
Total debtCN¥5.58BCN¥4.62BCN¥3.57BCN¥3.33BCN¥2.67B

Quarterly statements and history in the cockpit →

Guangzhou Shiyuan Electronic Technology competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%2324QBTSRGTI000066NATL2356V033706688781235349383007733005000682INFQ688100300857600728002841.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Guangzhou Shiyuan Electronic Technology is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%25×50×75×2324000066NATL23561688V0337062353688100300857600728002841.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Guangzhou Shiyuan Electronic Technology is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%-10%0%10%20%NATLV033007733005000682688100600728002841.SZGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Guangzhou Shiyuan Electronic Technology is the large dot.

Guangzhou Shiyuan Electronic Technology competitors and peer comparison

Head to head with its named competitors (002841.SZ vs 600060.SS vs 002415.SZ vs 002230.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Guangzhou Shiyuan Electronic Technology 002841.SZ$4.37B+13%+35%8%11.2×-2.7%
Hisense Visual Technology 600060.SS$5.31B+8%-2%5%12.8×-3.4%
Hangzhou Hikvision Digital Technology 002415.SZ$49.1B-3%+8%19%17.5×2.6%
iflytek 002230.SZ$13.2B-20%+11%-4%106.3×n/a
BOE Technology 000725.SZ$25.3B+9%-4%2%21.4×-3.9%
TCL Electronics 1070.HK$6.01B+3%+14%3%12.4×-2.3%
Sharp 6753.T$2.18B-5%-12%2%12.0×1.2%

How Guangzhou Shiyuan Electronic Technology compares with its peers

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.

Guangzhou Shiyuan Electronic Technology against its 20 peers (data as of 6 Nov 2026)
Measure002841.SZPeer medianRank in peer set
1-month return-6.2%-8.6%10th highest of 21
6-month return+12.9%-18.5%4th highest of 19
Distance from 52-week high-25.5%-37.2%5th highest of 21
Revenue growth (TTM)+35.1%+14.3%4th highest of 19
Operating margin7.8%1.9%6th highest of 20
Forward P/E11.2×13.7×3rd cheapest of 16
Growth the price implies (Req g, 7 yrs)-2.7%8.9%3rd least demanding of 8
Growth delivered (Del g)+7.3%+7.2%4th highest of 8
Hurdle (Req g minus delivered)-10.1 pp+1.5 pp3rd least demanding of 8
ROIC minus cost of capital+9.8 pp-0.5 pp3rd highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Guangzhou Shiyuan Electronic Technology 002841.SZChina$4.37B+13%+35%8%11.2×-2.7%+7.3%
Compal Electronics 2324.TWTaiwan$4.15B+8%-4%1%12.9×n/an/a
QBTS QBTSUnited States$4.05B-25%-44%-1,373%n/an/an/a
RGTI RGTIUnited States$3.92B-38%+68%-728%n/an/an/a
China Greatwall Technology 000066.SZChina$5.40B-42%+28%-1%81.7×n/an/a
NCR Atleos NATLUnited States$3.49B+7%+2%14%9.6×-9.2%+1.8%
Inventec 2356.TWTaiwan$5.71B+12%+16%2%13.2×n/an/a
Lingyi iTech (Guangdong) 1688.HKHong Kong$5.75Bn/a+14%6%12.6×n/an/a
Venture V03.SISingapore$3.22B-21%+1%10%16.4×-1.3%-3.4%
MiTAC 3706.TWTaiwan$2.98B-16%+44%4%8.8×n/an/a
SeeYA Technology 688781.SSChina$7.11B+17%n/an/an/an/an/a
Acer 2353.TWTaiwan$2.63B+4%+15%2%16.4×n/an/a
Pegatron 4938.TWTaiwan$7.52B+14%-6%1%13.1×n/an/a
Lakala Payment 300773.SZChina$2.32B-25%+17%4%17.4×14.2%0.0%
Getac 3005.TWTaiwan$2.20B+19%+9%15%12.1×-7.0%+7.2%
Dongfang Electronics 000682.SZChina$2.06B-21%+14%7%13.7×8.9%+17.4%
Infleqtion INFQUnited States$2.00B-27%n/a-315%n/an/an/a
Willfar Information Technology 688100.SSChina$1.98B-28%-9%20%22.4×17.0%+15.5%
Quantinuum QNTUnited States$9.89Bn/a+35%-644%n/an/an/a
Sharetronic Data Technology 300857.SZChina$11.4B-40%+127%21%39.5×n/an/a
PCI Technology 600728.SSChina$1.58B-7%+11%0%55.3×23.0%+18.8%

Questions

Who are Guangzhou Shiyuan Electronic Technology's main competitors?
Named competitors: Hisense Visual Display (600060.SS), Hikvision (002415.SZ), iFlytek (002230.SZ), BOE Technology (000725.SZ), TCL Electronics (1070.HK), Sharp (6753.T). The cockpit's measured peer set (industry) also includes Compal Electronics (2324.TW), QBTS (QBTS), RGTI (RGTI), China Greatwall Technology (000066.SZ), NCR Atleos (NATL), Inventec (2356.TW).
Is Guangzhou Shiyuan Electronic Technology expensive compared with its peers?
On forward p/e it trades at 11.2× against a peer median of 13.7×, 3rd cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
How has Guangzhou Shiyuan Electronic Technology stock performed?
Over six months to 6 Nov 2026 the shares returned +12.9% against -18.5% for the median peer; over one year +0.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.