Chinese maker of LCD controller boards for TV brands and, under Seewo and MAXHUB, classroom and meeting-room displays.
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.
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
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥31.5B | CN¥24.3B | CN¥22.4B | CN¥20.1B | CN¥20.9B |
| Revenue growth | — | +9% | +11% | -4% | — |
| Gross profit | CN¥7.43B | CN¥4.70B | CN¥4.61B | CN¥4.88B | CN¥5.60B |
| EBITDA | n/a | CN¥1.09B | CN¥982M | CN¥1.15B | CN¥2.07B |
| Net income | CN¥2.62B | CN¥1.01B | CN¥971M | CN¥1.37B | CN¥2.07B |
| Free cash flow | CN¥1.24B | CN¥79.6M | CN¥414M | -CN¥138M | CN¥1.47B |
| Capital expenditure | CN¥1.00B | CN¥693M | CN¥1.01B | CN¥1.73B | CN¥966M |
| Total debt | CN¥5.58B | CN¥4.62B | CN¥3.57B | CN¥3.33B | CN¥2.67B |
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 | Forward P/E | Req 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% |
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 | 002841.SZ | Peer median | Rank 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 margin | 7.8% | 1.9% | 6th highest of 20 |
| Forward P/E | 11.2× | 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 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +9.8 pp | -0.5 pp | 3rd highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 11.2× | -2.7% | +7.3% |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| Lingyi iTech (Guangdong) 1688.HK | Hong Kong | $5.75B | n/a | +14% | 6% | 12.6× | n/a | n/a |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |