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Employees: 1,412
Size Hangzhou Star Shuaier Electric Appliance (002860.SZ) is a China Information Technology company (Semiconductors) with a market value of $810M, the 2726th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.01 on 6 Nov 2026.
Performance Over six months the shares gained 15.6%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue fell 13.7% over the last twelve months (peer median +28.3%); the operating margin is 7.4% (peer median -2.2%).
Valuation It trades at 24.6× forward earnings against a peer median of 26.2× (4th cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +1 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 2.0 points below its cost of capital (9.0% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.99B | CN¥2.15B | CN¥2.07B | CN¥2.87B | CN¥1.94B |
| Revenue growth | — | +4% | -28% | +48% | — |
| Gross profit | CN¥374M | CN¥357M | CN¥323M | CN¥409M | CN¥268M |
| EBITDA | n/a | CN¥270M | CN¥246M | CN¥277M | CN¥158M |
| Net income | CN¥156M | CN¥200M | CN¥144M | CN¥202M | CN¥119M |
| Free cash flow | CN¥128M | CN¥67.5M | -CN¥42.7M | CN¥243M | CN¥31.3M |
| Capital expenditure | CN¥48.6M | CN¥38.3M | CN¥81.5M | CN¥160M | CN¥122M |
| Total debt | CN¥1.15B | CN¥1.03B | CN¥1.41B | CN¥1.38B | CN¥638M |
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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 | 002860.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -17.0% | 6th highest of 21 |
| 6-month return | +15.6% | -25.6% | highest of 19 |
| Distance from 52-week high | -25.8% | -47.8% | 2nd highest of 21 |
| Revenue growth (TTM) | -13.7% | +28.3% | 4th lowest of 21 |
| Operating margin | 7.4% | -2.2% | 9th highest of 21 |
| Forward P/E | 24.6× | 26.2× | 4th cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 19.8% | 11.0% | 4th most demanding of 10 |
| Growth delivered (Del g) | +18.4% | +2.3% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +1.3 pp | +0.7 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | -2.0 pp | -6.6 pp | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 24.6× | 19.8% | +18.4% |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 13.3× | -11.7% | -1.9% |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 14.3× | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | n/a | n/a | n/a |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | n/a | n/a | n/a |
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | n/a | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | n/a | 3.3% | +2.6% |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | n/a | n/a | n/a |
| Infotmic 000670.SZ | China | $782M | -18% | +38% | 2% | n/a | n/a | n/a |
| PixArt Imaging 3227.TWO | Taiwan | $781M | -20% | +5% | 18% | 14.0× | 0.0% | +2.3% |
| Shenzhen Topray Solar 002218.SZ | China | $779M | -32% | -8% | -17% | n/a | 35.9% | -5.6% |
| SENASIC Electronics Technology 6675.HK | Hong Kong | $779M | n/a | +45% | -11% | n/a | n/a | n/a |
| Aeva Technologies AEVA | United States | $767M | -34% | +56% | -611% | n/a | n/a | n/a |
| Tech Semiconductors 300046.SZ | China | $766M | -33% | +27% | 8% | n/a | 45.7% | -1.6% |
| CEVA CEVA | United States | $763M | -27% | +9% | -10% | 39.7× | n/a | n/a |
| Taiwan Speciality Chemicals 4772.TWO | Taiwan | $862M | -38% | +164% | 40% | 26.2× | 11.0% | +36.7% |
| Myson Century 5314.TWO | Taiwan | $759M | -39% | +235% | 19% | n/a | 9.2% | +172.5% |
| Episil-Precision 3016.TW | Taiwan | $865M | -10% | +30% | 14% | 35.7× | 40.5% | -0.7% |
| Canadian Solar CSIQ | United States | $755M | -45% | -16% | -2% | n/a | n/a | n/a |
| Netac Technology 300042.SZ | China | $872M | -44% | +103% | 10% | 33.0× | n/a | n/a |
| VIA Technologies 2388.TW | Taiwan | $874M | -35% | -3% | -12% | n/a | 17.9% | +8.0% |