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Chinese maker of cellular and IoT wireless communication modules for smart devices, vehicles and industrial equipment.
Chinese maker of cellular and IoT wireless communication modules for smart devices, vehicles and industrial equipment.
In one line: A Chinese IoT-module maker, akin to a small Sierra Wireless.
Moat: narrow (scale, switching costs). Module design-wins get embedded into customer products, creating multi-year switching costs.
Headquarters: Shenzhen, China · Employees: 983
Size MeiG Smart Technology (002881.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.92B, the 1306th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.34 on 6 Nov 2026.
Performance Over six months the shares gained 8.4%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue grew 24.3% over the last twelve months (peer median +10.9%); the operating margin is 7.1% (peer median 3.8%).
Valuation It trades at 49.5× forward earnings against a peer median of 19.9× (3rd most expensive of 13).
Capital Return on invested capital runs 1.6 points above its cost of capital (8.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.45B | CN¥3.74B | CN¥2.94B | CN¥2.14B | CN¥2.30B |
| Revenue growth | — | +27% | +37% | -7% | — |
| Gross profit | CN¥807M | CN¥492M | CN¥466M | CN¥378M | CN¥388M |
| EBITDA | n/a | CN¥198M | CN¥216M | CN¥95.8M | CN¥152M |
| Net income | CN¥216M | CN¥143M | CN¥136M | CN¥64.5M | CN¥128M |
| Free cash flow | -CN¥292M | -CN¥25.6M | -CN¥157M | -CN¥120M | -CN¥29.7M |
| Capital expenditure | CN¥59.3M | CN¥46.1M | CN¥27.5M | CN¥88.4M | CN¥61.5M |
| Total debt | CN¥759M | CN¥436M | CN¥400M | CN¥67.4M | CN¥471M |
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 |
|---|---|---|---|---|---|---|
| MeiG Smart Technology 002881.SZ | $1.92B | +8% | +24% | 7% | 49.5× | n/a |
| Fibocom Wireless 300638.SZ | $1.88B | -10% | +3% | 2% | 62.9× | n/a |
| Quectel Wireless Solutions 603236.SS | $4.71B | +50% | +30% | 5% | 21.1× | n/a |
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 | 002881.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.9% | -11.5% | 3rd highest of 21 |
| 6-month return | +8.4% | -28.2% | highest of 19 |
| Distance from 52-week high | -21.5% | -51.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +24.3% | +10.9% | 5th highest of 21 |
| Operating margin | 7.1% | 3.8% | 8th highest of 21 |
| Forward P/E | 49.5× | 19.9× | 3rd most expensive of 13 |
| ROIC minus cost of capital | +1.6 pp | -2.8 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Shanghai Longcheer Technology 9611.HK | Hong Kong | $1.97B | -14% | +7% | 0% | 12.7× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 13.0× | 7.4% | +11.3% |