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Wenzhou-based maker of electrical/electronic connectors (name-derived; specific product line not fully established).
Wenzhou-based maker of electrical/electronic connectors (name-derived; specific product line not fully established).
Moat: none
Headquarters: Wenzhou, China · Employees: 7,963
Size Wenzhou Yihua Connector (002897.SZ) is a China Information Technology company (Electronic Components) with a market value of $1.24B, the 1916th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.74 on 6 Nov 2026.
Performance Over six months the shares fell 25.6%, against -19.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 7.2% over the last twelve months (peer median +21.0%); the operating margin is 6.1% (peer median 8.1%).
Valuation It trades at 16.9× forward earnings against a peer median of 22.3× (3rd cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +14%, 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 0.2 points below its cost of capital (9.3% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.86B | CN¥6.39B | CN¥6.08B | CN¥5.05B | CN¥5.00B |
| Revenue growth | — | +5% | +21% | +1% | — |
| Gross profit | CN¥1.36B | CN¥1.21B | CN¥1.10B | CN¥844M | CN¥834M |
| EBITDA | n/a | CN¥725M | CN¥437M | CN¥398M | CN¥445M |
| Net income | CN¥199M | CN¥318M | CN¥124M | CN¥122M | CN¥240M |
| Free cash flow | CN¥67.1M | -CN¥218M | CN¥185M | -CN¥419M | CN¥319M |
| Capital expenditure | CN¥486M | CN¥496M | CN¥382M | CN¥233M | CN¥181M |
| Total debt | CN¥2.38B | CN¥2.45B | CN¥2.40B | CN¥2.64B | CN¥2.02B |
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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 | 002897.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.5% | -17.3% | 10th lowest of 21 |
| 6-month return | -25.6% | -19.9% | 6th lowest of 21 |
| Distance from 52-week high | -58.9% | -48.2% | 7th lowest of 21 |
| Revenue growth (TTM) | -7.2% | +21.0% | lowest of 21 |
| Operating margin | 6.1% | 8.1% | 8th lowest of 21 |
| Forward P/E | 16.9× | 22.3× | 3rd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 15.2% | 18.0% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +14.4% | +11.2% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +0.8 pp | +7.1 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | -0.2 pp | -1.8 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wenzhou Yihua Connector 002897.SZ | China | $1.24B | -26% | -7% | 6% | 16.9× | 15.2% | +14.4% |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | n/a | 18.0% | +8.1% |
| Dongguan YuTong Optical Technology 300790.SZ | China | $1.23B | -24% | +21% | 8% | 18.2× | n/a | n/a |
| Sunshine Global Circuits 300739.SZ | China | $1.22B | -19% | +36% | 7% | n/a | n/a | n/a |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | China | $1.28B | -30% | -2% | 8% | 25.5× | 24.4% | +1.1% |
| Bellwether Electronic 7861.TWO | Taiwan | $1.20B | -31% | +113% | 30% | n/a | 17.8% | +53.7% |
| Huizhou CEE Technology 002579.SZ | China | $1.29B | 0% | -2% | -2% | n/a | n/a | n/a |
| Bomin Electronics 603936.SS | China | $1.18B | -21% | +19% | 1% | n/a | n/a | n/a |
| Sihui Fuji Electronics Technology 300852.SZ | China | $1.18B | +8% | +48% | 13% | n/a | n/a | n/a |
| Guangdong Cellwise Microelectronics 688325.SS | China | $1.18B | -24% | +18% | 7% | n/a | n/a | n/a |
| Hunan Aihua 603989.SS | China | $1.33B | +12% | +17% | 8% | n/a | 16.9% | +9.6% |
| Shenzhen Edadoc Technology 301366.SZ | China | $1.13B | +18% | +51% | 12% | n/a | n/a | n/a |
| Browave 3163.TWO | Taiwan | $1.13B | -62% | +21% | 4% | 66.3× | n/a | n/a |
| NCAB NCAB.ST | Sweden | $1.37B | 0% | +25% | 11% | 30.1× | 19.2% | +12.1% |
| Cembre CMB.MI | Italy | $1.37B | -24% | +11% | 26% | 22.1× | 12.8% | +12.2% |
| Shenzhen United Winners Laser 688518.SS | China | $1.12B | -23% | +23% | 5% | 22.5× | 31.2% | +30.1% |
| Jiangxi Welgao Electronics 301251.SZ | China | $1.39B | +9% | +62% | 9% | n/a | n/a | n/a |
| Goode EIS (Suzhou) 301680.SZ | China | $1.09B | -16% | +68% | 18% | n/a | n/a | n/a |
| Nichidenbo 3090.TW | Taiwan | $1.09B | +15% | +28% | -5% | 12.0× | 57.2% | +11.2% |
| Korea Circuit 007810.KS | South Korea | $1.09B | -36% | +21% | 6% | 15.1× | n/a | n/a |
| Changzhou Aohong Electronics 605058.SS | China | $1.08B | +46% | +21% | 15% | n/a | 8.1% | +8.9% |