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Suzhou-based electronic-components maker; specific product line not established from available knowledge.
Suzhou-based electronic-components maker; specific product line not established from available knowledge.
Moat: none
Headquarters: Suzhou, China · Employees: 2,365
Size Suzhou Hengmingda Electronic Technology (002947.SZ) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $1.78B, the 1402nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥46.59 on 6 Nov 2026.
Performance Over six months the shares fell 42.7%, against -17.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +4.2%); the operating margin is 18.4% (peer median 6.5%).
Valuation It trades at 15.6× forward earnings against a peer median of 17.1× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +35%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 21.2 points above its cost of capital (9.1% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.09B | CN¥2.84B | CN¥2.48B | CN¥1.81B | CN¥1.54B |
| Revenue growth | — | +15% | +37% | +17% | — |
| Gross profit | CN¥1.07B | CN¥876M | CN¥785M | CN¥526M | CN¥451M |
| EBITDA | n/a | CN¥681M | CN¥533M | CN¥360M | CN¥252M |
| Net income | CN¥474M | CN¥532M | CN¥457M | CN¥281M | CN¥193M |
| Free cash flow | CN¥490M | CN¥628M | CN¥183M | CN¥62.6M | CN¥6.64M |
| Capital expenditure | CN¥138M | CN¥72.2M | CN¥97.2M | CN¥216M | CN¥112M |
| Total debt | CN¥430M | CN¥591M | CN¥221M | CN¥234M | CN¥121M |
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.
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 | 002947.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.0% | -6.6% | 8th lowest of 21 |
| 6-month return | -42.7% | -17.9% | 4th lowest of 21 |
| Distance from 52-week high | -55.6% | -44.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +12.7% | +4.2% | 6th highest of 21 |
| Operating margin | 18.4% | 6.5% | 2nd highest of 21 |
| Forward P/E | 15.6× | 17.1× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 9.4% | 16.0% | 5th least demanding of 14 |
| Growth delivered (Del g) | +34.8% | +9.2% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -25.4 pp | +1.1 pp | 2nd least demanding of 14 |
| ROIC minus cost of capital | +21.2 pp | -0.8 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Hengmingda Electronic Technology 002947.SZ | China | $1.78B | -43% | +13% | 18% | 15.6× | 9.4% | +34.8% |
| Oxford Instruments OXIG.L | United Kingdom | $1.79B | -16% | -15% | 15% | 21.9× | 20.1% | +5.8% |
| Hanwei Electronics 300007.SZ | China | $1.79B | -15% | -3% | 2% | 65.2× | 40.9% | +4.6% |
| Beijing Aerospace Shenzhou Intelligent Equipment Technology 300455.SZ | China | $1.81B | -36% | -29% | -4% | n/a | n/a | n/a |
| Shenzhen Topband 002139.SZ | China | $1.81B | -8% | +9% | 3% | 37.7× | n/a | n/a |
| Shanghai Feilo Acoustics 600651.SS | China | $1.82B | -30% | -11% | -3% | n/a | n/a | n/a |
| Jiangsu Linyang Energy 601222.SS | China | $1.74B | -6% | +35% | 8% | 15.4× | n/a | n/a |
| Anritsu 6754.T | Japan | $1.87B | -45% | +21% | 15% | 16.3× | 11.3% | +2.1% |
| Shenzhen Everbest Machinery Industry 002980.SZ | China | $1.90B | -16% | +64% | 23% | n/a | n/a | n/a |
| Suzhou TZTEK Technology 688003.SS | China | $1.67B | -19% | +33% | 5% | 64.3× | 42.0% | +13.2% |
| Zhejiang HangKe Technology 688006.SS | China | $1.64B | -43% | +12% | 3% | 24.0× | 16.0% | +14.9% |
| Goodwe Technologies 688390.SS | China | $1.93B | -51% | +53% | 5% | 17.1× | 17.4% | +41.2% |
| Shenzhen VMAX New Energy (Group) 688612.SS | China | $1.63B | -21% | -6% | 9% | 17.5× | 18.8% | +57.4% |
| Diebold Nixdorf DBD | United States | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% | -0.5% |
| Hexing Electrical 603556.SS | China | $1.61B | -23% | +6% | 9% | 14.2× | 0.1% | +11.3% |
| ULVAC 6728.T | Japan | $2.01B | -34% | +7% | 7% | 15.5× | 14.1% | +8.0% |
| Glory 6457.T | Japan | $1.53B | +16% | -8% | 9% | 12.2× | -8.1% | +9.3% |
| TAIFLEX Scientific 8039.TW | Taiwan | $1.51B | +36% | +3% | 6% | n/a | 28.3% | +3.9% |
| Hangzhou Kelin Electric 688611.SS | China | $1.51B | +4% | -58% | -32% | 48.1× | n/a | n/a |
| Amano 6436.T | Japan | $1.50B | -4% | +1% | 11% | 13.7× | -7.6% | +9.2% |
| Zhejiang Dali Technology 002214.SZ | China | $1.45B | -15% | +1% | -68% | n/a | n/a | n/a |