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Chinese maker of fire-alarm and building fire-safety systems under the Jade Bird brand, despite its comms-industry tag.
Chinese maker of fire-alarm and building fire-safety systems under the Jade Bird brand, despite its comms-industry tag.
Moat: narrow (regulatory licence, brand). Fire-safety equipment requires certification; the Jade Bird brand has long-standing recognition in China.
Headquarters: Beijing, China · Employees: 5,140
Size Jade Bird Integrated Technologies (002960.SZ) is a China Information Technology company (Computer Communications) with a market value of $1.40B, the 1735th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.91 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against +4.6% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +7.5%); the operating margin is 5.6% (peer median 5.2%).
Valuation It trades at 23.8× forward earnings against a peer median of 18.1× (3rd most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.7 points below its cost of capital (7.7% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.50B | CN¥4.68B | CN¥4.90B | CN¥4.95B | CN¥4.58B |
| Revenue growth | — | -5% | -1% | +8% | — |
| Gross profit | CN¥1.70B | CN¥1.54B | CN¥1.73B | CN¥1.83B | CN¥1.65B |
| EBITDA | n/a | CN¥397M | CN¥567M | CN¥752M | CN¥812M |
| Net income | CN¥285M | CN¥320M | CN¥353M | CN¥659M | CN¥570M |
| Free cash flow | CN¥887M | -CN¥32.0M | CN¥275M | CN¥235M | CN¥344M |
| Capital expenditure | CN¥20.0M | CN¥361M | CN¥321M | CN¥415M | CN¥146M |
| Total debt | CN¥3.44B | CN¥2.29B | CN¥947M | CN¥639M | CN¥779M |
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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 | 002960.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | -9.2% | 7th highest of 21 |
| 6-month return | -11.6% | +4.6% | 5th lowest of 21 |
| Distance from 52-week high | -16.0% | -31.0% | 6th highest of 21 |
| Revenue growth (TTM) | -5.4% | +7.5% | 5th lowest of 21 |
| Operating margin | 5.6% | 5.2% | 10th highest of 21 |
| Forward P/E | 23.8× | 18.1× | 3rd most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 12.0% | -0.1% | 6th most demanding of 14 |
| Growth delivered (Del g) | +13.2% | +3.8% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -1.3 pp | -6.8 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | -3.7 pp | -1.3 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jade Bird Integrated Technologies 002960.SZ | China | $1.40B | -12% | -5% | 6% | 23.8× | 12.0% | +13.2% |
| Seojin System 178320.KS | South Korea | $1.33B | -52% | +9% | -5% | n/a | n/a | n/a |
| Radware RDWR | United States | $1.26B | +9% | +11% | 4% | 22.0× | 32.4% | +3.8% |
| Nohmi Bosai 6744.T | Japan | $1.58B | 0% | +6% | 14% | 16.9× | -4.4% | +5.3% |
| Shenzhen BSC Technology 300951.SZ | China | $1.11B | +33% | +16% | -5% | 19.3× | n/a | n/a |
| Hochiki 6745.T | Japan | $952M | 0% | +5% | 12% | 14.7× | -0.1% | +6.7% |
| Guangdong Shenglu Telecommunication Tech 002446.SZ | China | $928M | -32% | -10% | 0% | 16.9× | 43.5% | +1.0% |
| Fujian Star-Net Communication 002396.SZ | China | $2.61B | +13% | +18% | 4% | 19.3× | n/a | n/a |
| Easy Smart 2442.HK | Hong Kong | $2.72B | +72% | -33% | -15% | n/a | n/a | n/a |
| Nedap NEDAP.AS | Netherlands | $691M | +6% | +13% | 12% | 19.8× | -3.6% | +8.1% |
| Guangdong Champion Asia Electronics 603386.SS | China | $670M | +3% | +15% | 3% | 36.2× | n/a | n/a |
| Nippon Signal 6741.T | Japan | $645M | -3% | +10% | 11% | 8.8× | -7.9% | +4.2% |
| Zero One Technology 3029.TW | Taiwan | $566M | +10% | +76% | 6% | 14.3× | -9.2% | +20.4% |
| dormakaba DOKA.SW | Switzerland | $3.47B | +28% | -3% | 13% | 21.2× | -9.3% | +2.2% |
| Sekisui Jushi 4212.T | Japan | $516M | +28% | +5% | 7% | n/a | 1.8% | +3.8% |
| Cheng Uei Precision Industry 2392.TW | Taiwan | $499M | -8% | -10% | -12% | n/a | n/a | n/a |
| CIG Shanghai 6166.HK | Hong Kong | $4.11B | -63% | +45% | 11% | 9.7× | n/a | n/a |
| Wuhan Ligong Guangke 300557.SZ | China | $461M | -28% | +3% | 5% | n/a | 31.7% | +11.1% |
| Beijing Bohui Science & Technology 688004.SS | China | $455M | +63% | -33% | -42% | n/a | 39.5% | -9.9% |
| Allot ALLT | United States | $422M | +10% | +14% | 7% | 24.2× | 23.1% | -5.6% |
| Zyxel 3704.TW | Taiwan | $414M | -4% | +5% | 5% | 9.1× | -5.7% | +2.6% |