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Makes electronic components and assembly services for smartphones and EVs, a separate listed subsidiary from BYD's car business.
Makes electronic components and assembly services for smartphones and EVs, a separate listed subsidiary from BYD's car business.
Is paid per device or part as a contract manufacturer, so a few big phone and tablet brands account for most of its sales, with Apple's supply chain a notable source. Parent BYD Company owns a majority stake and supplies a growing volume of car-electronics work.
In one line: A Chinese Foxconn/Jabil for handset and EV electronics assembly.
Moat: narrow (scale, customer qualification, process know-how). Vertically integrated manufacturing scale and long-standing OEM relationships, though it's a low-margin assembly business.
Headquarters: Shenzhen, China · Founded: 2007 · Employees: 165,000
Size BYD Electronic (0285.HK) is a Hong Kong Information Technology company (Electronic Production Equipment) with a market value of $6.15B, the 229th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$21.40 on 6 Nov 2026.
Performance Over six months the shares fell 24.2%, against -25.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +22.2%); the operating margin is 1.5% (peer median 11.0%).
Valuation It trades at 19.5× forward earnings against a peer median of 20.4× (8th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (6.9% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$202B | HK$195B | HK$192B | HK$144B | HK$125B |
| Revenue growth | — | +1% | +34% | +15% | — |
| Gross profit | HK$10.3B | HK$11.7B | HK$13.3B | HK$11.5B | HK$7.38B |
| EBITDA | HK$10.2B | HK$9.97B | HK$11.1B | HK$7.52B | HK$3.32B |
| Net income | HK$2.44B | HK$3.81B | HK$4.62B | HK$4.47B | HK$2.16B |
| Free cash flow | HK$5.29B | HK$18.7B | HK$3.72B | HK$6.90B | HK$1.99B |
| Capital expenditure | HK$5.02B | HK$4.43B | HK$3.10B | HK$4.33B | HK$4.94B |
| Total debt | n/a | HK$9.90B | HK$13.3B | HK$18.2B | HK$3.29B |
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 |
|---|---|---|---|---|---|---|
| BYD Electronic 0285.HK | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| Luxshare Precision Industry 002475.SZ | $57.7B | -25% | +27% | 4% | 18.9× | n/a |
| AAC Technologies 2018.HK | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% |
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 | 0285.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.9% | -24.2% | 8th highest of 21 |
| 6-month return | -24.2% | -25.0% | 11th highest of 21 |
| Distance from 52-week high | -44.9% | -49.6% | 9th highest of 21 |
| Revenue growth (TTM) | +4.3% | +22.2% | 4th lowest of 21 |
| Operating margin | 1.5% | 11.0% | 2nd lowest of 21 |
| Forward P/E | 19.5× | 20.4× | 8th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -0.8% | 15.3% | least demanding of 14 |
| Growth delivered (Del g) | +18.8% | +9.8% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -19.6 pp | +5.6 pp | least demanding of 14 |
| ROIC minus cost of capital | +0.3 pp | +1.9 pp | 6th lowest of 21 |
| EV / EBITDA | 4.2× | 15.9× | cheapest of 12 |
| Net debt / EBITDA | -0.6× | -0.1× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BYD Electronic 0285.HK | Hong Kong | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% | +18.8% |
| Universal Scientific Industrial (Shanghai) 601231.SS | China | $6.50B | -52% | +4% | 3% | 19.6× | n/a | n/a |
| Guobo Electronics 688375.SS | China | $5.61B | -49% | -12% | 13% | 83.0× | 39.7% | +1.4% |
| AAC Technologies 2018.HK | Hong Kong | $5.60B | -4% | +16% | 8% | 13.8× | 1.2% | +12.4% |
| Guangdong Fenghua Advanced Technology (Holding) 000636.SZ | China | $5.42B | +26% | +36% | 8% | 45.0× | 28.6% | +5.9% |
| 3Peak 688536.SS | China | $5.26B | -5% | +74% | 16% | 50.7× | 46.0% | +30.6% |
| Sanmina SANM | United States | $7.22B | -46% | +59% | 5% | 10.7× | 6.8% | +3.2% |
| Plexus PLXS | United States | $5.12B | -28% | +23% | 5% | 17.9× | n/a | n/a |
| Asmpt 0522.HK | Hong Kong | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% | -1.3% |
| Advanced Energy Industries AEIS | United States | $7.98B | -45% | +32% | 17% | 11.7× | 17.8% | +4.9% |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Littelfuse LFUS | United States | $9.04B | -22% | +19% | 18% | 16.3× | 15.3% | +10.5% |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| Phison Electronics 8299.TWO | Taiwan | $10.0B | -29% | +157% | 31% | 3.7× | n/a | n/a |
| MPI 6223.TWO | Taiwan | $10.2B | -31% | +38% | 30% | 37.2× | n/a | n/a |