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Chinese fabless chip designer making motor-control MCU chips used in BLDC motors for appliances, tools and drones.
Chinese fabless chip designer making motor-control MCU chips used in BLDC motors for appliances, tools and drones.
Designs the chips and has outside factories make them, selling them per unit; once a maker designs a motor-control chip into an appliance or tool, it tends to reorder for the life of that product, so design wins matter more than short-term demand.
Moat: narrow (IP / patents, process know-how). Specialized motor-control chip design know-how, but competes with larger general-purpose MCU vendors.
Headquarters: Shenzhen, China · Founded: 2013 · Employees: 315
Size Fortior Technology (Shenzhen) (1304.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $2.76B, the 361st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$117.80 on 6 Nov 2026.
Performance Over six months the shares fell 14.7%, against -34.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 53.5% over the last twelve months (peer median +15.4%); the operating margin is 25.1% (peer median 9.8%).
Valuation It trades at 31.8× forward earnings against a peer median of 18.9× (5th most expensive of 17).
Capital Return on invested capital runs 0.2 points above its cost of capital (5.8% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$1.20B | HK$837M | HK$648M | HK$452M | HK$372M |
| Revenue growth | — | +29% | +43% | +21% | — |
| Gross profit | HK$630M | HK$426M | HK$335M | HK$235M | HK$209M |
| EBITDA | n/a | HK$173M | HK$164M | HK$108M | HK$105M |
| Net income | HK$382M | HK$237M | HK$241M | HK$193M | HK$165M |
| Free cash flow | -HK$204M | HK$23.4M | HK$66.4M | HK$142M | HK$50.9M |
| Capital expenditure | HK$599M | HK$262M | HK$166M | HK$28.0M | HK$18.7M |
| Total debt | HK$96.5M | HK$28.4M | HK$19.0M | HK$8.38M | HK$9.74M |
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 |
|---|---|---|---|---|---|---|
| Fortior Technology (Shenzhen) 1304.HK | $2.76B | -15% | +54% | 25% | 31.8× | n/a |
| STM STM | $41.0B | -29% | +16% | 7% | 17.3× | 38.6% |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 24.6× | 23.3% |
| Silergy 6415.TW | $4.58B | -11% | +13% | 12% | 30.5× | n/a |
| Allegro MicroSystems ALGM | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% |
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 | 1304.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -8.2% | 7th highest of 21 |
| 6-month return | -14.7% | -34.1% | 4th highest of 21 |
| Distance from 52-week high | -36.3% | -49.2% | 5th highest of 21 |
| Revenue growth (TTM) | +53.5% | +15.4% | 4th highest of 21 |
| Operating margin | 25.1% | 9.8% | 4th highest of 21 |
| Forward P/E | 31.8× | 18.9× | 5th most expensive of 17 |
| ROIC minus cost of capital | +0.2 pp | -1.4 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fortior Technology (Shenzhen) 1304.HK | Hong Kong | $2.76B | -15% | +54% | 25% | 31.8× | n/a | n/a |
| Qingdao Hanhe Cable 002498.SZ | China | $2.74B | -37% | +21% | 3% | 18.3× | n/a | n/a |
| Zhongshan Broad-Ocean Motor 002249.SZ | China | $2.73B | -21% | +1% | 6% | n/a | 7.7% | +9.5% |
| Tianneng Battery 688819.SS | China | $2.79B | -37% | +2% | 0% | 10.9× | -7.9% | +5.4% |
| Shijiazhuang Shangtai Technology 001301.SZ | China | $2.80B | -16% | +34% | 13% | 16.6× | n/a | n/a |
| Shenzhen Senior Technology Material 300568.SZ | China | $2.80B | -23% | +45% | 10% | 27.4× | n/a | n/a |
| Ming Yang Smart Energy 601615.SS | China | $2.80B | -47% | +8% | -4% | 19.4× | n/a | n/a |
| Daming Electronics 603376.SS | China | $2.71B | -22% | +110% | 9% | n/a | n/a | n/a |
| Schneider Electric Infrastructure SCHNEIDER.NS | India | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% | +17.4% |
| Weihai Guangwei Composites 300699.SZ | China | $2.68B | -35% | +12% | 16% | 45.8× | 13.8% | +6.2% |
| GS Yuasa 6674.T | Japan | $2.67B | -33% | +6% | 10% | 9.9× | n/a | n/a |
| Mabuchi Motor 6592.T | Japan | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% | +11.5% |
| Time Interconnect Technology 1729.HK | Hong Kong | $2.84B | -57% | +84% | 7% | 10.8× | n/a | n/a |
| Huaming Power Equipment 002270.SZ | China | $2.66B | -19% | +7% | 32% | 22.3× | 5.9% | +12.3% |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |
| Zhuhai CosMX Battery 688772.SS | China | $2.88B | +2% | +18% | -2% | 144.1× | n/a | n/a |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| TDG 600330.SS | China | $2.96B | -43% | +21% | -19% | 320.4× | n/a | n/a |
| Shenzhen Woer Heat-Shrinkable Material 002130.SZ | China | $2.98B | -37% | +20% | 15% | 16.4× | 1.8% | +15.6% |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |