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Makes precision components — casings, connectors and modules — for smartphones and consumer electronics, supplying major device brands.
Makes precision components — casings, connectors and modules — for smartphones and consumer electronics, supplying major device brands.
In one line: A Chinese precision-components supplier akin to a smaller Jabil/Foxconn component unit.
Moat: none (scale, process know-how). Precision manufacturing scale for a few large brand customers, but limited pricing power versus assembly giants.
Headquarters: Guangdong, China · Founded: 2004 · Employees: 100,434
Size Lingyi iTech (Guangdong) (1688.HK) is a Hong Kong Information Technology company (Computer Processing Hardware) with a market value of $5.75B, the 240th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.55 on 6 Nov 2026.
Growth Revenue grew 14.1% over the last twelve months (peer median +16.0%); the operating margin is 5.6% (peer median 2.2%).
Valuation It trades at 12.6× forward earnings against a peer median of 14.3× (5th cheapest of 16).
Capital Return on invested capital runs 5.7 points above its cost of capital (5.1% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$61.9B | HK$55.6B | HK$47.8B | HK$37.6B | HK$39.9B |
| Revenue growth | — | +16% | +27% | -6% | — |
| Gross profit | HK$12.9B | HK$8.21B | HK$7.02B | HK$6.95B | HK$7.59B |
| EBITDA | n/a | HK$6.07B | HK$5.17B | HK$5.65B | HK$5.76B |
| Net income | HK$2.59B | HK$2.48B | HK$1.90B | HK$2.27B | HK$1.86B |
| Free cash flow | -HK$759M | -HK$380M | HK$439M | HK$3.41B | HK$2.26B |
| Capital expenditure | HK$5.81B | HK$5.24B | HK$3.93B | HK$2.52B | HK$2.58B |
| Total debt | HK$20.7B | HK$18.5B | HK$13.5B | HK$9.63B | HK$11.5B |
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 |
|---|---|---|---|---|---|---|
| Lingyi iTech (Guangdong) 1688.HK | $5.75B | n/a | +14% | 6% | 12.6× | n/a |
| Lens Technology 300433.SZ | $20.1B | +5% | -11% | 5% | 42.6× | 16.9% |
| BYD Electronic 0285.HK | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% |
| Luxshare Precision Industry 002475.SZ | $57.7B | -25% | +27% | 4% | 18.9× | n/a |
| Catcher Technology 2474.TW | $2.99B | -14% | -18% | 10% | 16.3× | 12.4% |
| GoerTek 002241.SZ | $13.1B | 0% | -3% | 2% | 25.5× | 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 | 1688.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.6% | -10.9% | 5th highest of 21 |
| Distance from 52-week high | -53.0% | -35.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +14.1% | +16.0% | 9th lowest of 20 |
| Operating margin | 5.6% | 2.2% | 7th highest of 20 |
| Forward P/E | 12.6× | 14.3× | 5th cheapest of 16 |
| ROIC minus cost of capital | +5.7 pp | -0.2 pp | 6th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lingyi iTech (Guangdong) 1688.HK | Hong Kong | $5.75B | n/a | +14% | 6% | 12.6× | n/a | n/a |
| Inventec 2356.TW | Taiwan | $5.71B | +12% | +16% | 2% | 13.2× | n/a | n/a |
| China Greatwall Technology 000066.SZ | China | $5.40B | -42% | +28% | -1% | 81.7× | n/a | n/a |
| SeeYA Technology 688781.SS | China | $7.11B | +17% | n/a | n/a | n/a | n/a | n/a |
| Pegatron 4938.TW | Taiwan | $7.52B | +14% | -6% | 1% | 13.1× | n/a | n/a |
| Guangzhou Shiyuan Electronic Technology 002841.SZ | China | $4.37B | +13% | +35% | 8% | 11.2× | -2.7% | +7.3% |
| Compal Electronics 2324.TW | Taiwan | $4.15B | +8% | -4% | 1% | 12.9× | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| Quantinuum QNT | United States | $9.89B | n/a | +35% | -644% | n/a | n/a | n/a |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Sharetronic Data Technology 300857.SZ | China | $11.4B | -40% | +127% | 21% | 39.5× | n/a | n/a |
| IEIT SYSTEMS Co., Ltd.Class A 000977.SZ | China | $12.1B | -21% | +14% | 3% | 14.3× | 7.7% | +21.2% |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| GoerTek 002241.SZ | China | $13.1B | 0% | -3% | 2% | 25.5× | n/a | n/a |
| IonQ IONQ | United States | $14.0B | -34% | +371% | -392% | n/a | n/a | n/a |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| Advantech 2395.TW | Taiwan | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% | +6.8% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |