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Chinese consumer flash-storage brand making USB flash drives, memory cards and external SSDs; holds early USB-flash-drive patents.
Chinese consumer flash-storage brand making USB flash drives, memory cards and external SSDs; holds early USB-flash-drive patents.
Sells flash-storage products in large unit volumes through retailers and online platforms under its own brand, so margin follows memory chip costs and competitive pricing more than technology. It holds some early USB-flash-drive patents.
In one line: A Chinese SanDisk for USB drives and memory cards.
Moat: narrow (brand, IP / patents). Recognized consumer storage brand in China and foundational USB-flash-drive patents, but the category is commoditized.
Headquarters: Shenzhen, China · Founded: 1999 · Employees: 402
Size Netac Technology (300042.SZ) is a China Information Technology company (Semiconductors) with a market value of $872M, the 2573rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥29.02 on 6 Nov 2026.
Performance Over six months the shares fell 44.5%, against -14.9% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 102.6% over the last twelve months (peer median +6.3%); the operating margin is 10.2% (peer median -3.2%).
Valuation It trades at 33.0× forward earnings against a peer median of 15.4× (2nd most expensive of 8).
Capital Return on invested capital runs 6.0 points above its cost of capital (10.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.10B | CN¥1.24B | CN¥829M | CN¥1.09B | CN¥1.77B |
| Revenue growth | — | +49% | -24% | -39% | — |
| Gross profit | CN¥413M | CN¥166M | CN¥75.0M | CN¥98.7M | CN¥181M |
| EBITDA | n/a | CN¥34.8M | -CN¥91.8M | -CN¥37.3M | CN¥51.6M |
| Net income | CN¥188M | CN¥27.1M | -CN¥99.2M | -CN¥43.8M | CN¥62.1M |
| Free cash flow | -CN¥206M | -CN¥269M | -CN¥38.0M | -CN¥102M | CN¥142M |
| Capital expenditure | CN¥6.93M | CN¥9.10M | CN¥22.4M | CN¥27.6M | CN¥8.78M |
| Total debt | CN¥476M | CN¥183M | CN¥88.1M | CN¥66.1M | CN¥16.4M |
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 |
|---|---|---|---|---|---|---|
| Netac Technology 300042.SZ | $872M | -44% | +103% | 10% | 33.0× | n/a |
| Western Digital WDC | $98.7B | -45% | +21% | 41% | 9.2× | 20.7% |
| ADATA Technology 3260.TWO | $3.16B | -33% | +125% | 34% | 4.5× | n/a |
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 | 300042.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.6% | -24.2% | 8th highest of 21 |
| 6-month return | -44.5% | -14.9% | lowest of 20 |
| Distance from 52-week high | -64.4% | -42.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +102.6% | +6.3% | 3rd highest of 21 |
| Operating margin | 10.2% | -3.2% | 6th highest of 21 |
| Forward P/E | 33.0× | 15.4× | 2nd most expensive of 8 |
| ROIC minus cost of capital | +6.0 pp | -9.4 pp | 5th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Netac Technology 300042.SZ | China | $872M | -44% | +103% | 10% | 33.0× | n/a | n/a |
| VIA Technologies 2388.TW | Taiwan | $874M | -35% | -3% | -12% | n/a | 17.9% | +8.0% |
| Arteris AIP | United States | $875M | -44% | +34% | -44% | n/a | 55.4% | +17.3% |
| United Renewable Energy 3576.TW | Taiwan | $876M | +15% | -43% | -62% | n/a | n/a | n/a |
| Episil-Precision 3016.TW | Taiwan | $865M | -10% | +30% | 14% | 35.7× | 40.5% | -0.7% |
| Taiwan Speciality Chemicals 4772.TWO | Taiwan | $862M | -38% | +164% | 40% | 26.2× | 11.0% | +36.7% |
| Shenzhen Baoming Technology 002992.SZ | China | $887M | -38% | -20% | -1% | n/a | n/a | n/a |
| Sitronix Technology 8016.TW | Taiwan | $894M | +5% | +18% | 13% | 15.4× | -9.1% | +6.6% |
| Zhejiang Chenfeng Science and Technology 603685.SS | China | $896M | -28% | -14% | 4% | n/a | n/a | n/a |
| Smarter Microelectronics (Guangzhou) 688512.SS | China | $835M | -11% | +43% | -30% | n/a | n/a | n/a |
| Etron Technology 5351.TWO | Taiwan | $835M | +13% | +246% | 21% | n/a | 3.3% | +2.6% |
| Parade Technologies 4966.TWO | Taiwan | $915M | -31% | -3% | 14% | 13.2× | 3.8% | +1.6% |
| General Interface Solution (GIS) 6456.TW | Taiwan | $824M | 0% | -19% | -3% | n/a | n/a | n/a |
| Ambiq Micro AMBQ | United States | $933M | -13% | +32% | -43% | n/a | n/a | n/a |
| Hangzhou Star Shuaier Electric Appliance 002860.SZ | China | $810M | +16% | -14% | 7% | 24.6× | 19.8% | +18.4% |
| Everlight Electronics 2393.TW | Taiwan | $807M | -17% | -3% | 10% | 13.3× | -11.7% | -1.9% |
| Dioo Microcircuits Co., Ltd. Jiangsu 688381.SS | China | $948M | -15% | -18% | -46% | n/a | n/a | n/a |
| Wuxi ETEK Microelectronics 688601.SS | China | $799M | -25% | +15% | -5% | 14.3× | n/a | n/a |
| Henan Ancai Hi-Tech 600207.SS | China | $797M | -13% | -41% | -39% | n/a | n/a | n/a |
| Jiangsu Zongyi 600770.SS | China | $961M | -35% | +64% | -4% | n/a | 43.6% | +4.7% |
| Crealights Technology 1191.HK | Hong Kong | $790M | n/a | +42% | -7% | n/a | n/a | n/a |