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Beijing maker of Beidou satellite-navigation chips, modules and terminals, plus simulation, test and signal-processing systems for defence and aerospace.
Beijing maker of Beidou satellite-navigation chips, modules and terminals, plus simulation, test and signal-processing systems for defence and aerospace.
Sells Beidou chips, modules and terminals, and builds simulation and test platforms for aerospace and defence users, so income depends on project contracts with military and aerospace institutes and often lands unevenly across the year. It has also set up a joint venture for low-altitude (drone and air-mobility) systems.
Moat: narrow (customer qualification, regulatory licence). Defence qualification and security clearances limit entrants; small scale against larger defence-electronics groups.
Headquarters: Beijing, China · Founded: 2001 · Employees: 826
Size Hwa Create (300045.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.35B, the 1794th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.60 on 6 Nov 2026.
Performance Over six months the shares fell 39.2%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue fell 7.4% over the last twelve months (peer median +14.3%); the operating margin is -20.1% (peer median 6.1%).
Valuation It trades at 14.5× enterprise value to sales against a peer median of 2.9× (4th most expensive of 21).
Capital Return on invested capital runs 11.2 points below its cost of capital (9.6% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥616M | CN¥778M | CN¥545M | CN¥707M | CN¥383M |
| Revenue growth | — | +43% | -23% | +84% | — |
| Gross profit | CN¥228M | CN¥127M | CN¥70.9M | CN¥171M | CN¥53.6M |
| EBITDA | n/a | CN¥52.4M | -CN¥51.1M | CN¥85.1M | -CN¥54.2M |
| Net income | -CN¥113M | -CN¥69.2M | -CN¥143M | CN¥17.6M | -CN¥110M |
| Free cash flow | -CN¥23.4M | -CN¥7.43M | CN¥11.0M | -CN¥34.5M | -CN¥34.9M |
| Capital expenditure | CN¥164M | CN¥197M | CN¥265M | CN¥144M | CN¥116M |
| Total debt | CN¥136M | CN¥75.3M | CN¥46.0M | CN¥108M | CN¥92.9M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Hwa Create 300045.SZ | $1.35B | -39% | -7% | -20% | 14.5× | n/a |
| Beijing BDStar Navigation 002151.SZ | $2.10B | -36% | +35% | -14% | 5.1× | n/a |
| Chengdu CORPRO Technology 300101.SZ | $1.07B | -35% | -25% | -18% | 10.6× | n/a |
| Guangzhou Haige Communications 002465.SZ | $3.43B | -38% | +1% | -16% | 6.0× | 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 | 300045.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.0% | -6.2% | highest of 20 |
| 6-month return | -39.2% | -25.1% | 3rd lowest of 19 |
| Distance from 52-week high | -64.8% | -44.9% | 3rd lowest of 20 |
| Revenue growth (TTM) | -7.4% | +14.3% | 6th lowest of 21 |
| Operating margin | -20.1% | 6.1% | 3rd lowest of 21 |
| EV / Sales | 14.5× | 2.9× | 4th most expensive of 21 |
| ROIC minus cost of capital | -11.2 pp | -1.8 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hwa Create 300045.SZ | China | $1.35B | -39% | -7% | -20% | 14.5× | n/a | n/a |
| Zhejiang Chengchang Technology 001270.SZ | China | $1.34B | -37% | -1% | 27% | 20.9× | 44.0% | +18.3% |
| Arlo Technologies ARLO | United States | $1.33B | -19% | +16% | 3% | 2.0× | 32.6% | +8.2% |
| Noritsu Koki 7744.T | Japan | $1.31B | -7% | +33% | 20% | 1.5× | -6.9% | +16.8% |
| Tianjin 712 Communication & Broadcasting 603712.SS | China | $1.41B | -25% | +27% | -17% | 5.0× | n/a | n/a |
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 0.9× | n/a | n/a |
| Shenzhen Gongjin Electronics 603118.SS | China | $1.42B | -18% | +21% | 2% | 1.0× | n/a | n/a |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 1.4× | 7.4% | +11.3% |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 0.4× | -4.6% | -25.5% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | 2.9× | 11.3% | +7.0% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 2.1× | -2.7% | -3.1% |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | 12.7× | 20.4% | -1.0% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | 2.9× | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | 3.0× | -11.0% | +19.4% |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 10.6× | n/a | n/a |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | 18.6× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | 3.5× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 33.8× | n/a | n/a |
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | 4.3× | n/a | n/a |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 5.2× | 27.2% | +29.1% |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 1.9× | 10.0% | -1.0% |