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← CockpitCompetitor Analysis › 300125.SZ Lingda Group Co., Ltd. Class AOpen in the cockpit ↗

Lingda Group Co., Ltd. Class A300125.SZCompetitor analysis, valuation and peers

China · CNY·Information Technology›Semiconductors

A financially distressed, diversified former solar/new-energy shell company spanning PV plants, factoring and naked-eye 3D/XR - not an operating semiconductor company.

≈ A distressed, diversified Chinese holding company - not comparable to focused US semiconduMomentum weak 23
Mkt cap
$702M
US dollars, full cap
Free float
78%
of shares outstanding
$/day
$6.75M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-26.3 pp
WACC 6.1%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥7.03
1D-2.1%
1W+9.0%
1M-16.1%
3M-14.1%
6M-26.3%
YTD-7.9%
1Y-25.6%
ATR %5.5%
52w lowhigh39.9% off high

What Lingda does

A financially distressed, diversified former solar/new-energy shell company spanning PV plants, factoring and naked-eye 3D/XR - not an operating semiconductor company.

In one line: A distressed, diversified Chinese holding company - not comparable to focused US semicondu.

Products and services

  • Photovoltaic power plant operation
  • Commercial factoring
  • Naked-eye 3D/XR computing platform
  • Waste-heat power generation

Customers

  • Grid operators (PV power sales)
  • Factoring clients

Where it sits in the supply chain

  • Diversified holding company
  • Multiple unrelated segments
  • PV power generation, factoring…

What could go right

  • Potential restructuring/asset disposals

What could go wrong

  • Special-treatment (*ST) financial distress flag
  • Persistent losses across unrelated segments

Moat: none. A financially distressed, multi-segment holding company (flagged *ST) with no core semiconductor moat.

Headquarters: Dalian, China · Employees: 62

Lingda at a glance

Size Lingda (300125.SZ) is a China Information Technology company (Semiconductors) with a market value of $702M, the 3050th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.03 on 6 Nov 2026.

Performance Over six months the shares fell 26.3%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 53.6% over the last twelve months (peer median +19.9%); the operating margin is -101.6% (peer median 2.4%).

Valuation It trades at 26.2× enterprise value to sales against a peer median of 2.7× (most expensive of 21).

Capital Return on invested capital runs 26.3 points below its cost of capital (6.1% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026300125.SZ 72Peer median 68
Six months, rebased to 100: Lingda against the median of its 20 peers (local-currency closes).

Lingda financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥156MCN¥125MCN¥60.4MCN¥845MCN¥1.60B
Revenue growth—+107%-93%-47%—
Gross profitCN¥34.8MCN¥8.21M-CN¥97.4MCN¥96.3MCN¥181M
EBITDAn/a-CN¥22.9M-CN¥208MCN¥108MCN¥148M
Net incomeCN¥176MCN¥20.3M-CN¥950M-CN¥262M-CN¥16.9M
Free cash flow-CN¥66.1MCN¥49.1M-CN¥10.9M-CN¥107MCN¥221M
Capital expenditureCN¥106MCN¥22,049CN¥971,344CN¥192MCN¥115M
Total debtCN¥93.2MCN¥514MCN¥1.02BCN¥1.23BCN¥1.01B

Quarterly statements and history in the cockpit →

Lingda competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%-40%-20%0%6886991799218410XFAB322000AOSL00092530104568868930134803654068834867076884292329300241TPE0030266880618131300125.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Lingda is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%10×20×6886991799218410XFAB322000AOSL00092530104568868930134803654068834867076884292329300241TPE003026688061300125.SZRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Lingda is the large dot.

Lingda competitors and peer comparison

How Lingda compares with its peers

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.

Lingda against its 20 peers (data as of 6 Nov 2026)
Measure300125.SZPeer medianRank in peer set
1-month return-16.1%-16.7%10th highest of 21
6-month return-26.3%-28.2%10th highest of 21
Distance from 52-week high-39.9%-52.3%4th highest of 21
Revenue growth (TTM)+53.6%+19.9%highest of 21
Operating margin-101.6%2.4%lowest of 21
EV / Sales26.2×2.7×most expensive of 21
ROIC minus cost of capital-26.3 pp-6.8 pplowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Lingda 300125.SZChina$702M-26%+54%-102%26.2×n/an/a
Shenzhen Sunmoon Microelectronics 688699.SSChina$698M-24%+50%9%4.9×30.7%+4.9%
Xinte Energy 1799.HKHong Kong$707M-41%+12%-6%1.8×n/an/a
RFHIC 218410.KSSouth Korea$697M-61%+46%19%4.3×16.1%+21.4%
X-FAB Silicon Foundries XFAB.PAFrance$709M-38%-8%2%1.3×n/an/a
Hd Hyundai Energy Solutions 322000.KSSouth Korea$714M-63%+39%16%1.5×3.2%+4.5%
Alpha and Omega Semiconductor L AOSLUnited States$716M-38%-2%-6%0.8×n/an/a
UniTTEC 000925.SZChina$688M-24%+18%3%2.9×n/an/a
Talant Optronics (suzhou) 301045.SZChina$683M-15%-10%3%8.4×n/an/a
Changzhou Galaxy Century Microelectronics 688689.SSChina$723M-9%+29%11%3.1×n/an/a
Foshan Blue Rocket Electronics 301348.SZChina$681M-24%+22%-2%5.8×n/an/a
SFA Semicon 036540.KSSouth Korea$728M-27%+37%-4%2.2×n/an/a
Yuneng Technology 688348.SSChina$729M-39%-40%-58%5.6×n/an/a
Sanken Electric 6707.TJapan$673M-43%-19%-8%2.1×n/an/a
Changzhou Shichuang Energy 688429.SSChina$733M-13%+30%-38%5.7×n/an/a
Orient Semiconductor Electronics 2329.TWTaiwan$670M-46%+11%7%1.1×n/an/a
Shenzhen Refond Optoelectronics 300241.SZChina$668M-22%+24%4%2.2×16.7%+8.4%
PVA TePla TPE.DEGermany$666M-37%-4%1%2.6×n/an/a
Zhejiang MTCN Technology 003026.SZChina$742M-24%+29%17%9.5×30.7%+9.5%
Shanghai Orient-Chip Technology 688061.SSChina$664M+14%+4%-9%5.1×n/an/a
Formosa Advanced Technologies 8131.TWTaiwan$655M-29%+37%16%1.5×n/an/a

Questions

Which companies are Lingda's closest peers?
The cockpit's peer set: Shenzhen Sunmoon Microelectronics (688699.SS), Xinte Energy (1799.HK), RFHIC (218410.KS), X-FAB Silicon Foundries (XFAB.PA), Hd Hyundai Energy Solutions (322000.KS), Alpha and Omega Semiconductor L (AOSL), UniTTEC (000925.SZ), Talant Optronics (suzhou) (301045.SZ).
Is Lingda expensive compared with its peers?
On ev / sales it trades at 26.2× against a peer median of 2.7×, most expensive of 21 in its peer set.
How has Lingda stock performed?
Over six months to 6 Nov 2026 the shares returned -26.3% against -28.2% for the median peer; over one year -25.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.