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Chinese maker of smartphone antennas, wireless-charging modules, precision connectors and RF components for global device makers.
Chinese maker of smartphone antennas, wireless-charging modules, precision connectors and RF components for global device makers.
In one line: China's Amphenol (antenna/connector segment).
Moat: narrow (customer qualification, scale, installed base). Qualified antenna/RF supplier to major smartphone OEMs since acquiring Laird's antenna business in 2012.
Headquarters: Shenzhen, China · Employees: 14,764
Size Shenzhen Sunway Communication (300136.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $6.14B, the 406th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.30 on 6 Nov 2026.
Performance Over six months the shares fell 53.7%, against -32.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +11.4%); the operating margin is 9.3% (peer median 4.0%).
Valuation It trades at 47.1× forward earnings against a peer median of 21.0× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.5 points below its cost of capital (12.2% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.99B | CN¥8.87B | CN¥8.71B | CN¥7.52B | CN¥8.57B |
| Revenue growth | — | +2% | +16% | -12% | — |
| Gross profit | CN¥2.56B | CN¥1.85B | CN¥1.64B | CN¥1.52B | CN¥1.76B |
| EBITDA | n/a | CN¥1.69B | CN¥1.33B | CN¥1.22B | CN¥1.26B |
| Net income | CN¥690M | CN¥709M | CN¥662M | CN¥521M | CN¥649M |
| Free cash flow | CN¥539M | CN¥417M | -CN¥54.9M | CN¥1.19B | CN¥543M |
| Capital expenditure | CN¥1.16B | CN¥1.23B | CN¥1.08B | CN¥590M | CN¥712M |
| Total debt | CN¥5.81B | CN¥3.15B | CN¥3.74B | CN¥3.40B | CN¥3.60B |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Sunway Communication 300136.SZ | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| Luxshare Precision Industry 2475.HK | $55.2B | n/a | +33% | 4% | 15.7× | 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 | 300136.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.1% | -5.6% | 7th lowest of 20 |
| 6-month return | -53.7% | -32.6% | 2nd lowest of 19 |
| Distance from 52-week high | -67.3% | -48.8% | 5th lowest of 21 |
| Revenue growth (TTM) | +2.0% | +11.4% | 7th lowest of 21 |
| Operating margin | 9.3% | 4.0% | 7th highest of 21 |
| Forward P/E | 47.1× | 21.0× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 30.6% | 12.8% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +6.9% | +12.0% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +23.6 pp | +7.9 pp | 2nd most demanding of 10 |
| ROIC minus cost of capital | -3.5 pp | -2.2 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Sunway Communication 300136.SZ | China | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% | +6.9% |
| Fiberhome Telecommunication Technologies 600498.SS | China | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% | +3.4% |
| Zhejiang Dahua Technology 002236.SZ | China | $7.04B | -21% | +7% | 7% | 12.3× | n/a | n/a |
| Yealink Network Technology 300628.SZ | China | $7.50B | +8% | +17% | 46% | 16.2× | 4.3% | +17.0% |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| ViaSat VSAT | United States | $8.81B | -9% | +1% | 2% | n/a | 42.8% | +15.5% |
| China Spacesat 600118.SS | China | $9.75B | -46% | +6% | 1% | 531.4× | n/a | n/a |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| Shenzhen Transsion 2636.HK | Hong Kong | $11.3B | n/a | +4% | 5% | 10.6× | n/a | n/a |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| Huaqin 3296.HK | Hong Kong | $12.7B | -30% | +35% | 2% | 12.3× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| TCL Technology 000100.SZ | China | $15.0B | +7% | +5% | 0% | 13.1× | -4.7% | +19.1% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |