Loading…
Chinese provider of campus one-card payment systems and smart-campus software and devices, mainly for universities.
Chinese provider of campus one-card payment systems and smart-campus software and devices, mainly for universities.
Sells software and the terminals that go with it mainly to universities, and earns from projects, upgrades and ongoing maintenance. The campus one-card payment system was its starting point and gives it a foothold on many campuses, onto which it sells newer platforms. Education budgets drive orders.
Moat: narrow (installed base, switching costs). Systems embedded in universities' payment and management workflows make replacement costly; long school relationships.
Headquarters: Zhengzhou, China · Founded: 2000 · Employees: 2,227
Size Newcapec Electronics (300248.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $567M, the 3566th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.01 on 6 Nov 2026.
Performance Over six months the shares fell 16.7%, against -11.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +10.4%); the operating margin is 1.3% (peer median 3.5%).
Valuation It trades at 32.0× forward earnings against a peer median of 21.7× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +21 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 3.4 points below its cost of capital (6.9% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥982M | CN¥972M | CN¥976M | CN¥1.05B | CN¥1.06B |
| Revenue growth | — | 0% | -7% | -1% | — |
| Gross profit | CN¥539M | CN¥440M | CN¥484M | CN¥531M | CN¥541M |
| EBITDA | n/a | CN¥172M | CN¥194M | CN¥136M | CN¥150M |
| Net income | CN¥39.6M | CN¥78.1M | CN¥110M | CN¥108M | CN¥112M |
| Free cash flow | CN¥29.5M | CN¥63.9M | CN¥107M | -CN¥46.9M | -CN¥72.0M |
| Capital expenditure | CN¥140M | CN¥177M | CN¥166M | CN¥167M | CN¥165M |
| Total debt | CN¥148M | CN¥221M | CN¥169M | CN¥193M | CN¥137M |
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.
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 | 300248.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.1% | -18.5% | 4th highest of 21 |
| 6-month return | -16.7% | -11.3% | 8th lowest of 21 |
| Distance from 52-week high | -49.9% | -37.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +1.1% | +10.4% | 8th lowest of 21 |
| Operating margin | 1.3% | 3.5% | 11th highest of 21 |
| Forward P/E | 32.0× | 21.7× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 21.5% | 1.3% | 2nd most demanding of 7 |
| Growth delivered (Del g) | +0.9% | +9.9% | 3rd lowest of 7 |
| Hurdle (Req g minus delivered) | +20.6 pp | -7.9 pp | 2nd most demanding of 7 |
| ROIC minus cost of capital | -3.4 pp | -3.0 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Newcapec Electronics 300248.SZ | China | $567M | -17% | +1% | 1% | 32.0× | 21.5% | +0.9% |
| Stratasys SSYS | United States | $565M | -25% | -3% | -14% | 45.9× | n/a | n/a |
| Quantum QMCO | United States | $570M | +100% | +11% | 0% | 27.1× | n/a | n/a |
| Wacom 6727.T | Japan | $570M | -6% | -3% | 13% | 9.3× | -6.0% | +0.3% |
| Hanwang Technology 002362.SZ | China | $596M | -12% | -2% | -13% | 81.8× | n/a | n/a |
| Chengdu Jiafaantai Education Technology 300559.SZ | China | $602M | -26% | -26% | 0% | 35.5× | 35.7% | -6.0% |
| Backblaze BLZE | United States | $523M | +10% | +17% | -4% | 26.7× | 12.7% | +22.1% |
| Taiwan Semiconductor 5425.TWO | Taiwan | $520M | +7% | +5% | 9% | 18.3× | 7.6% | +11.6% |
| Shenzhen Fluence Technology 300647.SZ | China | $517M | +7% | +12% | -20% | n/a | n/a | n/a |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| AAEON Technology 6579.TW | Taiwan | $633M | -10% | +30% | 9% | n/a | n/a | n/a |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |
| Apacer Technology 8271.TW | Taiwan | $655M | -28% | +182% | 31% | 2.1× | n/a | n/a |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| PC Partner PCT.SI | Singapore | $662M | +4% | +18% | 7% | 7.4× | n/a | n/a |
| Hebei Huijin 300368.SZ | China | $667M | -17% | -18% | -124% | n/a | n/a | n/a |
| TES Touch Embedded Solutions (Xiamen) 003019.SZ | China | $668M | -28% | +24% | 8% | 20.7× | n/a | n/a |
| Shenzhen Chengtian Weiye Technology Co 300689.SZ | China | $679M | -27% | +19% | 0% | n/a | n/a | n/a |
| Shenzhen Minde Electronics Technology 300656.SZ | China | $681M | -13% | -14% | -60% | n/a | n/a | n/a |
| Muhlbauer Holding AG & Co. KGaA MUB.DE | Germany | $684M | +9% | +2% | 7% | n/a | -4.9% | +11.4% |
| Urovo Technology 300531.SZ | China | $693M | -23% | +33% | 8% | 22.8× | n/a | n/a |