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Chinese maker of LED video-display panels and visualization systems for commercial, control-room and rental markets.
Chinese maker of LED video-display panels and visualization systems for commercial, control-room and rental markets.
Sells large LED screens as hardware projects, usually installed through system integrators, with Planar, its US display subsidiary, adding a North American sales base. Fine-pitch screens, where pixels are packed closely for sharp close-up viewing, are the premium line. Orders follow project budgets for control rooms and corporate lobbies.
In one line: A China-based Samsung/LG LED-display or Planar peer.
Moat: narrow (scale, brand, distribution). One of the world's largest LED display makers with global brand recognition (owns Planar).
Headquarters: Beijing, China · Employees: 4,405
Size Leyard Optoelectronic (300296.SZ) is a China Industrials company (Miscellaneous Manufacturing) with a market value of $2.20B, the 1159th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.47 on 6 Nov 2026.
Performance Over six months the shares fell 14.0%, against -16.6% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 14.4% over the last twelve months (peer median +9.9%); the operating margin is 4.3% (peer median 11.8%).
Valuation It trades at 28.8× forward earnings against a peer median of 20.1× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +16 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 3.0 points below its cost of capital (8.4% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.98B | CN¥7.04B | CN¥7.15B | CN¥7.61B | CN¥8.15B |
| Revenue growth | — | -1% | -6% | -7% | — |
| Gross profit | CN¥2.18B | CN¥2.06B | CN¥1.85B | CN¥2.21B | CN¥2.35B |
| EBITDA | n/a | CN¥685M | CN¥159M | CN¥658M | CN¥875M |
| Net income | CN¥153M | CN¥307M | -CN¥889M | CN¥286M | CN¥281M |
| Free cash flow | CN¥618M | CN¥828M | CN¥465M | CN¥678M | CN¥274M |
| Capital expenditure | CN¥209M | CN¥246M | CN¥217M | CN¥221M | CN¥295M |
| Total debt | CN¥1.74B | CN¥1.93B | CN¥1.87B | CN¥2.66B | CN¥2.55B |
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 |
|---|---|---|---|---|---|---|
| Leyard Optoelectronic 300296.SZ | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% |
| Unilumin 300232.SZ | $796M | -23% | +1% | 0% | 32.5× | 6.4% |
| Shenzhen Absen Optoelectronic 300389.SZ | $585M | -26% | +13% | 8% | 8.0× | -1.3% |
| Shenzhen Liantronics 300269.SZ | $324M | -35% | -31% | -9% | n/a | n/a |
| Daktronics DAKT | $933M | -5% | +14% | 7% | 14.6× | 12.2% |
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 | 300296.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.7% | -7.2% | highest of 21 |
| 6-month return | -14.0% | -16.6% | 11th highest of 21 |
| Distance from 52-week high | -43.6% | -29.5% | 8th lowest of 21 |
| Revenue growth (TTM) | -14.4% | +9.9% | lowest of 21 |
| Operating margin | 4.3% | 11.8% | 3rd lowest of 21 |
| Forward P/E | 28.8× | 20.1× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 17.1% | 9.7% | 8th most demanding of 19 |
| Growth delivered (Del g) | +1.2% | +7.9% | 4th lowest of 19 |
| Hurdle (Req g minus delivered) | +15.9 pp | +1.8 pp | 3rd most demanding of 19 |
| ROIC minus cost of capital | -3.0 pp | +2.9 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Leyard Optoelectronic 300296.SZ | China | $2.20B | -14% | -14% | 4% | 28.8× | 17.1% | +1.2% |
| Zhejiang Weixing Industrial Development 002003.SZ | China | $2.17B | +28% | +14% | 16% | 20.7× | -4.2% | +14.0% |
| Zhejiang Weixing New Building Materials 002372.SZ | China | $2.27B | -19% | -12% | 14% | 17.8× | 9.9% | +1.1% |
| Hanshow Technology 301275.SZ | China | $2.68B | -5% | +42% | 13% | 27.7× | 10.0% | +13.6% |
| Daetwyler DAE.SW | Switzerland | $2.72B | -21% | +2% | 10% | 24.7× | 9.3% | +6.0% |
| Hill & Smith HILS.L | United Kingdom | $2.88B | +10% | +3% | 16% | 19.5× | 19.4% | +5.6% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| TOMRA Systems TOM.OL | Norway | $3.17B | +6% | +7% | 11% | 31.8× | 9.5% | +9.2% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Kurita Water Industries 6370.T | Japan | $3.47B | -39% | +1% | 14% | 11.3× | 5.6% | +8.5% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Astral ASTRAL.NS | India | $3.57B | -20% | +17% | 12% | 46.8× | 32.5% | +15.6% |
| Brady BRC | United States | $3.69B | 0% | +10% | 16% | 12.0× | 1.0% | +7.7% |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% | -3.5% |
| Suzhou Victory Precision Manufacture 002426.SZ | China | $1.17B | -41% | +7% | -20% | n/a | 30.8% | -18.0% |
| Supreme Industries SUPREMEIND.NS | India | $4.24B | -14% | +17% | 10% | 33.6× | 25.8% | +12.1% |
| Cangzhou Mingzhu Plastic 002108.SZ | China | $1.10B | -28% | +14% | 5% | n/a | n/a | n/a |