Employees: 2,964
Size Jinlei Technology (300443.SZ) is a China Industrials company (Electrical Products) with a market value of $876M, the 2563rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.24 on 6 Nov 2026.
Performance Over six months the shares fell 39.8%, against -31.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 14.3% over the last twelve months (peer median +7.7%); the operating margin is 12.8% (peer median 5.1%).
Valuation It trades at 17.6× forward earnings against a peer median of 14.8× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points below its cost of capital (10.3% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.38B | CN¥2.48B | CN¥1.96B | CN¥1.93B | CN¥1.80B |
| Revenue growth | — | +27% | +1% | +7% | — |
| Gross profit | CN¥826M | CN¥657M | CN¥380M | CN¥613M | CN¥520M |
| EBITDA | n/a | CN¥614M | CN¥363M | CN¥555M | CN¥485M |
| Net income | CN¥243M | CN¥314M | CN¥173M | CN¥412M | CN¥352M |
| Free cash flow | CN¥249M | -CN¥447M | -CN¥52.1M | -CN¥203M | -CN¥1.16B |
| Capital expenditure | CN¥385M | CN¥262M | CN¥394M | CN¥606M | CN¥1.03B |
| Total debt | CN¥7.95M | CN¥97.7M | CN¥42.2M | CN¥371M | CN¥1.00B |
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| Measure | 300443.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -10.4% | 6th lowest of 21 |
| 6-month return | -39.8% | -31.7% | 8th lowest of 20 |
| Distance from 52-week high | -46.8% | -50.6% | 10th highest of 21 |
| Revenue growth (TTM) | -14.3% | +7.7% | 2nd lowest of 21 |
| Operating margin | 12.8% | 5.1% | 6th highest of 21 |
| Forward P/E | 17.6× | 14.8× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 5.6% | 13.7% | 5th least demanding of 14 |
| Growth delivered (Del g) | +11.1% | +9.0% | 5th highest of 14 |
| Hurdle (Req g minus delivered) | -5.5 pp | +1.3 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | -3.6 pp | -2.8 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jinlei Technology 300443.SZ | China | $876M | -40% | -14% | 13% | 17.6× | 5.6% | +11.1% |
| Hangzhou Weiguang Electronic 002801.SZ | China | $884M | -21% | +11% | 17% | 13.4× | 6.6% | +13.1% |
| Beijing Jingwei Hirain Technologies 688326.SS | China | $896M | -40% | +2% | -5% | n/a | n/a | n/a |
| Longwell 6290.TWO | Taiwan | $854M | -43% | +13% | 15% | 15.1× | 13.7% | +9.0% |
| R&S Group Holding AG Pref RSGN.SW | Switzerland | $899M | -22% | +2% | 18% | 14.6× | -7.0% | +2.3% |
| Tellhow Sci-Tech 600590.SS | China | $852M | -56% | -11% | 5% | 16.0× | n/a | n/a |
| Shenzhen Center Power Tech 002733.SZ | China | $901M | -43% | +16% | 5% | n/a | 16.9% | +6.4% |
| Array Technologies ARRY | United States | $902M | -32% | -16% | 0% | 6.5× | 57.9% | +8.0% |
| LS Eco Energy 229640.KS | South Korea | $848M | -56% | +31% | 7% | 21.7× | 5.4% | +10.6% |
| NITTO KOGYO 6651.T | Japan | $906M | -17% | +6% | 8% | 11.6× | -2.7% | +7.3% |
| CWB Automotive Electronics 605005.SS | China | $907M | -21% | 0% | 9% | n/a | 9.4% | +9.3% |
| Shijiazhuang Kelin Electric 603050.SS | China | $844M | -36% | -11% | 2% | n/a | 23.2% | +20.2% |
| KBC 688598.SS | China | $842M | +9% | +47% | -114% | n/a | n/a | n/a |
| Beijing SOJO Electric 300444.SZ | China | $912M | -52% | -11% | -4% | 9.1× | n/a | n/a |
| Changgao Electric 002452.SZ | China | $917M | -10% | -9% | 19% | 8.2× | 2.6% | +1.3% |
| Kanohar Electricals KANOHAR.NS | India | $835M | n/a | +45% | 27% | n/a | 21.3% | +29.1% |
| Daejoo Electronic Materials 078600.KS | South Korea | $835M | -53% | +42% | 8% | 44.6× | n/a | n/a |
| Guangzhou Baiyun Electric Equipment 603861.SS | China | $831M | -35% | +6% | 4% | 25.2× | n/a | n/a |
| Kunshan GuoLi Electronic Technology 688103.SS | China | $924M | +7% | +34% | 5% | 53.9× | 37.7% | +26.6% |
| Changshu Fengfan Power Equipment 601700.SS | China | $924M | 0% | +31% | -9% | n/a | n/a | n/a |
| Fujian Nanping Sun Cable 002300.SZ | China | $924M | -9% | +9% | 0% | n/a | 19.6% | +8.7% |