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Employees: 567
Size Beijing ConST Instruments Technology (300445.SZ) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $536M, the 3697th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.82 on 6 Nov 2026.
Performance Over six months the shares fell 23.1%, against -24.3% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +8.7%); the operating margin is 18.5% (peer median 1.3%).
Valuation It trades at 21.8× forward earnings against a peer median of 18.0× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.9 points above its cost of capital (8.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥652M | CN¥586M | CN¥572M | CN¥495M | CN¥412M |
| Revenue growth | — | +2% | +16% | +20% | — |
| Gross profit | CN¥442M | CN¥356M | CN¥353M | CN¥303M | CN¥245M |
| EBITDA | n/a | CN¥181M | CN¥172M | CN¥152M | CN¥119M |
| Net income | CN¥124M | CN¥104M | CN¥125M | CN¥102M | CN¥75.5M |
| Free cash flow | CN¥156M | CN¥173M | CN¥138M | CN¥2.91M | -CN¥15.8M |
| Capital expenditure | CN¥13.6M | CN¥22.6M | CN¥48.5M | CN¥109M | CN¥116M |
| Total debt | CN¥14.0M | CN¥18.7M | CN¥4.30M | CN¥6.69M | CN¥4.00M |
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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 | 300445.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | -11.7% | 6th highest of 21 |
| 6-month return | -23.1% | -24.3% | 11th highest of 21 |
| Distance from 52-week high | -43.4% | -47.2% | 10th highest of 21 |
| Revenue growth (TTM) | +7.5% | +8.7% | 10th lowest of 21 |
| Operating margin | 18.5% | 1.3% | 3rd highest of 21 |
| Forward P/E | 21.8× | 18.0× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 9.4% | 7.1% | 7th most demanding of 14 |
| Growth delivered (Del g) | +15.5% | +9.7% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | -6.1 pp | +1.7 pp | 4th least demanding of 14 |
| ROIC minus cost of capital | +7.9 pp | -3.8 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing ConST Instruments Technology 300445.SZ | China | $536M | -23% | +7% | 19% | 21.8× | 9.4% | +15.5% |
| IDEC 6652.T | Japan | $534M | -11% | +17% | 10% | 10.1× | 0.7% | +6.2% |
| Goldcard Smart 300349.SZ | China | $531M | -33% | -5% | 4% | 18.0× | 2.9% | +10.8% |
| Anhui Wanyi Science And Technology Co. Ltd. Class 1 688600.SS | China | $522M | -11% | +4% | 5% | 33.4× | 34.5% | +11.2% |
| Osaka Organic Chemical Industry 4187.T | Japan | $518M | -21% | +18% | 22% | 11.8× | 6.9% | +4.8% |
| YC Corporation 232140.KS | South Korea | $558M | -57% | +26% | 11% | 22.7× | 17.9% | +9.7% |
| Zhejiang Wellsun Intelligent Technology 300882.SZ | China | $510M | -35% | +13% | -1% | n/a | n/a | n/a |
| Shanghai Hi-Tech Control System 002184.SZ | China | $507M | -16% | -16% | -3% | n/a | n/a | n/a |
| SZZT Electronics 002197.SZ | China | $506M | -32% | +25% | -17% | n/a | n/a | n/a |
| Hebei Sailhero Environmental Protection High-Tech 300137.SZ | China | $569M | -56% | -17% | -13% | n/a | n/a | n/a |
| Espec 6859.T | Japan | $504M | +7% | +9% | 10% | 12.5× | 7.1% | +12.6% |
| Shanghai Aohua Photoelectricity Endoscope 688212.SS | China | $572M | -19% | +21% | -4% | 647.1× | n/a | n/a |
| Nippon Ceramic 6929.T | Japan | $501M | -14% | +3% | 23% | 12.7× | -4.5% | +9.8% |
| Donghua Testing Technology 300354.SZ | China | $574M | -23% | -7% | 18% | 35.0× | 22.6% | +20.9% |
| Merry Electronics 2439.TW | Taiwan | $493M | -26% | +9% | 2% | 17.9× | -5.0% | +6.2% |
| Shanghai W-Ibeda High Tech.Group 688071.SS | China | $586M | +39% | +10% | -6% | 87.0× | 25.1% | +11.0% |
| NanJing GOVA Technology 688539.SS | China | $589M | -43% | -9% | -18% | 49.1× | n/a | n/a |
| Guangzhou KingTeller Technology 002177.SZ | China | $590M | -31% | -9% | -17% | n/a | n/a | n/a |
| Integrated Electronic Systems Lab Co 002339.SZ | China | $486M | -34% | +11% | -2% | n/a | 15.8% | +8.2% |
| Wiscom System 002090.SZ | China | $485M | -27% | -4% | 1% | n/a | 34.3% | -3.4% |
| Adlink Technology 6166.TW | Taiwan | $593M | +14% | +27% | 10% | 15.3× | 5.0% | +4.1% |