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Chinese maker of infrared optical materials, infrared lenses/detectors and thermal-imaging cameras.
Chinese maker of infrared optical materials, infrared lenses/detectors and thermal-imaging cameras.
In one line: China's answer to FLIR/Teledyne in infrared optics and thermal cameras.
Moat: narrow (IP / patents, process know-how). Vertically integrated from raw infrared materials to finished thermal cameras, a capability few domestic peers match.
Headquarters: Harbin, China · Founded: 2006 · Employees: 2,492
Size Optics Technology (300489.SZ) is a China Information Technology company (Electronic Components) with a market value of $4.07B, the 627th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥194.99 on 6 Nov 2026.
Performance Over six months the shares gained 101.4%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 40.5% over the last twelve months (peer median +21.1%); the operating margin is 10.7% (peer median 12.8%).
Valuation It trades at 125.0× forward earnings against a peer median of 34.2× (2nd most expensive of 19).
Capital Return on invested capital runs 1.6 points below its cost of capital (9.3% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.73B | CN¥2.08B | CN¥1.45B | CN¥1.00B | CN¥929M |
| Revenue growth | — | +43% | +45% | +8% | — |
| Gross profit | CN¥906M | CN¥499M | CN¥357M | CN¥120M | CN¥153M |
| EBITDA | n/a | CN¥270M | CN¥230M | -CN¥86.5M | CN¥3.42M |
| Net income | CN¥60.1M | -CN¥33.2M | CN¥12.3M | -CN¥241M | -CN¥114M |
| Free cash flow | -CN¥218M | -CN¥108M | -CN¥340M | -CN¥180M | -CN¥455M |
| Capital expenditure | CN¥286M | CN¥135M | CN¥174M | CN¥221M | CN¥435M |
| Total debt | CN¥2.63B | CN¥2.42B | CN¥2.20B | CN¥2.70B | CN¥2.36B |
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 |
|---|---|---|---|---|---|---|
| Optics Technology 300489.SZ | $4.07B | +101% | +40% | 11% | 125.0× | n/a |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
| Wuhan Guide Infrared 002414.SZ | $6.46B | -32% | +89% | 29% | 37.4× | n/a |
| iRay Technology 688301.SS | $3.54B | -8% | +58% | 24% | 27.5× | n/a |
| Zhejiang Dahua Technology 002236.SZ | $7.04B | -21% | +7% | 7% | 12.3× | n/a |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
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 | 300489.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.9% | -26.8% | 11th highest of 21 |
| 6-month return | +101.4% | -15.4% | highest of 20 |
| Distance from 52-week high | -40.9% | -52.0% | 5th highest of 21 |
| Revenue growth (TTM) | +40.5% | +21.1% | 6th highest of 21 |
| Operating margin | 10.7% | 12.8% | 10th lowest of 21 |
| Forward P/E | 125.0× | 34.2× | 2nd most expensive of 19 |
| ROIC minus cost of capital | -1.6 pp | -0.0 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |