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Hebei-based electronics manufacturer supplying components to industrial or telecom customers.
Hebei-based electronics manufacturer supplying components to industrial or telecom customers.
Moat: none
Headquarters: Shijiazhuang, Hebei, China · Employees: 1,838
Size Shijiazhuang Tonhe Electronics Technologies (300491.SZ) is a China Industrials company (Electrical Products) with a market value of $566M, the 3568th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.25 on 6 Nov 2026.
Performance Over six months the shares fell 17.6%, against -29.9% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 32.8% over the last twelve months (peer median +7.9%); the operating margin is 0.7% (peer median 1.7%).
Valuation It trades at 30.8× forward earnings against a peer median of 21.6× (4th most expensive of 9).
Capital Return on invested capital runs 10.4 points below its cost of capital (12.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.92B | CN¥1.55B | CN¥1.20B | CN¥1.00B | CN¥635M |
| Revenue growth | — | +29% | +20% | +58% | — |
| Gross profit | CN¥415M | CN¥357M | CN¥309M | CN¥318M | CN¥183M |
| EBITDA | n/a | CN¥54.5M | CN¥56.7M | CN¥111M | CN¥49.7M |
| Net income | CN¥31.6M | CN¥40.2M | CN¥23.9M | CN¥103M | CN¥44.4M |
| Free cash flow | -CN¥446,390 | -CN¥11.7M | CN¥586,450 | -CN¥172M | -CN¥65.3M |
| Capital expenditure | CN¥207M | CN¥85.3M | CN¥57.8M | CN¥187M | CN¥61.2M |
| Total debt | CN¥1.12B | CN¥559M | CN¥476M | CN¥331M | CN¥154M |
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 | 300491.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.9% | -11.3% | 2nd lowest of 21 |
| 6-month return | -17.6% | -29.9% | 5th highest of 21 |
| Distance from 52-week high | -50.5% | -50.8% | 10th highest of 21 |
| Revenue growth (TTM) | +32.8% | +7.9% | 4th highest of 20 |
| Operating margin | 0.7% | 1.7% | 10th lowest of 20 |
| Forward P/E | 30.8× | 21.6× | 4th most expensive of 9 |
| ROIC minus cost of capital | -10.4 pp | -7.2 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shijiazhuang Tonhe Electronics Technologies 300491.SZ | China | $566M | -18% | +33% | 1% | 30.8× | n/a | n/a |
| Centiel CNTL.SW | Switzerland | $570M | +45% | -100% | n/a | 55.8× | n/a | n/a |
| L.G. Balakrishnan & Bros LGBBROSLTD.NS | India | $562M | -4% | +21% | 11% | 16.3× | n/a | n/a |
| Weihai Honglin Electronic 301439.SZ | China | $559M | -24% | +18% | 5% | n/a | n/a | n/a |
| Cinderson Tech (Suzhou) 603344.SS | China | $555M | -30% | +7% | 6% | 12.9× | 7.0% | +9.3% |
| Shaanxi Baoguang Vacuum Electronic Apparatus 600379.SS | China | $580M | -30% | +7% | 5% | 43.4× | 37.9% | +7.0% |
| Nanjing Quanxin Cable Technology 300447.SZ | China | $581M | -35% | +8% | 4% | n/a | 29.2% | +3.3% |
| Nanjing CIGU Technology 688448.SS | China | $581M | -15% | -18% | -7% | 73.7× | n/a | n/a |
| SEC Electric Machinery 603988.SS | China | $585M | -33% | -15% | 0% | n/a | n/a | n/a |
| XP Power XPP.L | United Kingdom | $589M | -17% | -1% | 2% | 21.2× | 50.9% | -0.3% |
| Energy Vault NRGV | United States | $589M | -28% | +337% | -33% | n/a | n/a | n/a |
| Zhejiang Mustang Battery 605378.SS | China | $544M | -32% | -11% | 2% | n/a | n/a | n/a |
| Suzhou Longway Electronic Machinery 301202.SZ | China | $589M | -25% | +27% | 6% | n/a | n/a | n/a |
| Sanyou 300932.SZ | China | $544M | -21% | +14% | 6% | n/a | n/a | n/a |
| Ballard Power Systems BLDP.TO | Canada | $541M | -66% | +45% | -47% | n/a | n/a | n/a |
| Chongqing Wangbian Electric (Group) 603191.SS | China | $594M | -42% | +5% | -1% | 22.0× | n/a | n/a |
| Jiangsu Yangdian Science & Technology 301012.SZ | China | $596M | -43% | 0% | 5% | n/a | 14.5% | +23.9% |
| Nano Nuclear Energy NNE | United States | $597M | -60% | n/a | -24,545% | n/a | n/a | n/a |
| Shenzhen Bromake New Material 301387.SZ | China | $602M | -45% | +25% | -1% | 16.9× | n/a | n/a |
| Ceepower 300062.SZ | China | $532M | -27% | +19% | -7% | n/a | 6.6% | +4.1% |
| Enovix ENVX | United States | $606M | -58% | +35% | -497% | n/a | n/a | n/a |