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Chinese maker of high-speed optical transceivers connecting servers and switches inside AI data centers.
Chinese maker of high-speed optical transceivers connecting servers and switches inside AI data centers.
Sells optical modules, the plug-in parts that carry data between servers and switches, to a small number of cloud and networking customers that qualify suppliers over many months. Volume depends on cloud companies' AI spending and on being chosen at each new speed generation. It is a close peer of Innolight.
In one line: China's Coherent/Lumentum for AI datacenter optics.
Moat: narrow (scale, process know-how, customer qualification). Qualified into major hyperscaler AI networking supply chains; scale and yield matter more than patents here.
Headquarters: Wuhan, China · Founded: 2006 · Employees: 8,537
Size Eoptolink Technology (300502.SZ) is a China Industrials company (Industrial Machinery) with a market value of $36.0B, the 49th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥172.10 on 6 Nov 2026.
Performance Over six months the shares fell 54.2%, against -7.0% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 100.7% over the last twelve months (peer median +8.1%); the operating margin is 44.4% (peer median 16.9%).
Valuation It trades at 12.3× forward earnings against a peer median of 24.2× (2nd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +66%, so the hurdle is -44 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.8 points above its cost of capital (16.1% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥40.2B | CN¥24.8B | CN¥8.60B | CN¥3.08B | CN¥3.31B |
| Revenue growth | — | +188% | +179% | -7% | — |
| Gross profit | CN¥19.6B | CN¥11.7B | CN¥3.75B | CN¥904M | CN¥1.18B |
| EBITDA | n/a | CN¥10.9B | CN¥3.26B | CN¥807M | CN¥881M |
| Net income | CN¥14.6B | CN¥9.53B | CN¥2.84B | CN¥688M | CN¥904M |
| Free cash flow | CN¥2.31B | CN¥6.38B | -CN¥834M | CN¥702M | CN¥472M |
| Capital expenditure | CN¥2.22B | CN¥1.32B | CN¥1.48B | CN¥554M | CN¥365M |
| Total debt | CN¥2.92B | CN¥1.57B | CN¥680M | CN¥66.8M | CN¥191M |
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 |
|---|---|---|---|---|---|---|
| Eoptolink Technology 300502.SZ | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% |
| Zhongji Innolight 300308.SZ | $79.4B | -48% | +162% | 41% | 15.4× | 23.2% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Fabrinet FN | $11.7B | -47% | +43% | 10% | 15.6× | 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 | 300502.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -54.5% | -3.0% | lowest of 21 |
| 6-month return | -54.2% | -7.0% | lowest of 20 |
| Distance from 52-week high | -72.2% | -30.7% | lowest of 21 |
| Revenue growth (TTM) | +100.7% | +8.1% | 2nd highest of 21 |
| Operating margin | 44.4% | 16.9% | highest of 21 |
| Forward P/E | 12.3× | 24.2× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 21.7% | 16.6% | 6th most demanding of 19 |
| Growth delivered (Del g) | +65.5% | +9.2% | highest of 19 |
| Hurdle (Req g minus delivered) | -43.9 pp | +3.4 pp | least demanding of 19 |
| ROIC minus cost of capital | +39.8 pp | +4.3 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Veralto VLTO | United States | $28.5B | +35% | +6% | 22% | 24.6× | 8.3% | +4.8% |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| Alfa Laval ALFA.ST | Sweden | $22.5B | 0% | +4% | 18% | 24.2× | 7.9% | +10.9% |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Smc 6273.T | Japan | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% | +8.8% |
| Zhejiang Sanhua Intelligent Controls 002050.SZ | China | $21.5B | -28% | +3% | 15% | 33.3× | 23.8% | +20.8% |
| NAURA Technology 002371.SZ | China | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% | +45.5% |
| VAT VACN.SW | Switzerland | $19.0B | -11% | -2% | 25% | 48.2× | 25.8% | +9.2% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Honeywell Technologies HON | United States | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% | +2.8% |