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Shenzhen-based electronics manufacturer supplying power or electronic components to industrial customers.
Shenzhen-based electronics manufacturer supplying power or electronic components to industrial customers.
Moat: none
Headquarters: Shenzhen, Guangdong, China · Employees: 274
Size Shenzhen Minkave Technology (300506.SZ) is a China Industrials company (Electrical Products) with a market value of $716M, the 3015th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.35 on 6 Nov 2026.
Performance Over six months the shares fell 30.6%, against -21.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 7.2% over the last twelve months (peer median +10.4%); the operating margin is -97.7% (peer median 2.4%).
Valuation It trades at 37.0× enterprise value to sales against a peer median of 1.9× (most expensive of 21).
Capital Return on invested capital runs 21.4 points below its cost of capital (11.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥113M | CN¥180M | CN¥116M | CN¥80.9M | CN¥122M |
| Revenue growth | — | +54% | +44% | -34% | — |
| Gross profit | CN¥9.29M | CN¥14.7M | CN¥21.0M | CN¥4.52M | -CN¥26.4M |
| EBITDA | n/a | -CN¥142M | -CN¥104M | -CN¥250M | -CN¥389M |
| Net income | CN¥5.60M | -CN¥67.6M | -CN¥131M | -CN¥376M | -CN¥475M |
| Free cash flow | -CN¥90.0M | -CN¥94.1M | CN¥5.83M | -CN¥21.6M | -CN¥67.1M |
| Capital expenditure | CN¥6.81M | CN¥2.32M | CN¥113,234 | CN¥43.8M | CN¥31.6M |
| Total debt | CN¥5.51M | CN¥31.0M | CN¥263M | CN¥283M | CN¥341M |
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 | 300506.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.5% | -8.1% | lowest of 21 |
| 6-month return | -30.6% | -21.4% | 8th lowest of 21 |
| Distance from 52-week high | -54.5% | -43.3% | 3rd lowest of 21 |
| Revenue growth (TTM) | -7.2% | +10.4% | 5th lowest of 21 |
| Operating margin | -97.7% | 2.4% | 2nd lowest of 21 |
| EV / Sales | 37.0× | 1.9× | most expensive of 21 |
| ROIC minus cost of capital | -21.4 pp | -4.2 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Minkave Technology 300506.SZ | China | $716M | -31% | -7% | -98% | 37.0× | n/a | n/a |
| KSH International KSHINTL.NS | India | $720M | +59% | +61% | 6% | 1.6× | n/a | n/a |
| Ta Ya Electric Wire & Cable 1609.TW | Taiwan | $709M | -9% | +17% | 12% | 0.7× | n/a | n/a |
| Guangzhou Haoyang Electronic 300833.SZ | China | $729M | +3% | +10% | 18% | 3.1× | 5.1% | +23.3% |
| Qingdao Tianneng Heavy Industries 300569.SZ | China | $698M | -25% | +5% | 8% | 2.1× | 4.5% | +3.1% |
| Tianjin Guoan Mengguli New Materials Science and Technology 301487.SZ | China | $739M | -16% | +38% | 0% | 1.9× | 43.0% | +7.2% |
| Tianjin Jingwei Huikai Optoelectronic 300120.SZ | China | $693M | +9% | +30% | -2% | 1.7× | 53.3% | -3.7% |
| ADS-TEC Energy Public ADSE | United States | $692M | -18% | -42% | -224% | 25.0× | n/a | n/a |
| Jiangsu Zhenjiang New Energy Equipment 603507.SS | China | $742M | -43% | +41% | 10% | 1.7× | n/a | n/a |
| Jiangsu Tongguang Electronic Wire and Cable 300265.SZ | China | $690M | -43% | -4% | -1% | 1.9× | 36.9% | +11.8% |
| Anhui Coreach Technology 002983.SZ | China | $745M | -4% | -16% | 9% | 4.5× | 26.8% | +12.1% |
| ITM Power ITM.L | United Kingdom | $689M | -53% | +68% | -74% | 7.0× | n/a | n/a |
| Jiangsu Tongling Electric 301168.SZ | China | $747M | -2% | -24% | 0% | 4.3× | n/a | n/a |
| Shenzhen INVT Electric 002334.SZ | China | $750M | -21% | +12% | 1% | 1.1× | n/a | n/a |
| Henan Senyuan Electric 002358.SZ | China | $684M | -32% | +2% | 8% | 2.4× | n/a | n/a |
| Zhuhai Enpower Electric 300681.SZ | China | $751M | -47% | +74% | 3% | 1.1× | 18.2% | +55.9% |
| Henan Hengxing Science & Technology 002132.SZ | China | $681M | -29% | +3% | 1% | 1.4× | 10.0% | +12.7% |
| Zhongfu Shenying Carbon Fiber 688295.SS | China | $680M | -45% | +22% | 2% | 2.7× | n/a | n/a |
| Hiconics Eco-energy Technology 300048.SZ | China | $756M | -31% | -22% | -3% | 0.9× | n/a | n/a |
| Guangdong Rifeng Electric 002953.SZ | China | $679M | -22% | +11% | 3% | 1.1× | 19.7% | +22.7% |
| Huarui Electrical Appliance 300626.SZ | China | $678M | -6% | +7% | 5% | 5.5× | 45.1% | +2.5% |