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Chinese maker of fiber-optic passive components and connectors used in telecom and data-center networks.
Chinese maker of fiber-optic passive components and connectors used in telecom and data-center networks.
In one line: A China-based peer to smaller US fiber-optic component makers.
Moat: none (process know-how). Commodity fiber-optic passive component manufacturing in a fragmented, price-competitive market.
Headquarters: Zhuhai, China · Founded: 2003 · Employees: 4,203
Size Advanced Fiber Resources Zhuhai (300620.SZ) is a China Information Technology company (Electronic Components) with a market value of $6.50B, the 379th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥174.38 on 6 Nov 2026.
Performance Over six months the shares fell 26.7%, against -14.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 85.7% over the last twelve months (peer median +23.2%); the operating margin is 17.8% (peer median 10.1%).
Valuation It trades at 107.0× forward earnings against a peer median of 22.7× (4th most expensive of 19).
Capital Return on invested capital runs 1.7 points below its cost of capital (15.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.34B | CN¥1.47B | CN¥992M | CN¥706M | CN¥641M |
| Revenue growth | — | +48% | +40% | +10% | — |
| Gross profit | CN¥942M | CN¥459M | CN¥290M | CN¥208M | CN¥215M |
| EBITDA | n/a | CN¥248M | CN¥109M | CN¥71.8M | CN¥81.8M |
| Net income | CN¥352M | CN¥177M | CN¥67.0M | CN¥59.6M | CN¥118M |
| Free cash flow | -CN¥179M | CN¥121M | CN¥35.6M | CN¥2.42M | CN¥822M |
| Capital expenditure | CN¥218M | CN¥113M | CN¥152M | CN¥238M | CN¥260M |
| Total debt | CN¥1.67B | CN¥967M | CN¥540M | CN¥21.0M | CN¥56.9M |
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 |
|---|---|---|---|---|---|---|
| Advanced Fiber Resources Zhuhai 300620.SZ | $6.50B | -27% | +86% | 18% | 107.0× | n/a |
| Accelink Technologies 002281.SZ | $10.8B | -37% | +32% | 11% | 42.6× | n/a |
| Corning GLW | $91.4B | -43% | +19% | 17% | 25.4× | 24.7% |
| Furukawa Electric 5801.T | $8.75B | -54% | +13% | 6% | 11.9× | 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 | 300620.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.5% | -33.1% | 9th highest of 21 |
| 6-month return | -26.7% | -14.5% | 7th lowest of 20 |
| Distance from 52-week high | -57.8% | -50.1% | 7th lowest of 21 |
| Revenue growth (TTM) | +85.7% | +23.2% | 2nd highest of 21 |
| Operating margin | 17.8% | 10.1% | 7th highest of 21 |
| Forward P/E | 107.0× | 22.7× | 4th most expensive of 19 |
| ROIC minus cost of capital | -1.7 pp | -2.0 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 57.3× | n/a | n/a |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 10.7× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | n/a | 53.4% | +36.1% |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 202.4× | n/a | n/a |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 25.9× | 46.0% | +6.6% |
| TTM Technologies TTMI | United States | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% | +6.7% |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Shenzhen Kinwong Electronic 3228.HK | Hong Kong | $7.87B | n/a | +40% | 12% | 15.8× | n/a | n/a |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Shengyi Electronics 688183.SS | China | $7.95B | -44% | +46% | 21% | 19.4× | n/a | n/a |
| Taiwan Union Technology 6274.TWO | Taiwan | $8.21B | -26% | +87% | 23% | 13.9× | n/a | n/a |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |