Loading…
Xiamen maker of integrated optical-sensor packages for phones and wearables, plus LED lighting, energy-management, materials and medical-beauty units.
Xiamen maker of integrated optical-sensor packages for phones and wearables, plus LED lighting, energy-management, materials and medical-beauty units.
Earns from assembling and testing optical-sensor packages that go into smartphones, wearables, drones and robots, a shift from its older LED-packaging and lighting business, which it still runs. Other units cover energy management, new materials and medical-beauty services.
Moat: none (process know-how). Advanced sensor-packaging know-how, but a small player against larger packaging houses.
Headquarters: Xiamen, China · Founded: 1994 · Employees: 1,468
Size Xiamen Guangpu Electronics (300632.SZ) is a China Information Technology company (Semiconductors) with a market value of $612M, the 3375th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.62 on 6 Nov 2026.
Performance Over six months the shares fell 44.3%, against -26.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 19 in its peer set.
Growth Revenue fell 0.8% over the last twelve months (peer median +15.8%); the operating margin is -12.7% (peer median 2.8%).
Valuation It trades at 4.4× enterprise value to sales against a peer median of 3.4× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 38% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +41 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 14.0 points below its cost of capital (10.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥774M | CN¥801M | CN¥800M | CN¥893M | CN¥823M |
| Revenue growth | — | 0% | -10% | +9% | — |
| Gross profit | CN¥202M | CN¥162M | CN¥212M | CN¥238M | CN¥214M |
| EBITDA | n/a | CN¥17.1M | CN¥61.3M | CN¥70.2M | CN¥77.3M |
| Net income | -CN¥76.4M | -CN¥12.7M | CN¥52.2M | CN¥89.3M | CN¥52.5M |
| Free cash flow | CN¥45.3M | CN¥1.81M | CN¥48.6M | CN¥134M | CN¥13.0M |
| Capital expenditure | CN¥36.4M | CN¥44.1M | CN¥62.1M | CN¥50.8M | CN¥82.3M |
| Total debt | CN¥792M | CN¥669M | CN¥385M | CN¥417M | CN¥462M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Xiamen Guangpu Electronics 300632.SZ | $612M | -44% | -1% | -13% | 4.4× | 37.5% |
| Foshan Nationstar Optoelectronics 002449.SZ | $557M | -24% | -17% | -6% | 1.4× | n/a |
| MLS 002745.SZ | $2.36B | +11% | +19% | -4% | 0.8× | 2.4% |
| Hongli Zhihui 300219.SZ | $638M | -22% | +10% | 3% | 1.0× | 8.3% |
| ams-OSRAM AMS.SW | $1.78B | -16% | -3% | 8% | 0.9× | 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 | 300632.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.5% | -19.6% | 10th highest of 21 |
| 6-month return | -44.3% | -26.4% | 5th lowest of 19 |
| Distance from 52-week high | -67.8% | -51.8% | 5th lowest of 21 |
| Revenue growth (TTM) | -0.8% | +15.8% | 6th lowest of 20 |
| Operating margin | -12.7% | 2.8% | 4th lowest of 20 |
| EV / Sales | 4.4× | 3.4× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 37.5% | 13.5% | 3rd most demanding of 10 |
| Growth delivered (Del g) | -3.6% | +7.6% | 2nd lowest of 10 |
| Hurdle (Req g minus delivered) | +41.1 pp | +1.4 pp | most demanding of 10 |
| ROIC minus cost of capital | -14.0 pp | -2.5 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen Guangpu Electronics 300632.SZ | China | $612M | -44% | -1% | -13% | 4.4× | 37.5% | -3.6% |
| Global Mixed-Mode Technology 8081.TW | Taiwan | $612M | -11% | -1% | 17% | 1.9× | -2.8% | +3.2% |
| Xi'an Peri Power Semiconductor Converting Technology 300831.SZ | China | $613M | -34% | +107% | 34% | 14.6× | n/a | n/a |
| Viewtrix Technology 3310.HK | Hong Kong | $608M | n/a | +24% | -22% | 2.6× | n/a | n/a |
| Halo Microelectronics 688173.SS | China | $606M | -42% | +11% | -14% | 3.9× | n/a | n/a |
| Tyntek 2426.TW | Taiwan | $619M | -2% | -6% | 1% | 8.4× | n/a | n/a |
| ITE Tech 3014.TW | Taiwan | $620M | -6% | -4% | 27% | 2.2× | -8.4% | +7.6% |
| Shenzhen Kiwi Instruments 688045.SS | China | $604M | -3% | +45% | 8% | 3.4× | 31.6% | +9.7% |
| KoMiCo 183300.KS | South Korea | $621M | +14% | +22% | 15% | 2.3× | n/a | n/a |
| Jiangxi Lianchuang Optoelectronic Science & Tech 600363.SS | China | $603M | -82% | -10% | 1% | 2.4× | n/a | n/a |
| First Sensor SIS.DE | Germany | $591M | -6% | -18% | 7% | 5.7× | 13.5% | -7.4% |
| Macmic Science & Technology 688711.SS | China | $635M | -27% | +16% | -3% | 3.1× | 49.0% | +32.4% |
| Hongli Zhihui 300219.SZ | China | $638M | -22% | +10% | 3% | 1.0× | 8.3% | +6.9% |
| Shenzhen SOSEN Electronics 301002.SZ | China | $587M | -39% | +22% | 2% | 3.4× | n/a | n/a |
| Centera Photonics 7917.TWO | Taiwan | $579M | n/a | n/a | n/a | n/a | n/a | n/a |
| Silicon Integrated Systems 2363.TW | Taiwan | $649M | -25% | +78% | 2% | 4.3× | 28.1% | +77.5% |
| Silex Systems SLX.AX | Australia | $574M | -49% | +89% | -33% | 47.3× | 43.3% | +48.1% |
| Formosa Advanced Technologies 8131.TW | Taiwan | $655M | -29% | +37% | 16% | 1.5× | n/a | n/a |
| Taiwan Microloops 6831.TW | Taiwan | $569M | -46% | +117% | 12% | 4.6× | n/a | n/a |
| Jiangsu Transimage Technology 002866.SZ | China | $567M | -49% | -5% | 3% | 1.9× | 12.9% | +4.2% |
| Shanghai Orient-Chip Technology 688061.SS | China | $664M | +14% | +4% | -9% | 5.1× | n/a | n/a |