Which companies are Dark Horse Technology's closest peers?

The cockpit's peer set: Zhejiang Zhongxin Fluoride Materials (002915.SZ), Xi'an Xice Testing Technology (301306.SZ), Daqian Ecology & Environment (603955.SS), Shandong Link Science and Technology (001207.SZ), Damon Technology (688360.SS), SEP Analytical (Shanghai) (301228.SZ), Shaanxi Lighte Optoelectronics Material (688150.SS), Guizhou Zhenhua E-Chem (688707.SS).

Is Dark Horse Technology expensive compared with its peers?

On forward p/e it trades at 57.9× against a peer median of 12.3×, 3rd most expensive of 12 in its peer set.

How has Dark Horse Technology stock performed?

Over six months to 6 Nov 2026 the shares returned +18.1% against -14.1% for the median peer; over one year +7.5%.

← CockpitCompetitor Analysis › 300688.SZ Dark Horse Technology Group Co. Ltd. Class AOpen in the cockpit ↗

Dark Horse Technology Group Co. Ltd. Class A300688.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Miscellaneous Commercial Services

Momentum leader 87

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$770M

US dollars, full cap

Free float

87%

of shares outstanding

$/day

$35.0M

20-day average traded

Fwd P/E

57.9×

forward earnings

ROIC−WACC

-17.7 pp

WACC 7.5%

Hurdle

n/a

no reverse DCF

Next earnings

173 days

28 Apr 2027

Close · CNYCN¥30.69

1D+3.3%

1W+8.3%

1M-5.9%

3M-2.3%

6M+18.1%

YTD+5.1%

1Y+7.5%

ATR %8.2%

52w lowhigh18.8% off high

What Dark Horse Technology does

Employees: 586

Dark Horse Technology at a glance

Size Dark Horse Technology (300688.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $770M, the 2852nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.69 on 6 Nov 2026.

Performance Over six months the shares gained 18.1%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue fell 31.8% over the last twelve months (peer median +7.5%); the operating margin is -33.1% (peer median 2.5%).

Valuation It trades at 57.9× forward earnings against a peer median of 12.3× (3rd most expensive of 12).

Capital Return on invested capital runs 17.7 points below its cost of capital (7.5% WACC).

Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Dark Horse Technology against the median of its 20 peers (local-currency closes).

Dark Horse Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥113M	CN¥140M	CN¥221M	CN¥270M	CN¥345M
Revenue growth	—	-37%	-18%	-22%	—
Gross profit	CN¥72.0M	CN¥57.8M	CN¥74.9M	CN¥130M	CN¥77.8M
EBITDA	n/a	-CN¥48.2M	-CN¥82.5M	CN¥7.29M	-CN¥77.2M
Net income	-CN¥30.3M	-CN¥49.1M	-CN¥106M	CN¥9.66M	-CN¥83.3M
Free cash flow	-CN¥182M	-CN¥53.4M	-CN¥30.4M	-CN¥29.1M	-CN¥21.8M
Capital expenditure	CN¥134M	CN¥321,532	CN¥7.90M	CN¥19.9M	CN¥26.4M
Total debt	CN¥4.11M	CN¥6.54M	CN¥18.2M	CN¥18.6M	CN¥31.2M

Quarterly statements and history in the cockpit →

Dark Horse Technology competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Dark Horse Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Dark Horse Technology is the large dot.

Dark Horse Technology competitors and peer comparison

How Dark Horse Technology compares with its peers

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.

Dark Horse Technology against its 20 peers (data as of 6 Nov 2026)
Measure	300688.SZ	Peer median	Rank in peer set
1-month return	-5.9%	-2.9%	10th lowest of 21
6-month return	+18.1%	-14.1%	4th highest of 21
Distance from 52-week high	-18.8%	-44.5%	6th highest of 21
Revenue growth (TTM)	-31.8%	+7.5%	2nd lowest of 21
Operating margin	-33.1%	2.5%	3rd lowest of 21
Forward P/E	57.9×	12.3×	3rd most expensive of 12
ROIC minus cost of capital	-17.7 pp	-4.8 pp	3rd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Dark Horse Technology 300688.SZ	China	$770M	+18%	-32%	-33%	57.9×	n/a	n/a
Zhejiang Zhongxin Fluoride Materials 002915.SZ	China	$767M	-17%	+8%	2%	66.3×	n/a	n/a
Xi'an Xice Testing Technology 301306.SZ	China	$766M	-53%	+21%	-27%	n/a	n/a	n/a
Daqian Ecology & Environment 603955.SS	China	$776M	+21%	+217%	-53%	n/a	n/a	n/a
Shandong Link Science and Technology 001207.SZ	China	$777M	-7%	+7%	13%	12.3×	-4.6%	+18.9%
Damon Technology 688360.SS	China	$779M	+8%	+19%	7%	7.2×	12.3%	+17.1%
SEP Analytical (Shanghai) 301228.SZ	China	$757M	-24%	+5%	-9%	n/a	n/a	n/a
Shaanxi Lighte Optoelectronics Material 688150.SS	China	$787M	-44%	+14%	39%	40.0×	n/a	n/a
Guizhou Zhenhua E-Chem 688707.SS	China	$754M	-40%	+15%	-17%	n/a	3.7%	+6.6%
Gubra A/S GUBRA.CO	Denmark	$746M	-6%	-90%	-72%	n/a	n/a	n/a
Shenzhen L&A Design 300949.SZ	China	$744M	+103%	0%	-28%	n/a	n/a	n/a
Msscorps 6830.TW	Taiwan	$744M	-57%	+17%	3%	96.2×	n/a	n/a
Huatu Cendes 300492.SZ	China	$800M	-44%	-8%	-2%	n/a	17.6%	+91.2%
AXISCADES Technologies AXISCADES.NS	India	$802M	-17%	+5%	10%	7.8×	n/a	n/a
transcosmos 9715.T	Japan	$802M	-12%	+6%	4%	9.6×	-18.5%	+3.2%
China Machinery Huanyu Certification & Inspection 301508.SZ	China	$738M	-20%	+10%	21%	n/a	6.8%	+15.4%
Credit CCP.AX	Australia	$738M	+37%	+7%	26%	9.5×	2.1%	+11.1%
Omat Advanced Materials (Guangdong) 688530.SS	China	$809M	-16%	+82%	9%	n/a	n/a	n/a
Worldline WLN.PA	France	$732M	+9%	-18%	2%	5.4×	17.6%	+10.4%
Beyondsoft 002649.SZ	China	$813M	-12%	-6%	2%	25.5×	8.3%	+9.2%
Wuxi Jinyang Precision Manufacturing 301210.SZ	China	$729M	+8%	+57%	6%	40.6×	n/a	n/a

Questions

Which companies are Dark Horse Technology's closest peers?: The cockpit's peer set: Zhejiang Zhongxin Fluoride Materials (002915.SZ), Xi'an Xice Testing Technology (301306.SZ), Daqian Ecology & Environment (603955.SS), Shandong Link Science and Technology (001207.SZ), Damon Technology (688360.SS), SEP Analytical (Shanghai) (301228.SZ), Shaanxi Lighte Optoelectronics Material (688150.SS), Guizhou Zhenhua E-Chem (688707.SS).
Is Dark Horse Technology expensive compared with its peers?: On forward p/e it trades at 57.9× against a peer median of 12.3×, 3rd most expensive of 12 in its peer set.
How has Dark Horse Technology stock performed?: Over six months to 6 Nov 2026 the shares returned +18.1% against -14.1% for the median peer; over one year +7.5%.