Chinese maker of optical lenses and components; specific end-market not established from available knowledge.
Chinese maker of optical lenses and components; specific end-market not established from available knowledge.
Moat: none
Headquarters: China · Employees: 2,414
Size Union Optech (300691.SZ) is a China Information Technology company (Electronic Components) with a market value of $650M, the 3237th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.78 on 6 Nov 2026.
Performance Over six months the shares fell 16.0%, against -25.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 12.8% over the last twelve months (peer median +16.3%); the operating margin is 0.1% (peer median 5.1%).
Valuation It trades at 2.3× enterprise value to sales against a peer median of 2.2× (11th cheapest of 21).
Capital Return on invested capital runs 9.1 points below its cost of capital (9.1% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.17B | CN¥2.01B | CN¥1.87B | CN¥1.64B | CN¥1.50B |
| Revenue growth | — | +7% | +14% | +10% | — |
| Gross profit | CN¥467M | CN¥451M | CN¥405M | CN¥338M | CN¥325M |
| EBITDA | CN¥111M | CN¥70.6M | CN¥115M | CN¥118M | CN¥99.7M |
| Net income | CN¥37.3M | CN¥9.26M | CN¥38.6M | CN¥64.3M | CN¥55.9M |
| Free cash flow | -CN¥7.69M | -CN¥12.1M | -CN¥261M | CN¥70.6M | -CN¥29.1M |
| Capital expenditure | CN¥177M | CN¥139M | CN¥288M | CN¥139M | CN¥167M |
| Total debt | CN¥1.17B | CN¥839M | CN¥837M | CN¥539M | CN¥593M |
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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 | 300691.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.0% | -14.6% | 9th lowest of 21 |
| 6-month return | -16.0% | -25.9% | 6th highest of 21 |
| Distance from 52-week high | -39.2% | -49.9% | 7th highest of 21 |
| Revenue growth (TTM) | +12.8% | +16.3% | 9th lowest of 21 |
| Operating margin | 0.1% | 5.1% | 7th lowest of 21 |
| EV / Sales | 2.3× | 2.2× | 11th cheapest of 21 |
| ROIC minus cost of capital | -9.1 pp | -2.5 pp | 5th lowest of 21 |
| EV / EBITDA | 45.8× | 18.5× | most expensive of 9 |
| Net debt / EBITDA | 7.0× | -0.7× | 2nd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | 2.3× | n/a | n/a |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 8.1× | 26.2% | +11.7% |
| Newonder Special Electric 301120.SZ | China | $654M | -39% | +22% | 1% | 6.9× | 56.0% | +4.2% |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | 3.5× | n/a | n/a |
| Yamaichi Electronics 6941.T | Japan | $670M | -45% | +29% | 24% | 1.6× | 4.7% | +13.7% |
| Dalian Dalicap Technology 301566.SZ | China | $670M | -20% | +41% | 45% | 7.1× | 18.4% | +10.8% |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | 3.2× | n/a | n/a |
| Q Technology (Group) 1478.HK | Hong Kong | $674M | -50% | +31% | 3% | 0.2× | n/a | n/a |
| Hosiden 6804.T | Japan | $675M | -24% | +41% | 5% | 0.1× | -18.5% | +13.9% |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 0.9× | n/a | n/a |
| Yutong Heavy Industries 600817.SS | China | $685M | -25% | -13% | 9% | 0.9× | -4.9% | +0.1% |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 3.0× | n/a | n/a |
| ACES Electronics 3605.TW | Taiwan | $689M | +43% | +9% | 6% | 1.9× | n/a | n/a |
| Unitech Printed Circuit Board 2367.TW | Taiwan | $701M | -46% | -13% | -5% | 2.0× | n/a | n/a |
| Zhejiang Yonggui Electric Equipment 300351.SZ | China | $703M | -47% | +15% | -1% | 2.0× | n/a | n/a |
| Isvision (Hangzhou) Technology 688816.SS | China | $713M | -23% | +14% | 11% | 7.1× | 27.0% | +26.3% |
| Anhui Tongfeng Electronics 600237.SS | China | $714M | -15% | -6% | 10% | 3.1× | 19.8% | +10.7% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 2.4× | 39.1% | +4.0% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 1.6× | 52.2% | +2.6% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 2.6× | 18.6% | +12.2% |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 1.7× | 45.5% | +3.4% |