Chinese lighting/electronics company; TradingView tags it as Semiconductors but the exact business (possibly LED stage/architectural lighting) is not confirmed.
Chinese lighting/electronics company; TradingView tags it as Semiconductors but the exact business (possibly LED stage/architectural lighting) is not confirmed.
Moat: narrow
Headquarters: China · Employees: 1,633
Size Focus Lightings Tech (300708.SZ) is a China Information Technology company (Semiconductors) with a market value of $1.07B, the 2174th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.59 on 6 Nov 2026.
Performance Over six months the shares fell 14.2%, against -29.4% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 38.1% over the last twelve months (peer median +9.5%); the operating margin is 9.0% (peer median 3.4%).
Valuation It trades at 28.6× forward earnings against a peer median of 36.9× (7th cheapest of 17).
Capital Return on invested capital runs 0.4 points below its cost of capital (7.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.00B | CN¥3.13B | CN¥2.76B | CN¥2.48B | CN¥2.03B |
| Revenue growth | — | +13% | +11% | +22% | — |
| Gross profit | CN¥561M | CN¥413M | CN¥348M | CN¥229M | CN¥166M |
| EBITDA | n/a | CN¥397M | CN¥329M | CN¥196M | CN¥81.7M |
| Net income | CN¥180M | CN¥205M | CN¥196M | CN¥121M | -CN¥63.4M |
| Free cash flow | -CN¥812M | CN¥46.0M | CN¥893M | CN¥79.8M | CN¥104M |
| Capital expenditure | CN¥618M | CN¥510M | CN¥539M | CN¥142M | CN¥391M |
| Total debt | CN¥1.57B | CN¥1.66B | CN¥1.47B | CN¥1.55B | CN¥1.60B |
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| Measure | 300708.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.2% | -14.1% | 11th highest of 21 |
| 6-month return | -14.2% | -29.4% | 5th highest of 21 |
| Distance from 52-week high | -39.4% | -52.0% | 2nd highest of 21 |
| Revenue growth (TTM) | -38.1% | +9.5% | 2nd lowest of 21 |
| Operating margin | 9.0% | 3.4% | 7th highest of 21 |
| Forward P/E | 28.6× | 36.9× | 7th cheapest of 17 |
| ROIC minus cost of capital | -0.4 pp | -6.7 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Focus Lightings Tech 300708.SZ | China | $1.07B | -14% | -38% | 9% | 28.6× | n/a | n/a |
| Semitronix 301095.SZ | China | $1.07B | -35% | +29% | 0% | 59.8× | 58.0% | +42.7% |
| Scientech 3583.TW | Taiwan | $1.07B | -46% | +9% | 14% | 16.0× | 10.4% | +26.0% |
| Eastcompeace Technology 002017.SZ | China | $1.08B | -34% | +4% | 10% | n/a | 30.4% | +4.5% |
| GCS 4991.TWO | Taiwan | $1.06B | -61% | +52% | 20% | 37.8× | 39.2% | +8.2% |
| Guizhou Zhenhua Fengguang Semiconductor 688439.SS | China | $1.05B | -28% | -39% | 4% | 14.9× | 18.6% | +16.1% |
| Telink Semiconductor (Shanghai) 688591.SS | China | $1.05B | -15% | +7% | 4% | 82.2× | n/a | n/a |
| Wuxi Chipown Micro-electronics 688508.SS | China | $1.09B | -35% | +12% | -4% | 36.1× | n/a | n/a |
| Beijing Jingyuntong Technology 601908.SS | China | $1.05B | -26% | -32% | -49% | n/a | -5.1% | -5.1% |
| Beijing OnMicro Electronics 688790.SS | China | $1.04B | -51% | -10% | -16% | n/a | 41.4% | +26.8% |
| Zhuhai Aerospace Microchips Science & Technology 300053.SZ | China | $1.10B | -40% | +10% | -114% | n/a | n/a | n/a |
| Suzhou Good-Ark Electronics 002079.SZ | China | $1.10B | -31% | +12% | 2% | 42.7× | 32.5% | +17.1% |
| Guangdong Fuxin Technology 688662.SS | China | $1.10B | +19% | +15% | 13% | 73.2× | n/a | n/a |
| Shanghai Fortune Techgroup 300493.SZ | China | $1.04B | -15% | +3% | 3% | 59.6× | 35.9% | +15.8% |
| Wuxi DK Electronic Materials 300842.SZ | China | $1.03B | -48% | +36% | 4% | 34.2× | n/a | n/a |
| Wafer Works (Shanghai) 688584.SS | China | $1.11B | -6% | -1% | 7% | 74.8× | n/a | n/a |
| CCore Technology 688262.SS | China | $1.13B | -43% | +104% | -51% | 372.5× | n/a | n/a |
| Sino Wealth Electronic 300327.SZ | China | $1.13B | -18% | +7% | 1% | 25.7× | 58.7% | +4.9% |
| Hannstar Display 6116.TW | Taiwan | $1.01B | +43% | +4% | -25% | 18.4× | 14.9% | -10.2% |
| Fujiyama Power Systems UTLSOLAR.NS | India | $1.14B | +23% | +72% | 17% | 18.6× | n/a | n/a |
| Lontium Semiconductor 688486.SS | China | $1.14B | -28% | +19% | 23% | 27.9× | n/a | n/a |