Loading…
Zhuzhou maker of high-reliability tantalum capacitors and circuit modules for military, aerospace and, increasingly, server electronics.
Zhuzhou maker of high-reliability tantalum capacitors and circuit modules for military, aerospace and, increasingly, server electronics.
Sells high-reliability electronic parts, led by tantalum capacitors, mainly to defence and aerospace programmes where qualified suppliers are hard to replace. Prices are set per programme and raw tantalum powder costs matter, while server and optical-module sales broaden the base beyond defence.
Moat: narrow (customer qualification, regulatory licence). Military-grade qualifications and licences give long approval cycles and sticky defence customers.
Headquarters: Zhuzhou, China · Founded: 1993 · Employees: 2,167
Size Zhuzhou Hongda Electronics (300726.SZ) is a China Information Technology company (Electronic Components) with a market value of $2.43B, the 1055th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.38 on 6 Nov 2026.
Performance Over six months the shares fell 19.9%, against -23.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +29.9%); the operating margin is 25.7% (peer median 9.6%).
Valuation It trades at 35.2× forward earnings against a peer median of 27.0× (7th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +21 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 3.4 points below its cost of capital (13.4% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.00B | CN¥1.87B | CN¥1.57B | CN¥1.69B | CN¥2.14B |
| Revenue growth | — | +19% | -7% | -21% | — |
| Gross profit | CN¥1.26B | CN¥1.04B | CN¥853M | CN¥972M | CN¥1.39B |
| EBITDA | n/a | CN¥621M | CN¥505M | CN¥616M | CN¥1.09B |
| Net income | CN¥457M | CN¥401M | CN¥279M | CN¥472M | CN¥852M |
| Free cash flow | CN¥350M | CN¥324M | CN¥434M | CN¥481M | CN¥166M |
| Capital expenditure | CN¥170M | CN¥99.0M | CN¥98.8M | CN¥230M | CN¥362M |
| Total debt | CN¥114M | CN¥62.9M | CN¥55.5M | CN¥73.8M | CN¥159M |
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 |
|---|---|---|---|---|---|---|
| Zhuzhou Hongda Electronics 300726.SZ | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% |
| China Zhenhua (Group) Science & Technology 000733.SZ | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | $1.28B | -30% | -2% | 8% | 25.5× | 24.4% |
| Fujian Torch Electron Technology 603678.SS | $2.16B | -7% | +82% | 4% | 26.2× | n/a |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
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 | 300726.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.6% | -20.4% | 10th highest of 21 |
| 6-month return | -19.9% | -23.1% | 9th highest of 21 |
| Distance from 52-week high | -58.5% | -52.6% | 8th lowest of 21 |
| Revenue growth (TTM) | +11.0% | +29.9% | 5th lowest of 21 |
| Operating margin | 25.7% | 9.6% | 5th highest of 21 |
| Forward P/E | 35.2× | 27.0× | 7th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 27.3% | 17.9% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +6.1% | +11.5% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +21.1 pp | +1.4 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -3.4 pp | -3.0 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Jenoptik JEN.DE | Germany | $2.30B | -21% | -2% | 12% | 18.6× | 10.3% | +11.2% |
| Xiamen Hengkun New Material Technology 688727.SS | China | $2.28B | -33% | +20% | 9% | n/a | n/a | n/a |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| Hefei Meyer Optoelectronic Technology 002690.SZ | China | $2.25B | -3% | +3% | 31% | 18.5× | 9.2% | +10.0% |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Fulltech Fiber Glass 1815.TWO | Taiwan | $2.18B | +6% | +49% | 26% | 21.6× | n/a | n/a |
| Shenglan Technology 300843.SZ | China | $2.16B | +2% | +45% | 8% | 66.5× | n/a | n/a |
| Fujian Torch Electron Technology 603678.SS | China | $2.16B | -7% | +82% | 4% | 26.2× | n/a | n/a |
| Electric Connector Technology 300679.SZ | China | $2.14B | -24% | 0% | 4% | 25.1× | 27.9% | +15.8% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| Dongguan Dingtong Precision Metal 688668.SS | China | $2.09B | -55% | +33% | 16% | 29.5× | n/a | n/a |