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Chinese PCB maker specializing in high-density and specialty boards: millimeter-wave radar, optical-module, server and metal-based PCBs.
Chinese PCB maker specializing in high-density and specialty boards: millimeter-wave radar, optical-module, server and metal-based PCBs.
In one line: A specialty-PCB peer to TTM Technologies focused on radar/optical/server niches.
Moat: narrow (process know-how, customer qualification). Specialty PCB process know-how (radar, metal-based, ceramic substrate) beyond commodity multilayer boards.
Headquarters: Huizhou, China · Founded: 2001 · Employees: 5,306
Size Guangdong Kingshine Electronic Technology (300903.SZ) is a China Information Technology company (Electronic Components) with a market value of $4.69B, the 545th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥71.84 on 6 Nov 2026.
Performance Over six months the shares gained 44.6%, 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 grew 36.4% over the last twelve months (peer median +16.5%); the operating margin is 4.1% (peer median 10.1%).
Valuation It trades at 276.3× forward earnings against a peer median of 29.7× (most expensive of 19).
Capital Return on invested capital runs 3.8 points below its cost of capital (12.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.97B | CN¥3.71B | CN¥3.39B | CN¥2.96B | CN¥2.63B |
| Revenue growth | — | +10% | +15% | +12% | — |
| Gross profit | CN¥1.07B | CN¥227M | CN¥101M | CN¥215M | CN¥348M |
| EBITDA | n/a | CN¥159M | -CN¥11.4M | CN¥55.1M | CN¥175M |
| Net income | CN¥118M | -CN¥246M | -CN¥344M | -CN¥159M | CN¥50.1M |
| Free cash flow | -CN¥322M | -CN¥220M | -CN¥485M | -CN¥769M | -CN¥626M |
| Capital expenditure | CN¥361M | CN¥386M | CN¥477M | CN¥794M | CN¥568M |
| Total debt | CN¥2.69B | CN¥2.17B | CN¥2.44B | CN¥1.99B | CN¥1.78B |
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 |
|---|---|---|---|---|---|---|
| Guangdong Kingshine Electronic Technology 300903.SZ | $4.69B | +45% | +36% | 4% | 276.3× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 22.6× | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | $18.3B | -62% | +38% | 26% | 17.2× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
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 | 300903.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.9% | -29.5% | 6th highest of 21 |
| 6-month return | +44.6% | -14.1% | 4th highest of 21 |
| Distance from 52-week high | -38.5% | -46.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +36.4% | +16.5% | 6th highest of 21 |
| Operating margin | 4.1% | 10.1% | 3rd lowest of 21 |
| Forward P/E | 276.3× | 29.7× | most expensive of 19 |
| ROIC minus cost of capital | -3.8 pp | -1.8 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 18.6× | n/a | n/a |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |