Dongguan-based electronics components/connector maker; specific product line not established from available knowledge.
Dongguan-based electronics components/connector maker; specific product line not established from available knowledge.
Moat: none
Headquarters: Dongguan, China · Employees: 3,162
Size Dongguan Tarry Electronics (300976.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $1.33B, the 1820th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥47.40 on 6 Nov 2026.
Performance Over six months the shares gained 3.8%, against -25.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +11.6%); the operating margin is 8.8% (peer median 8.5%).
Valuation It trades at 15.3× forward earnings against a peer median of 18.8× (3rd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points above its cost of capital (10.2% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.65B | CN¥3.17B | CN¥2.56B | CN¥1.39B | CN¥1.46B |
| Revenue growth | — | +24% | +84% | -5% | — |
| Gross profit | CN¥982M | CN¥698M | CN¥630M | CN¥320M | CN¥465M |
| EBITDA | n/a | CN¥440M | CN¥375M | CN¥97.0M | CN¥231M |
| Net income | CN¥303M | CN¥282M | CN¥242M | CN¥73.4M | CN¥200M |
| Free cash flow | CN¥163M | CN¥48.5M | -CN¥157M | CN¥70.5M | -CN¥139M |
| Capital expenditure | CN¥391M | CN¥210M | CN¥262M | CN¥140M | CN¥183M |
| Total debt | CN¥215M | CN¥181M | CN¥163M | CN¥88.9M | CN¥34.9M |
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| Measure | 300976.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.3% | -13.4% | 11th highest of 21 |
| 6-month return | +3.8% | -25.7% | 4th highest of 20 |
| Distance from 52-week high | -51.1% | -51.0% | 11th highest of 21 |
| Revenue growth (TTM) | +19.3% | +11.6% | 10th highest of 21 |
| Operating margin | 8.8% | 8.5% | 10th highest of 21 |
| Forward P/E | 15.3× | 18.8× | 3rd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 17.5% | 13.1% | 6th most demanding of 13 |
| Growth delivered (Del g) | +27.2% | +5.9% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -9.6 pp | +4.6 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +0.3 pp | -2.9 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 15.3× | 17.5% | +27.2% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | n/a | 24.4% | +18.8% |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | n/a | n/a | n/a |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | n/a | n/a | n/a |
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 14.4× | 10.7% | +3.9% |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 42.5× | 44.4% | +8.4% |
| Grand Process Technology 3131.TWO | Taiwan | $1.27B | -51% | +38% | 22% | 18.3× | 13.0% | +21.2% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 18.8× | 3.9% | +0.2% |
| Shenzhen Hui Chuang Da Technology 300909.SZ | China | $1.26B | +4% | +3% | 2% | n/a | n/a | n/a |
| Maxvision Technology 002990.SZ | China | $1.26B | -39% | +36% | 14% | n/a | n/a | n/a |
| WindSun Science & Technology 688663.SS | China | $1.23B | -14% | -9% | 3% | 36.5× | 48.5% | +18.9% |
| Suzhou Betely Polymer Materials 301697.SZ | China | $1.44B | n/a | +45% | 5% | n/a | n/a | n/a |
| Aurora Optoelectronics 600666.SS | China | $1.22B | -44% | +44% | -15% | n/a | 35.2% | -1.9% |
| Fuman Microelectronics 300671.SZ | China | $1.21B | -22% | +71% | 3% | n/a | n/a | n/a |
| Shenzhen Fenda Technology 002681.SZ | China | $1.19B | -15% | +7% | -1% | n/a | 27.1% | -5.2% |
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | n/a | -4.4% | +5.0% |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 53.2× | n/a | n/a |
| Shenzhen Sinexcel Electric 300693.SZ | China | $1.57B | -28% | +27% | 15% | 17.2× | 13.1% | +35.0% |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | n/a | n/a | n/a |
| Photronics PLAB | United States | $1.61B | -49% | +1% | 22% | 13.3× | 1.9% | +6.9% |
| CTS CTS | United States | $1.65B | -6% | +7% | 16% | 20.3× | 8.5% | +5.0% |