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Shenzhen maker of PC and TV webcams, network cameras, in-car cameras and Bluetooth audio devices.
Shenzhen maker of PC and TV webcams, network cameras, in-car cameras and Bluetooth audio devices.
Earns from selling cameras and audio devices by the unit. It began with computer webcams and in recent years has drawn most of its sales from network cameras and in-car cameras, with wireless audio a smaller line. It has also been adding an AI inference-computing business alongside the hardware, which has strained cash flow.
Moat: none. Video and audio software know-how, but webcams and cameras are a crowded category with many suppliers.
Employees: 1,737
Size Shenzhen Aoni Electronic (301189.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.18B, the 1994th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥48.06 on 6 Nov 2026.
Performance Over six months the shares fell 17.2%, against -13.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 139.2% over the last twelve months (peer median +9.5%); the operating margin is 1.9% (peer median 10.4%).
Valuation It trades at 4.8× enterprise value to sales against a peer median of 3.9× (8th most expensive of 21).
Capital Return on invested capital runs 6.9 points below its cost of capital (9.1% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.97B | CN¥940M | CN¥553M | CN¥523M | CN¥666M |
| Revenue growth | — | +70% | +6% | -21% | — |
| Gross profit | CN¥411M | CN¥82.9M | CN¥79.0M | CN¥103M | CN¥154M |
| EBITDA | n/a | -CN¥102M | -CN¥68.5M | -CN¥34.5M | CN¥47.4M |
| Net income | CN¥7.50M | -CN¥157M | -CN¥86.4M | -CN¥22.6M | CN¥63.9M |
| Free cash flow | -CN¥1.57B | -CN¥718M | -CN¥210M | -CN¥476M | -CN¥276M |
| Capital expenditure | CN¥728M | CN¥225M | CN¥206M | CN¥552M | CN¥371M |
| Total debt | CN¥2.23B | CN¥531M | CN¥62.1M | CN¥92.4M | CN¥125M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Aoni Electronic 301189.SZ | $1.18B | -17% | +139% | 2% | 4.8× | n/a |
| Logitech International LOGN.SW | $13.2B | -1% | -1% | 18% | 2.4× | -5.7% |
| Hangzhou Hikvision Digital Technology 002415.SZ | $49.1B | -3% | +8% | 19% | 3.0× | 2.6% |
| Hangzhou EZVIZ Network 688475.SS | $3.53B | -4% | +8% | 12% | 3.2× | 15.7% |
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 | 301189.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.2% | +2.1% | lowest of 21 |
| 6-month return | -17.2% | -13.2% | 10th lowest of 21 |
| Distance from 52-week high | -42.1% | -35.1% | 6th lowest of 21 |
| Revenue growth (TTM) | +139.2% | +9.5% | highest of 21 |
| Operating margin | 1.9% | 10.4% | 5th lowest of 21 |
| EV / Sales | 4.8× | 3.9× | 8th most expensive of 21 |
| ROIC minus cost of capital | -6.9 pp | +2.9 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Aoni Electronic 301189.SZ | China | $1.18B | -17% | +139% | 2% | 4.8× | n/a | n/a |
| China East Education 0667.HK | Hong Kong | $1.18B | -18% | +16% | 22% | 1.3× | -6.1% | +4.1% |
| Beijing Haitian Ruisheng Science Technology 688787.SS | China | $1.17B | -1% | +34% | 4% | 17.6× | n/a | n/a |
| SBT Ultrasonic Technology 688392.SS | China | $1.16B | -19% | +42% | 17% | 7.2× | n/a | n/a |
| EMTEK (Shenzhen) 300938.SZ | China | $1.16B | -44% | +11% | 27% | 8.9× | n/a | n/a |
| Resolute Holdings Management RHLD | United States | $1.20B | +39% | +10% | 9% | 5.7× | 26.0% | n/a |
| Naruida Technology 688522.SS | China | $1.14B | -28% | +20% | 14% | 10.9× | n/a | n/a |
| Jadard Technology 688252.SS | China | $1.22B | -12% | +6% | 12% | 2.7× | 13.3% | +31.3% |
| Vcanbio Cell & Gene Engineering 600645.SS | China | $1.23B | -32% | -6% | 12% | 4.7× | 11.0% | +1.9% |
| Shanxi Huaxiang 603112.SS | China | $1.24B | -26% | +9% | 11% | 1.9× | 1.4% | +16.2% |
| CRA International CRAI | United States | $1.24B | +42% | +11% | 10% | 1.9× | n/a | n/a |
| FESCO 600861.SS | China | $1.11B | -18% | +4% | 1% | 0.0× | n/a | n/a |
| Shanghai MicroPort EP Medtech 688351.SS | China | $1.27B | -23% | +20% | 3% | 13.3× | 41.7% | +26.7% |
| Bajaj Mobility BMAG.SW | Switzerland | $1.28B | +86% | -47% | -44% | 1.9× | n/a | n/a |
| Prosegur Cash CASH.MC | Spain | $1.09B | +5% | -5% | 11% | 0.9× | -13.0% | +5.7% |
| BrightView BV | United States | $1.08B | -10% | +1% | 4% | 0.9× | n/a | n/a |
| Beijing Cuiwei Tower 603123.SS | China | $1.07B | -23% | -12% | -18% | 4.1× | n/a | n/a |
| Smartgroup SIQ.AX | Australia | $1.06B | +1% | +10% | 37% | 3.8× | -0.5% | +8.8% |
| Suzhou Novoprotein Scientific 688137.SS | China | $1.33B | +161% | +8% | -62% | 51.3× | n/a | n/a |
| Neurones NRO.PA | France | $1.04B | +5% | +7% | 9% | 0.8× | -8.3% | +10.3% |
| Central Mine Planning & Design Institute CMPDI.NS | India | $1.34B | -15% | +10% | 33% | 4.8× | 4.0% | +18.7% |