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Wuhan maker of optical transceiver modules for telecom and data-centre networks, selling mostly outside China.
Wuhan maker of optical transceiver modules for telecom and data-centre networks, selling mostly outside China.
Sells pluggable optical modules, which convert electrical signals to light in network equipment, mostly to customers outside China, so data-centre upgrades to faster speeds carry growth. It began in telecom markets and moved into data communications. Parts supply is a recurring constraint on deliveries.
Moat: none (customer qualification). Modules need customer qualification, but the optical-module market is crowded and price-competitive.
Headquarters: Wuhan, China · Employees: 1,435
Size Linktel Technologies (301205.SZ) is a China Information Technology company (Semiconductors) with a market value of $3.60B, the 717th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥143.35 on 6 Nov 2026.
Performance Over six months the shares fell 39.1%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 53.9% over the last twelve months (peer median +21.0%); the operating margin is 3.0% (peer median 4.8%).
Valuation It trades at 281.1× forward earnings against a peer median of 57.3× (2nd most expensive of 16).
Capital Return on invested capital runs 9.4 points below its cost of capital (12.6% WACC).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.69B | CN¥1.26B | CN¥891M | CN¥605M | CN¥825M |
| Revenue growth | — | +41% | +47% | -27% | — |
| Gross profit | CN¥530M | CN¥399M | CN¥251M | CN¥137M | CN¥249M |
| EBITDA | n/a | CN¥144M | CN¥136M | CN¥54.8M | CN¥141M |
| Net income | CN¥41.4M | CN¥103M | CN¥93.0M | CN¥26.5M | CN¥113M |
| Free cash flow | -CN¥844M | -CN¥636M | -CN¥43.3M | -CN¥300M | -CN¥105M |
| Capital expenditure | CN¥509M | CN¥441M | CN¥171M | CN¥418M | CN¥183M |
| Total debt | CN¥2.37B | CN¥934M | CN¥379M | CN¥168M | CN¥109M |
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 |
|---|---|---|---|---|---|---|
| Linktel Technologies 301205.SZ | $3.60B | -39% | +54% | 3% | 281.1× | n/a |
| Zhongji Innolight 300308.SZ | $79.4B | -48% | +162% | 41% | 15.4× | 23.2% |
| Eoptolink Technology 300502.SZ | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% |
| Accelink Technologies 002281.SZ | $10.8B | -37% | +32% | 11% | 42.6× | n/a |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
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 | 301205.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.0% | -19.6% | 2nd lowest of 21 |
| 6-month return | -39.1% | -25.6% | 3rd lowest of 19 |
| Distance from 52-week high | -62.1% | -54.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +53.9% | +21.0% | 6th highest of 21 |
| Operating margin | 3.0% | 4.8% | 9th lowest of 20 |
| Forward P/E | 281.1× | 57.3× | 2nd most expensive of 16 |
| ROIC minus cost of capital | -9.4 pp | -7.2 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Linktel Technologies 301205.SZ | China | $3.60B | -39% | +54% | 3% | 281.1× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |
| Nordic Semiconductor NOD.OL | Norway | $3.62B | -12% | +15% | 8% | 54.6× | n/a | n/a |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Loongson Technology 688047.SS | China | $3.86B | -44% | +24% | -76% | n/a | n/a | n/a |
| Trina Solar 688599.SS | China | $3.90B | -36% | -3% | -9% | n/a | -4.3% | +17.9% |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Allwinner Technology 300458.SZ | China | $4.02B | -25% | +26% | 15% | 57.3× | n/a | n/a |
| Chengdu Ultra Pure Applied Materials 301717.SZ | China | $4.03B | n/a | +93% | 42% | n/a | n/a | n/a |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| Jiangsu Leadmicro Nano Technology 688147.SS | China | $4.06B | -26% | -5% | 3% | 82.1× | n/a | n/a |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |
| Rorze 6323.T | Japan | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% | +20.4% |