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Chinese maker of board-to-board and other electronic connectors for consumer and industrial electronics, known in sourcing circles as the WCON brand.
Chinese maker of board-to-board and other electronic connectors for consumer and industrial electronics, known in sourcing circles as the WCON brand.
Moat: narrow (customer qualification). A recognized connector-sourcing brand, but competes in a crowded, price-sensitive connector market.
Headquarters: Dongguan, China · Employees: 2,375
Size WCON Electronics (301328.SZ) is a China Information Technology company (Electronic Components) with a market value of $986M, the 2323rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥41.50 on 6 Nov 2026.
Performance Over six months the shares fell 3.2%, against -24.3% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 34.4% over the last twelve months (peer median +21.0%); the operating margin is 15.6% (peer median 8.5%).
Valuation It trades at 44.6× forward earnings against a peer median of 18.9× (3rd most expensive of 13).
Capital Return on invested capital runs 1.7 points below its cost of capital (11.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥891M | CN¥710M | CN¥532M | CN¥485M | CN¥479M |
| Revenue growth | — | +33% | +10% | +1% | — |
| Gross profit | CN¥390M | CN¥258M | CN¥203M | CN¥195M | CN¥200M |
| EBITDA | n/a | CN¥179M | CN¥126M | CN¥123M | CN¥134M |
| Net income | CN¥115M | CN¥98.8M | CN¥85.5M | CN¥130M | CN¥112M |
| Free cash flow | -CN¥97.3M | -CN¥67.5M | -CN¥54.3M | -CN¥95.8M | -CN¥55.4M |
| Capital expenditure | CN¥230M | CN¥203M | CN¥180M | CN¥233M | CN¥158M |
| Total debt | CN¥68.0M | CN¥65.8M | CN¥9.15M | CN¥40.9M | CN¥52.2M |
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 |
|---|---|---|---|---|---|---|
| WCON Electronics 301328.SZ | $986M | -3% | +34% | 16% | 44.6× | n/a |
| Hirose Electric 6806.T | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | 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 | 301328.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | -18.3% | 7th highest of 21 |
| 6-month return | -3.2% | -24.3% | 7th highest of 21 |
| Distance from 52-week high | -51.7% | -46.9% | 8th lowest of 21 |
| Revenue growth (TTM) | +34.4% | +21.0% | 4th highest of 21 |
| Operating margin | 15.6% | 8.5% | 6th highest of 21 |
| Forward P/E | 44.6× | 18.9× | 3rd most expensive of 13 |
| ROIC minus cost of capital | -1.7 pp | -2.1 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WCON Electronics 301328.SZ | China | $986M | -3% | +34% | 16% | 44.6× | n/a | n/a |
| Zhejiang Zuch Technology 301280.SZ | China | $971M | -24% | +25% | 13% | 21.3× | n/a | n/a |
| Officina Stellare OS.MI | Italy | $969M | +47% | +239% | -11% | 107.2× | n/a | n/a |
| Shenzhen SEG 000058.SZ | China | $1.02B | -20% | -1% | 9% | n/a | 9.7% | +5.3% |
| Juneway Electronic Technology 301458.SZ | China | $946M | -25% | +24% | 20% | n/a | 36.2% | +13.7% |
| Kingsignal Technology 300252.SZ | China | $941M | -38% | +21% | 0% | n/a | n/a | n/a |
| HannStar Board 5469.TW | Taiwan | $937M | -25% | +32% | 8% | n/a | n/a | n/a |
| Sungho Electronics 043260.KS | South Korea | $1.04B | -54% | +44% | 4% | n/a | n/a | n/a |
| Gosuncn Technology 300098.SZ | China | $1.04B | -27% | +20% | -3% | 50.1× | 33.2% | -3.1% |
| Prosperity Dielectrics 6173.TWO | Taiwan | $927M | +131% | +12% | 20% | 18.4× | 35.6% | -4.9% |
| Pegavision 6491.TW | Taiwan | $926M | +41% | +18% | 28% | 13.4× | -4.5% | +12.1% |
| Japan Aviation Electronics Industry 6807.T | Japan | $922M | -13% | +10% | 3% | 19.4× | n/a | n/a |
| Shenzhen Q&D Circuits 301628.SZ | China | $917M | -26% | +37% | 13% | n/a | n/a | n/a |
| Tong Hsing Electronic Industries ,Ltd 6271.TW | Taiwan | $1.06B | -5% | +5% | 17% | 13.5× | 7.6% | +2.6% |
| Bafang Electric (Suzhou) 603489.SS | China | $906M | -31% | +18% | 13% | 31.0× | 13.8% | -0.8% |
| Qingdao NovelBeam Technology 688677.SS | China | $904M | -54% | +11% | 28% | 30.4× | 22.1% | +17.0% |
| Shenzhen Click Technology 002782.SZ | China | $903M | -36% | +10% | 3% | 13.9× | 18.2% | +34.0% |
| Changzhou Aohong Electronics 605058.SS | China | $1.08B | +46% | +21% | 15% | n/a | 8.1% | +8.9% |
| Highbroad Advanced Material (Hefei) 301321.SZ | China | $902M | +28% | +22% | 0% | n/a | 35.6% | +5.8% |
| Korea Circuit 007810.KS | South Korea | $1.09B | -36% | +21% | 6% | 15.1× | n/a | n/a |
| Nichidenbo 3090.TW | Taiwan | $1.09B | +15% | +28% | -5% | 12.0× | 57.2% | +11.2% |