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Employees: 3,214
Size Minami Acoustics (301383.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $604M, the 3399th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.67 on 6 Nov 2026.
Performance Over six months the shares fell 14.3%, against -23.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 10.7% over the last twelve months (peer median +7.3%); the operating margin is -3.8% (peer median 2.9%).
Valuation It trades at 18.6× forward earnings against a peer median of 16.0× (7th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 48% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +40 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.4 points below its cost of capital (5.9% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.82B | CN¥1.86B | CN¥2.22B | CN¥1.75B | CN¥1.12B |
| Revenue growth | — | -16% | +27% | +56% | — |
| Gross profit | CN¥249M | CN¥203M | CN¥396M | CN¥339M | CN¥200M |
| EBITDA | n/a | CN¥6.22M | CN¥191M | CN¥146M | CN¥75.1M |
| Net income | -CN¥57.2M | -CN¥32.7M | CN¥212M | CN¥136M | CN¥66.9M |
| Free cash flow | CN¥13.6M | -CN¥119M | CN¥78.7M | -CN¥100M | -CN¥99.3M |
| Capital expenditure | CN¥164M | CN¥145M | CN¥170M | CN¥108M | CN¥150M |
| Total debt | CN¥53.2M | CN¥77.0M | CN¥82.8M | CN¥37.3M | CN¥143M |
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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 | 301383.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.5% | -19.9% | highest of 21 |
| 6-month return | -14.3% | -23.0% | 5th highest of 21 |
| Distance from 52-week high | -39.4% | -50.5% | 5th highest of 21 |
| Revenue growth (TTM) | -10.7% | +7.3% | 4th lowest of 21 |
| Operating margin | -3.8% | 2.9% | 9th lowest of 21 |
| Forward P/E | 18.6× | 16.0× | 7th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 48.1% | 12.9% | most demanding of 11 |
| Growth delivered (Del g) | +8.2% | +7.5% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | +39.8 pp | +8.1 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -6.4 pp | -4.6 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Minami Acoustics 301383.SZ | China | $604M | -14% | -11% | -4% | 18.6× | 48.1% | +8.2% |
| SHENZHEN SEA STAR TECHNOLOGY 002137.SZ | China | $603M | -16% | +26% | 3% | n/a | 38.0% | -2.8% |
| Vanjee Technology 300552.SZ | China | $601M | -29% | +16% | -13% | 18.8× | n/a | n/a |
| Beijing Bayi Space LCD Technology 688181.SS | China | $609M | -14% | +12% | 11% | 31.5× | n/a | n/a |
| Fitipower Integrated Technology 4961.TW | Taiwan | $600M | +4% | -10% | 6% | 12.1× | -7.2% | +10.6% |
| Suntront Technology 300259.SZ | China | $598M | -22% | 0% | 12% | 12.0× | 8.6% | -2.2% |
| Techshine Electronics 301379.SZ | China | $617M | -21% | +12% | 4% | 16.0× | n/a | n/a |
| Suzhou Etron Technologies 603380.SS | China | $588M | -33% | +3% | 11% | 13.2× | 12.2% | +12.2% |
| Hangzhou Jizhi Mechatronic 300553.SZ | China | $626M | -15% | -4% | -4% | 41.8× | n/a | n/a |
| Shenzhen Longli Technology 300752.SZ | China | $627M | -28% | +17% | 2% | 10.3× | n/a | n/a |
| YaGuang Technology 300123.SZ | China | $629M | +2% | -45% | -264% | 37.1× | n/a | n/a |
| Frencken E28.SI | Singapore | $642M | -42% | +1% | 6% | 17.2× | 3.1% | +6.9% |
| Kohoku Kogyo 6524.T | Japan | $644M | -28% | +22% | 29% | 21.1× | 22.8% | +9.3% |
| JNTC 204270.KS | South Korea | $663M | -18% | -13% | -47% | 6.9× | n/a | n/a |
| Pan-International Industrial 2328.TW | Taiwan | $667M | -23% | -14% | 2% | n/a | 18.3% | +1.2% |
| TAI-TECH Advanced Electronics 3357.TWO | Taiwan | $546M | -11% | +20% | 15% | 11.5× | 13.6% | +8.1% |
| Dongguan Mentech Optical & Magnetic 002902.SZ | China | $670M | -38% | +30% | -6% | n/a | n/a | n/a |
| Guangdong Green Precision Components 300968.SZ | China | $538M | -26% | +15% | -10% | n/a | n/a | n/a |
| Chicony Power Technology 6412.TW | Taiwan | $680M | -38% | +62% | -128% | 9.9× | -5.2% | -0.2% |
| Shenzhen Yanmade Technology 688312.SS | China | $682M | -56% | +1% | 17% | 25.1× | 26.6% | +12.0% |
| Shenzhen CDL Precision Technology 300686.SZ | China | $535M | -23% | -7% | -14% | n/a | n/a | n/a |