Sichuan-based maker of military communication and electronic equipment, with origins in a state defense-industry factory.
Sichuan-based maker of military communication and electronic equipment, with origins in a state defense-industry factory.
Moat: none
Headquarters: Sichuan, China · Employees: 400
Size Sichuan 6912 Communication Technology (301592.SZ) is a China Industrials company (Aerospace & Defense) with a market value of $1.18B, the 1990th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥112.46 on 6 Nov 2026.
Performance Over six months the shares fell 14.0%, against -17.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +16.6%); the operating margin is 8.6% (peer median 7.5%).
Valuation It trades at 16.2× enterprise value to sales against a peer median of 4.0× (3rd most expensive of 21).
Capital Return on invested capital runs 5.9 points below its cost of capital (10.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥492M | CN¥449M | CN¥533M | CN¥409M | CN¥341M |
| Revenue growth | — | -16% | +30% | +20% | — |
| Gross profit | CN¥208M | CN¥193M | CN¥251M | CN¥209M | CN¥182M |
| EBITDA | n/a | CN¥74.4M | CN¥138M | CN¥131M | CN¥120M |
| Net income | CN¥44.5M | CN¥53.2M | CN¥97.4M | CN¥91.3M | CN¥100M |
| Free cash flow | -CN¥55.5M | CN¥135M | -CN¥148M | -CN¥139M | -CN¥39.6M |
| Capital expenditure | CN¥8.13M | CN¥7.89M | CN¥3.44M | CN¥7.17M | CN¥19.1M |
| Total debt | CN¥490M | CN¥411M | CN¥363M | CN¥252M | CN¥109M |
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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 | 301592.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.3% | -3.1% | 4th highest of 21 |
| 6-month return | -14.0% | -17.8% | 10th highest of 21 |
| Distance from 52-week high | -23.9% | -36.7% | 4th highest of 21 |
| Revenue growth (TTM) | -3.0% | +16.6% | 5th lowest of 21 |
| Operating margin | 8.6% | 7.5% | 11th highest of 21 |
| EV / Sales | 16.2× | 4.0× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -5.9 pp | -4.2 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan 6912 Communication Technology 301592.SZ | China | $1.18B | -14% | -3% | 9% | 16.2× | n/a | n/a |
| CIMC Safeway Technologies 301559.SZ | China | $1.14B | -24% | +13% | 4% | 1.9× | n/a | n/a |
| H&k MLHK.PA | France | $1.25B | -10% | +36% | 18% | 2.5× | -4.2% | +7.4% |
| North Electro-Optic 600184.SS | China | $1.26B | -34% | +23% | 0% | 4.0× | n/a | n/a |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | 6.7× | n/a | n/a |
| Magellan Aerospace MAL.TO | Canada | $1.29B | +17% | +15% | 9% | 1.7× | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 5.5× | n/a | n/a |
| AEVEX AVEX | United States | $1.29B | -59% | +143% | 11% | 3.4× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 8.6× | n/a | n/a |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 17.7× | n/a | n/a |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | 1.9× | 8.3% | +7.4% |
| Hefei Jianghang Aircraft Equipment 688586.SS | China | $1.38B | -11% | -4% | 2% | 9.2× | 49.7% | +2.6% |
| Beijing LeiKe Defense Technology 002413.SZ | China | $1.39B | -46% | -5% | -6% | 6.5× | n/a | n/a |
| Cadre CDRE | United States | $1.40B | +9% | +20% | 11% | 2.5× | 16.9% | +8.6% |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 4.1× | 38.0% | +47.5% |
| Beijing Highlander Digital Technology 300065.SZ | China | $1.44B | -48% | -32% | -1% | 18.5× | n/a | n/a |
| Aerospace Industrial Development 2634.TW | Taiwan | $1.46B | +3% | +3% | 6% | 1.7× | 4.1% | +11.0% |
| Beijing Beimo High-tech Frictional Material 002985.SZ | China | $1.46B | -17% | +36% | 28% | 10.4× | n/a | n/a |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 2.3× | n/a | n/a |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 3.1× | 16.3% | +7.4% |
| Xi'an Triangle Defense 300775.SZ | China | $1.50B | -39% | -29% | 2% | 8.3× | 31.7% | +21.0% |