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Chinese printed-circuit-board (PCB) maker (name-derived; specific product line not fully established).
Chinese printed-circuit-board (PCB) maker (name-derived; specific product line not fully established).
Moat: none
Headquarters: Shenzhen, China · Employees: 1,563
Size Shenzhen Q&D Circuits (301628.SZ) is a China Information Technology company (Electronic Components) with a market value of $917M, the 2480th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥77.42 on 6 Nov 2026.
Performance Over six months the shares fell 26.2%, against -18.3% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 36.9% over the last twelve months (peer median +21.9%); the operating margin is 13.2% (peer median 8.4%).
Valuation It trades at 4.7× enterprise value to sales against a peer median of 2.9× (7th most expensive of 21).
Capital Return on invested capital runs 1.5 points above its cost of capital (13.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.25B | CN¥950M | CN¥789M | CN¥708M | CN¥731M |
| Revenue growth | — | +20% | +11% | -3% | — |
| Gross profit | CN¥392M | CN¥274M | CN¥238M | CN¥216M | CN¥214M |
| EBITDA | n/a | CN¥183M | CN¥150M | CN¥134M | CN¥123M |
| Net income | CN¥148M | CN¥121M | CN¥113M | CN¥91.1M | CN¥90.9M |
| Free cash flow | -CN¥203M | -CN¥188M | CN¥33.5M | CN¥84.3M | CN¥42.0M |
| Capital expenditure | CN¥260M | CN¥308M | CN¥75.3M | CN¥51.3M | CN¥59.1M |
| Total debt | CN¥547M | CN¥59.3M | CN¥58.4M | CN¥53.6M | CN¥80.7M |
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.
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 | 301628.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.2% | -16.3% | 4th lowest of 21 |
| 6-month return | -26.2% | -18.3% | 7th lowest of 21 |
| Distance from 52-week high | -47.5% | -45.0% | 9th lowest of 21 |
| Revenue growth (TTM) | +36.9% | +21.9% | 5th highest of 21 |
| Operating margin | 13.2% | 8.4% | 7th highest of 21 |
| EV / Sales | 4.7× | 2.9× | 7th most expensive of 21 |
| ROIC minus cost of capital | +1.5 pp | -1.5 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Q&D Circuits 301628.SZ | China | $917M | -26% | +37% | 13% | 4.7× | n/a | n/a |
| Japan Aviation Electronics Industry 6807.T | Japan | $922M | -13% | +10% | 3% | 0.6× | n/a | n/a |
| Pegavision 6491.TW | Taiwan | $926M | +41% | +18% | 28% | 3.5× | -4.5% | +12.1% |
| Bafang Electric (Suzhou) 603489.SS | China | $906M | -31% | +18% | 13% | 2.9× | 13.8% | -0.8% |
| Prosperity Dielectrics 6173.TWO | Taiwan | $927M | +131% | +12% | 20% | 6.7× | 35.6% | -4.9% |
| Qingdao NovelBeam Technology 688677.SS | China | $904M | -54% | +11% | 28% | 9.0× | 22.1% | +17.0% |
| Shenzhen Click Technology 002782.SZ | China | $903M | -36% | +10% | 3% | 1.0× | 18.2% | +34.0% |
| Highbroad Advanced Material (Hefei) 301321.SZ | China | $902M | +28% | +22% | 0% | 2.3× | 35.6% | +5.8% |
| HannStar Board 5469.TW | Taiwan | $937M | -25% | +32% | 8% | 1.0× | n/a | n/a |
| Kingsignal Technology 300252.SZ | China | $941M | -38% | +21% | 0% | 2.6× | n/a | n/a |
| Juneway Electronic Technology 301458.SZ | China | $946M | -25% | +24% | 20% | 6.1× | 36.2% | +13.7% |
| Officina Stellare OS.MI | Italy | $969M | +47% | +239% | -11% | 15.3× | n/a | n/a |
| Zhejiang Zuch Technology 301280.SZ | China | $971M | -24% | +25% | 13% | 2.9× | n/a | n/a |
| WCON Electronics 301328.SZ | China | $986M | -3% | +34% | 16% | 6.8× | n/a | n/a |
| Dynamic 3715.TW | Taiwan | $846M | -50% | +43% | 5% | 1.1× | n/a | n/a |
| Shenzhen Jingquanhua Electronics 002885.SZ | China | $840M | -34% | +9% | 4% | 1.5× | 27.6% | +20.6% |
| Basler BSL.DE | Germany | $823M | -7% | +31% | 15% | 2.9× | 23.8% | +5.7% |
| Shenzhen SEG 000058.SZ | China | $1.02B | -20% | -1% | 9% | 4.3× | 9.7% | +5.3% |
| Hexatronic HTRO.ST | Sweden | $821M | -17% | +7% | 6% | 1.2× | 12.9% | +28.3% |
| Jiangsu Allfavor Intelligent Circuits Technology 300964.SZ | China | $821M | +1% | +78% | 8% | 4.1× | n/a | n/a |
| Shenzhen Xunjiexing Technology 688655.SS | China | $810M | -13% | +70% | 0% | 6.3× | n/a | n/a |