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Shenzhen-based electronics manufacturer supplying components or equipment to industrial customers.
Shenzhen-based electronics manufacturer supplying components or equipment to industrial customers.
Moat: none
Headquarters: Shenzhen, Guangdong, China · Employees: 7,243
Size Shenzhen Uniconn Technology (301631.SZ) is a China Industrials company (Electrical Products) with a market value of $969M, the 2348th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.50 on 6 Nov 2026.
Performance Over six months the shares fell 34.5%, against -21.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 32.0% over the last twelve months (peer median +7.1%); the operating margin is 4.9% (peer median 5.7%).
Valuation It trades at 17.1× forward earnings against a peer median of 17.1× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +49%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points below its cost of capital (12.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.23B | CN¥5.14B | CN¥3.89B | CN¥3.06B | CN¥2.76B |
| Revenue growth | — | +32% | +27% | +11% | — |
| Gross profit | CN¥961M | CN¥763M | CN¥591M | CN¥557M | CN¥528M |
| EBITDA | n/a | CN¥492M | CN¥381M | CN¥402M | CN¥344M |
| Net income | CN¥262M | CN¥293M | CN¥233M | CN¥260M | CN¥236M |
| Free cash flow | CN¥249M | CN¥290M | CN¥160M | CN¥85.7M | -CN¥113M |
| Capital expenditure | CN¥552M | CN¥335M | CN¥287M | CN¥239M | CN¥116M |
| Total debt | CN¥1.45B | CN¥948M | CN¥705M | CN¥355M | CN¥462M |
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 | 301631.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.7% | -6.3% | 5th lowest of 21 |
| 6-month return | -34.5% | -21.4% | 7th lowest of 20 |
| Distance from 52-week high | -51.2% | -39.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +32.0% | +7.1% | 2nd highest of 21 |
| Operating margin | 4.9% | 5.7% | 10th lowest of 20 |
| Forward P/E | 17.1× | 17.1× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 18.2% | 15.5% | 5th most demanding of 13 |
| Growth delivered (Del g) | +49.0% | +7.1% | highest of 12 |
| Hurdle (Req g minus delivered) | -30.9 pp | +7.8 pp | least demanding of 12 |
| ROIC minus cost of capital | -2.2 pp | -2.5 pp | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Uniconn Technology 301631.SZ | China | $969M | -34% | +32% | 5% | 17.1× | 18.2% | +49.0% |
| Guangdong Xinyaguang Cable 001382.SZ | China | $968M | -21% | +12% | 4% | n/a | n/a | n/a |
| Fluence Energy FLNC | United States | $973M | -78% | +7% | -4% | n/a | n/a | n/a |
| CSG Smart Science&Technology 300222.SZ | China | $966M | -27% | +26% | 2% | 30.5× | n/a | n/a |
| Transformers and Rectifiers (India) TARIL.NS | India | $974M | -7% | +27% | 15% | 26.3× | n/a | n/a |
| Mersen MRN.PA | France | $976M | -1% | -3% | 9% | 13.1× | 11.0% | +7.0% |
| Jiangsu Zhongchao 002471.SZ | China | $963M | -45% | -5% | 1% | n/a | n/a | n/a |
| Jolywood (Suzhou) Sunwatt 300393.SZ | China | $958M | -42% | -48% | -62% | 30.8× | 5.1% | -2.7% |
| Motic (Xiamen) Electric 300341.SZ | China | $957M | -20% | +19% | 12% | n/a | 17.7% | +5.1% |
| Temb Intelligent Tech Shandong 603448.SS | China | $951M | n/a | +16% | n/a | n/a | 45.6% | n/a |
| Ficont Industry(Beijing) 605305.SS | China | $989M | -35% | +15% | 26% | 10.6× | -1.1% | +22.5% |
| Beijing Creative 002350.SZ | China | $946M | -19% | +7% | -1% | n/a | 54.8% | -0.3% |
| Elecon Engineering ELECON.NS | India | $995M | -26% | +5% | 17% | 24.6× | 31.3% | +17.8% |
| Guangdong Shunna Electric 000533.SZ | China | $996M | -24% | +25% | 6% | n/a | 16.8% | +8.7% |
| discoverIE DSCV.L | United Kingdom | $997M | +17% | +5% | 10% | 17.1× | 21.4% | +7.9% |
| Sunway 603333.SS | China | $941M | +1% | +68% | 3% | n/a | n/a | n/a |
| Qingdao CHOHO Industrial 003033.SZ | China | $939M | +36% | +6% | 9% | n/a | 14.2% | +14.6% |
| Warom Technology 603855.SS | China | $938M | +1% | -18% | 15% | 14.6× | -2.6% | +7.1% |
| Leedarson IoT Technology 605365.SS | China | $1.01B | -55% | -2% | 4% | 15.4× | n/a | n/a |
| Sanyo Denki 6516.T | Japan | $1.01B | -39% | +20% | 12% | 11.4× | 9.0% | +6.7% |
| Topsec Technologies 002212.SZ | China | $1.01B | -18% | -9% | -14% | 99.8× | n/a | n/a |