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Chengdu-based electronics-components maker; specific product line not established from available knowledge.
Chengdu-based electronics-components maker; specific product line not established from available knowledge.
Moat: none
Headquarters: Chengdu, China · Employees: 3,273
Size Chengdu Hongming Electronics (301682.SZ) is a China Information Technology company (Electronic Components) with a market value of $1.74B, the 1425th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥95.31 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +28.5%); the operating margin is 19.5% (peer median 8.9%).
Valuation It trades at 4.2× enterprise value to sales against a peer median of 4.6× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +19 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 0.0 points above its cost of capital (7.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥2.59B | CN¥2.49B | CN¥2.73B | CN¥3.15B |
| Revenue growth | — | +4% | -9% | -13% | — |
| Gross profit | n/a | CN¥1.17B | CN¥1.05B | CN¥1.42B | CN¥1.56B |
| EBITDA | n/a | CN¥654M | CN¥549M | CN¥798M | CN¥903M |
| Net income | n/a | CN¥319M | CN¥268M | CN¥412M | CN¥476M |
| Free cash flow | n/a | CN¥72.3M | CN¥281M | CN¥474M | CN¥31.2M |
| Capital expenditure | n/a | CN¥221M | CN¥274M | CN¥268M | CN¥250M |
| Total debt | CN¥671M | CN¥839M | CN¥830M | CN¥908M | CN¥866M |
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 | 301682.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | -23.2% | 4th highest of 21 |
| 6-month return | -24.1% | -20.4% | 10th lowest of 21 |
| Distance from 52-week high | -53.9% | -52.6% | 11th highest of 21 |
| Revenue growth (TTM) | +4.0% | +28.5% | 4th lowest of 21 |
| Operating margin | 19.5% | 8.9% | 5th highest of 21 |
| EV / Sales | 4.2× | 4.6× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 13.0% | 13.4% | 5th least demanding of 9 |
| Growth delivered (Del g) | -6.2% | +11.7% | lowest of 9 |
| Hurdle (Req g minus delivered) | +19.2 pp | +2.6 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | +0.0 pp | -3.8 pp | 8th highest of 19 |
| EV / EBITDA | 16.8× | 13.3× | 2nd most expensive of 5 |
| Net debt / EBITDA | -2.7× | 0.7× | least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chengdu Hongming Electronics 301682.SZ | China | $1.74B | -24% | +4% | 19% | 4.2× | 13.0% | -6.2% |
| Ningbo Yong Xin Optics 603297.SS | China | $1.72B | -9% | +27% | 19% | 9.2× | 36.5% | +10.8% |
| Changshu Tianyin Electromechanical 300342.SZ | China | $1.72B | -60% | -6% | 1% | 13.9× | n/a | n/a |
| Hubei DOTI Micro Technology 301183.SZ | China | $1.67B | -23% | +30% | 18% | 10.5× | n/a | n/a |
| Shanghai Xizhi Technology 1879.HK | Hong Kong | $1.66B | -84% | +77% | -648% | 85.0× | n/a | n/a |
| ATOSS Software AOF.DE | Germany | $1.59B | +26% | +12% | 37% | 6.6× | 14.0% | +17.1% |
| Shenzhen Colibri Technologies 002957.SZ | China | $1.57B | -43% | +31% | 9% | 3.5× | n/a | n/a |
| Ennoconn 6414.TW | Taiwan | $1.54B | -6% | +8% | 6% | 0.6× | -6.8% | +11.1% |
| YD Electronic Technology 301123.SZ | China | $1.50B | -37% | +44% | -3% | 3.3× | n/a | n/a |
| Guangdong Ellington Electronics Technology 603328.SS | China | $1.49B | -13% | +14% | 10% | 2.3× | 8.9% | +9.3% |
| Wuhu Token Science 300088.SZ | China | $2.03B | -18% | -15% | 0% | 1.9× | n/a | n/a |
| Xiamen Leading Optics 605118.SS | China | $2.05B | -31% | +32% | 34% | 12.9× | 20.4% | +14.8% |
| Meiko Electronics 6787.T | Japan | $2.07B | -27% | +22% | 10% | 1.8× | n/a | n/a |
| Guangdong Goworld 000823.SZ | China | $1.45B | +9% | +13% | 8% | 1.3× | 8.8% | +4.2% |
| Dongguan Dingtong Precision Metal 688668.SS | China | $2.09B | -55% | +33% | 16% | 7.4× | n/a | n/a |
| Electric Connector Technology 300679.SZ | China | $2.14B | -24% | 0% | 4% | 2.6× | 27.9% | +15.8% |
| Fujian Torch Electron Technology 603678.SS | China | $2.16B | -7% | +82% | 4% | 2.8× | n/a | n/a |
| Shenglan Technology 300843.SZ | China | $2.16B | +2% | +45% | 8% | 6.2× | n/a | n/a |
| Jiangxi Welgao Electronics 301251.SZ | China | $1.39B | +9% | +62% | 9% | 4.3× | n/a | n/a |
| Fulltech Fiber Glass 1815.TWO | Taiwan | $2.18B | +6% | +49% | 26% | 8.6× | n/a | n/a |
| Cembre CMB.MI | Italy | $1.37B | -24% | +11% | 26% | 4.8× | 12.8% | +12.2% |