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Chinese maker of 5G/4G fixed-wireless routers, hotspots and other broadband access devices sold in many countries.
Chinese maker of 5G/4G fixed-wireless routers, hotspots and other broadband access devices sold in many countries.
In one line: A China-based Netgear, leaning on 5G fixed-wireless routers.
Moat: narrow (customer qualification, process know-how). Carrier certifications and chipset integration know-how help; routers are otherwise easy to substitute.
Headquarters: Guangzhou, China · Employees: 503
Size Tozed Kangwei Tech (301718.SZ) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.05B, the 2205th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥47.90 on 6 Nov 2026.
Growth Revenue grew 42.9% over the last twelve months (peer median +5.6%); the operating margin is 5.4% (peer median -2.4%).
Valuation It trades at 4.3× enterprise value to sales against a peer median of 4.4× (11th cheapest of 21).
Capital Return on invested capital runs 1.5 points below its cost of capital (9.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | CN¥1.65B | CN¥1.15B | CN¥1.02B |
| Revenue growth | — | +43% | +12% | — |
| Gross profit | n/a | CN¥377M | CN¥315M | CN¥310M |
| EBITDA | n/a | CN¥102M | CN¥72.0M | CN¥103M |
| Net income | n/a | CN¥95.4M | CN¥80.4M | CN¥107M |
| Free cash flow | n/a | -CN¥1.95M | CN¥26.5M | CN¥43.8M |
| Capital expenditure | n/a | CN¥58.4M | CN¥19.9M | CN¥7.06M |
| Total debt | CN¥516M | CN¥238M | CN¥123M | CN¥126M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Tozed Kangwei Tech 301718.SZ | $1.05B | n/a | +43% | 5% | 4.3× | n/a |
| ZTE 000063.SZ | $19.0B | -23% | +14% | 1% | 1.2× | 19.0% |
| Sercomm 5388.TW | $591M | -19% | +34% | 3% | 0.3× | n/a |
| NETGEAR NTGR | $513M | -31% | -1% | -4% | 0.4× | n/a |
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 | 301718.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| Revenue growth (TTM) | +42.9% | +5.6% | 3rd highest of 21 |
| Operating margin | 5.4% | -2.4% | 8th highest of 21 |
| EV / Sales | 4.3× | 4.4× | 11th cheapest of 21 |
| ROIC minus cost of capital | -1.5 pp | -7.7 pp | 6th highest of 21 |
| EV / EBITDA | 69.3× | 11.4× | most expensive of 7 |
| Net debt / EBITDA | 0.7× | -0.9× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tozed Kangwei Tech 301718.SZ | China | $1.05B | n/a | +43% | 5% | 4.3× | n/a | n/a |
| Flaircomm Microelectronics 301600.SZ | China | $1.04B | -35% | +19% | 9% | 5.2× | 27.2% | +29.1% |
| Harmonic HLIT | United States | $1.04B | -26% | -21% | 15% | 1.9× | 10.0% | -1.0% |
| Shenzhen Infinova 002528.SZ | China | $1.06B | +23% | -29% | -77% | 18.6× | n/a | n/a |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 10.6× | n/a | n/a |
| Sumavision Technologies 300079.SZ | China | $1.01B | -14% | -6% | -8% | 6.4× | n/a | n/a |
| Invisio IVSO.ST | Sweden | $1.00B | -15% | +24% | 18% | 4.7× | 13.2% | +26.7% |
| Nanjing Panda Electronics 0553.HK | Hong Kong | $999M | -42% | +36% | -7% | 2.0× | n/a | n/a |
| Huizhou Speed Wireless Technology 300322.SZ | China | $991M | -52% | +25% | 3% | 2.5× | n/a | n/a |
| santec 6777.T | Japan | $984M | -53% | +45% | 33% | 4.1× | 23.5% | +33.2% |
| Synspective 290A.T | Japan | $950M | -16% | +5% | -196% | 52.6× | n/a | n/a |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | 12.7× | 20.4% | -1.0% |
| Wuhan Fingu Electronic Technology 002194.SZ | China | $914M | -19% | -9% | -2% | 3.6× | n/a | n/a |
| Chengdu Spaceon Electronics 002935.SZ | China | $909M | -37% | +1% | 5% | 6.4× | 49.9% | +1.3% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 2.1× | -2.7% | -3.1% |
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 0.4× | n/a | n/a |
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | 6.0× | n/a | n/a |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 0.4× | -4.6% | -25.5% |
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | 22.4× | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 2.5× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | 2.3× | n/a | n/a |