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← CockpitCompetitor Analysis › 3228.HK Shenzhen Kinwong Electronic Co., Ltd. Class HOpen in the cockpit ↗

Shenzhen Kinwong Electronic Co., Ltd. Class H3228.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Information Technology›Electronic Components
Mkt cap
$7.87B
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$27.9M
20-day average traded
Fwd P/E
15.8×
forward earnings
ROIC−WACC
+7.0 pp
WACC 5.8%
Hurdle
n/a
no reverse DCF
Next earnings
140 days
26 Mar 2027
Close · HKDHK$44.10
1D-15.9%
1W-12.7%
1M-44.7%
3Mn/a
6Mn/a
YTDn/a
1Yn/a
ATR %18.4%
52w lowhigh49.9% off high

What Shenzhen Kinwong Electronic does

Employees: 20,680

Shenzhen Kinwong Electronic at a glance

Size Shenzhen Kinwong Electronic (3228.HK) is a Hong Kong Information Technology company (Electronic Components) with a market value of $7.87B, the 197th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$44.10 on 6 Nov 2026.

Growth Revenue grew 39.8% over the last twelve months (peer median +23.2%); the operating margin is 12.2% (peer median 11.2%).

Valuation It trades at 15.8× forward earnings against a peer median of 27.4× (5th cheapest of 19).

Capital Return on invested capital runs 7.0 points above its cost of capital (5.8% WACC).

Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).

Shenzhen Kinwong Electronic financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$22.2BHK$16.6BHK$13.7BHK$11.8BHK$12.2B
Revenue growth—+21%+16%-3%—
Gross profitHK$6.44BHK$3.42BHK$2.96BHK$2.59BHK$2.57B
EBITDAn/aHK$2.47BHK$2.22BHK$2.07BHK$2.04B
Net incomeHK$2.18BHK$1.34BHK$1.27BHK$1.03BHK$1.24B
Free cash flow-HK$5.09B-HK$906MHK$480MHK$749M-HK$385M
Capital expenditureHK$6.96BHK$3.00BHK$2.00BHK$1.60BHK$2.20B
Total debtHK$11.3BHK$4.99BHK$3.57BHK$5.04BHK$4.21B

Quarterly statements and history in the cockpit →

Shenzhen Kinwong Electronic competitor charts

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.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%0×100×200×68818362743481TTMI238268832230440024363006203001152313318900228160060169763228.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shenzhen Kinwong Electronic is the large dot.

Shenzhen Kinwong Electronic competitors and peer comparison

How Shenzhen Kinwong Electronic compares with its peers

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.

Shenzhen Kinwong Electronic against its 20 peers (data as of 6 Nov 2026)
Measure3228.HKPeer medianRank in peer set
1-month return-44.7%-33.1%2nd lowest of 21
Distance from 52-week high-49.9%-49.0%11th highest of 21
Revenue growth (TTM)+39.8%+23.2%6th highest of 21
Operating margin12.2%11.2%10th highest of 21
Forward P/E15.8×27.4×5th cheapest of 19
ROIC minus cost of capital+7.0 pp-1.5 pp6th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Shenzhen Kinwong Electronic 3228.HKHong Kong$7.87Bn/a+40%12%15.8×n/an/a
Shengyi Electronics 688183.SSChina$7.95B-44%+46%21%19.4×n/an/a
Taiwan Union Technology 6274.TWOTaiwan$8.21B-26%+87%23%13.9×n/an/a
Innolux 3481.TWTaiwan$8.71B+32%+11%0%62.6×37.3%-3.4%
TTM Technologies TTMIUnited States$7.01B-58%+38%12%8.5×24.1%+6.7%
Sunny Optical 2382.HKHong Kong$8.92B-3%+20%8%14.8×4.9%+1.9%
VICR VICRUnited States$6.78B-43%+41%25%25.9×46.0%+6.6%
Orbbec 688322.SSChina$6.73B+37%+1%0%202.4×n/an/a
Jiangxi Redboard Technology 603459.SSChina$6.70B-4%+36%17%n/a53.4%+36.1%
Tripod Technology 3044.TWTaiwan$6.57B-15%+21%19%10.7×n/an/a
Shenzhen Fastprint Circuit Tech 002436.SZChina$6.54B-7%+26%6%57.3×n/an/a
Advanced Fiber Resources Zhuhai 300620.SZChina$6.50B-27%+86%18%107.0×n/an/a
Shenzhen Everwin Precision Technology 300115.SZChina$5.95B-12%+19%2%124.0×n/an/a
Compeq Manufacturing 2313.TWTaiwan$5.93B-42%+8%11%15.9×14.6%+4.7%
Kinsus Interconnect Technology 3189.TWTaiwan$10.7B+27%+34%14%29.4×41.2%+7.7%
Accelink Technologies 002281.SZChina$10.8B-37%+32%11%42.6×n/an/a
Founder Technology 600601.SSChina$5.70B-27%+73%19%47.6×n/an/a
Taiyo Yuden 6976.TJapan$5.63B+4%+6%6%28.8×47.0%+3.4%
ITEQ 6213.TWTaiwan$5.45B+75%+16%9%16.6×n/an/a
Lotes 3533.TWTaiwan$5.39B-36%+13%28%17.6×1.9%+14.3%
Dynamic Electronics 603175.SSChina$5.37B-15%+15%5%n/an/an/a

Questions

Which companies are Shenzhen Kinwong Electronic's closest peers?
The cockpit's peer set: Shengyi Electronics (688183.SS), Taiwan Union Technology (6274.TWO), Innolux (3481.TW), TTM Technologies (TTMI), Sunny Optical (2382.HK), VICR (VICR), Orbbec (688322.SS), Jiangxi Redboard Technology (603459.SS).
Is Shenzhen Kinwong Electronic expensive compared with its peers?
On forward p/e it trades at 15.8× against a peer median of 27.4×, 5th cheapest of 19 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.