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Maker of optical fiber/cable and submarine communication cables, also producing power cables.
Maker of optical fiber/cable and submarine communication cables, also producing power cables.
Makes the glass fibre and fibre-optic cable behind telecom and data networks, and subsea cable systems built and laid under multi-year project contracts; power cables, including for offshore wind, are the third line. Its subsea business grew from buying Huawei's stake in Huawei Marine Networks in 2019, now trading as HMN Tech. Hengtong Group, a private Jiangsu firm, controls it.
In one line: China's Prysmian Group.
Moat: narrow (scale, process know-how). Submarine-cable manufacturing and laying know-how is a high technical barrier versus land-cable rivals.
Headquarters: Suzhou, China · Founded: 1997 · Employees: 17,124
Size Hengtong Optic-Electric (600487.SS) is a China Industrials company (Electrical Products) with a market value of $14.9B, the 157th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥40.90 on 6 Nov 2026.
Performance Over six months the shares fell 37.8%, against -25.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 21.4% over the last twelve months (peer median +22.8%); the operating margin is 9.2% (peer median 11.6%).
Valuation It trades at 11.8× forward earnings against a peer median of 19.3× (5th cheapest of 21).
Capital Return on invested capital runs 1.8 points above its cost of capital (10.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥81.6B | CN¥66.8B | CN¥59.9B | CN¥47.6B | CN¥46.4B |
| Revenue growth | — | +12% | +26% | +3% | — |
| Gross profit | CN¥15.4B | CN¥8.00B | CN¥7.34B | CN¥6.67B | CN¥6.03B |
| EBITDA | n/a | CN¥4.94B | CN¥5.26B | CN¥4.10B | CN¥3.32B |
| Net income | CN¥6.47B | CN¥2.68B | CN¥2.77B | CN¥2.15B | CN¥1.59B |
| Free cash flow | -CN¥320M | -CN¥11.6M | CN¥1.28B | -CN¥204M | -CN¥1.78B |
| Capital expenditure | CN¥3.49B | CN¥2.84B | CN¥2.03B | CN¥2.11B | CN¥2.64B |
| Total debt | CN¥25.2B | CN¥23.1B | CN¥20.7B | CN¥21.4B | CN¥18.1B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hengtong Optic-Electric 600487.SS | $14.9B | -38% | +21% | 9% | 11.8× | n/a |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nec 6701.T | $36.3B | +5% | +7% | 12% | 18.6× | 5.5% |
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 | 600487.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.4% | -6.4% | 7th lowest of 21 |
| 6-month return | -37.8% | -25.7% | 4th lowest of 21 |
| Distance from 52-week high | -67.3% | -38.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +21.4% | +22.8% | 10th lowest of 21 |
| Operating margin | 9.2% | 11.6% | 8th lowest of 20 |
| Forward P/E | 11.8× | 19.3× | 5th cheapest of 21 |
| ROIC minus cost of capital | +1.8 pp | +3.9 pp | 9th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |