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Chinese telecom equipment maker of optical transmission, broadband access and data communication systems for carriers and enterprises.
Chinese telecom equipment maker of optical transmission, broadband access and data communication systems for carriers and enterprises.
Sells network gear to China's three state carriers mainly through their national tender rounds, so orders come in large periodic batches and carrier spending decides revenue. State-controlled through China Information Communication Technologies Group.
In one line: China's Ciena/Nokia (optical networking).
Moat: narrow (IP / patents, customer qualification, scale). State-linked (Wuhan Research Institute) optical-networking incumbent with deep carrier relationships domestically.
Headquarters: Wuhan, China · Founded: 1999 · Employees: 13,410
Size Fiberhome Telecommunication Technologies (600498.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $5.50B, the 453rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.00 on 6 Nov 2026.
Performance Over six months the shares fell 42.2%, against -38.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +6.4%); the operating margin is 0.5% (peer median 4.9%).
Valuation It trades at 21.5× forward earnings against a peer median of 22.7× (8th cheapest of 15).
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 +3%, so the hurdle is +9 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 6.4 points below its cost of capital (8.8% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥28.3B | CN¥24.9B | CN¥28.5B | CN¥31.1B | CN¥30.8B |
| Revenue growth | — | -13% | -8% | +1% | — |
| Gross profit | CN¥6.37B | CN¥4.77B | CN¥5.59B | CN¥5.96B | CN¥6.30B |
| EBITDA | n/a | CN¥980M | CN¥1.55B | CN¥1.25B | CN¥1.20B |
| Net income | CN¥238M | CN¥436M | CN¥703M | CN¥505M | CN¥406M |
| Free cash flow | CN¥8.39B | CN¥3.66B | CN¥3.59B | -CN¥380M | -CN¥519M |
| Capital expenditure | CN¥1.87B | CN¥1.44B | CN¥1.37B | CN¥750M | CN¥733M |
| Total debt | CN¥19.6B | CN¥18.5B | CN¥19.6B | CN¥15.2B | CN¥14.2B |
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 |
|---|---|---|---|---|---|---|
| Fiberhome Telecommunication Technologies 600498.SS | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% |
| ZTE 000063.SZ | $19.0B | -23% | +14% | 1% | 24.2× | 19.0% |
| Ciena CIEN | $34.5B | -56% | +33% | 14% | 23.4× | 29.0% |
| Nokia NOKIA.HE | $44.3B | -37% | +4% | 14% | 19.2× | 17.4% |
| Hengtong Optic-Electric 600487.SS | $14.9B | -38% | +21% | 9% | 11.8× | 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 | 600498.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.7% | -13.5% | 7th lowest of 20 |
| 6-month return | -42.2% | -38.0% | 9th lowest of 19 |
| Distance from 52-week high | -69.2% | -54.0% | 5th lowest of 21 |
| Revenue growth (TTM) | +15.7% | +6.4% | 10th highest of 21 |
| Operating margin | 0.5% | 4.9% | 5th lowest of 21 |
| Forward P/E | 21.5× | 22.7× | 8th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 12.8% | 18.6% | 4th least demanding of 9 |
| Growth delivered (Del g) | +3.4% | +10.5% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +9.4 pp | +9.7 pp | 5th least demanding of 9 |
| ROIC minus cost of capital | -6.4 pp | -2.8 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fiberhome Telecommunication Technologies 600498.SS | China | $5.50B | -42% | +16% | 1% | 21.5× | 12.8% | +3.4% |
| Shenzhen Sunway Communication 300136.SZ | China | $6.14B | -54% | +2% | 9% | 47.1× | 30.6% | +6.9% |
| Jiang Su Etern 600105.SS | China | $4.82B | -48% | +49% | 12% | 24.4× | n/a | n/a |
| QuantumCTek 688027.SS | China | $4.60B | -48% | -19% | -33% | 4,259.0× | n/a | n/a |
| Ohb OHB.DE | Germany | $4.45B | -61% | +18% | 5% | 60.7× | n/a | n/a |
| Zhejiang Dahua Technology 002236.SZ | China | $7.04B | -21% | +7% | 7% | 12.3× | n/a | n/a |
| Yealink Network Technology 300628.SZ | China | $7.50B | +8% | +17% | 46% | 16.2× | 4.3% | +17.0% |
| Huber + Suhner HUBN.SW | Switzerland | $3.49B | -44% | -4% | 9% | 30.9× | 11.1% | +3.2% |
| ViaSat VSAT | United States | $8.81B | -9% | +1% | 2% | n/a | 42.8% | +15.5% |
| Digital China 000034.SZ | China | $3.16B | -22% | +28% | 1% | 26.6× | n/a | n/a |
| Ondas ONDS | United States | $3.11B | -41% | +979% | -127% | n/a | n/a | n/a |
| China Spacesat 600118.SS | China | $9.75B | -46% | +6% | 1% | 531.4× | n/a | n/a |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |
| Shenzhen Transsion 2636.HK | Hong Kong | $11.3B | n/a | +4% | 5% | 10.6× | n/a | n/a |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Huaqin 3296.HK | Hong Kong | $12.7B | -30% | +35% | 2% | 12.3× | n/a | n/a |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |