Chinese maker of thin-film capacitors used in EVs, solar inverters and power-electronics equipment.
Chinese maker of thin-film capacitors used in EVs, solar inverters and power-electronics equipment.
Sells film capacitors that power-electronics makers design into products, so a qualified part is bought repeatedly for the life of a model, and volumes follow electric-vehicle and solar-inverter output. Few makers can meet the performance and reliability standards, so qualification is the main gate to orders.
In one line: A Chinese Kemet/Vishay (film capacitors).
Moat: narrow (process know-how, customer qualification). Qualified film-capacitor supplier in EV and solar power electronics, a technically exacting component niche.
Headquarters: Xiamen, Fujian, China · Founded: 1993 · Employees: 5,895
Size Xiamen Faratronic (600563.SS) is a China Information Technology company (Electronic Components) with a market value of $3.58B, the 721st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥105.98 on 6 Nov 2026.
Performance Over six months the shares fell 10.2%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +18.7%); the operating margin is 22.6% (peer median 13.7%).
Valuation It trades at 18.4× forward earnings against a peer median of 29.1× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.4 points above its cost of capital (8.2% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.79B | CN¥5.30B | CN¥4.75B | CN¥3.86B | CN¥3.82B |
| Revenue growth | — | +12% | +23% | +1% | — |
| Gross profit | CN¥2.05B | CN¥1.66B | CN¥1.55B | CN¥1.45B | CN¥1.43B |
| EBITDA | n/a | CN¥1.47B | CN¥1.35B | CN¥1.28B | CN¥1.21B |
| Net income | CN¥1.23B | CN¥1.19B | CN¥1.04B | CN¥1.02B | CN¥1.01B |
| Free cash flow | CN¥923M | CN¥829M | CN¥893M | CN¥659M | CN¥468M |
| Capital expenditure | CN¥469M | CN¥545M | CN¥391M | CN¥473M | CN¥584M |
| Total debt | CN¥1.51B | CN¥1.48B | CN¥1.35B | CN¥747M | CN¥824M |
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 |
|---|---|---|---|---|---|---|
| Xiamen Faratronic 600563.SS | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% |
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
| Nantong Jianghai Capacitor 002484.SZ | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% |
| Nichicon 6996.T | $758M | -27% | 0% | 5% | 13.0× | 15.3% |
| Anhui Tongfeng Electronics 600237.SS | $714M | -15% | -6% | 10% | 32.8× | 19.8% |
| Yageo 2327.TW | $23.3B | +8% | +32% | 27% | 13.9× | 17.7% |
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 | 600563.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | -24.9% | 2nd highest of 21 |
| 6-month return | -10.2% | -16.1% | 7th highest of 20 |
| Distance from 52-week high | -46.7% | -45.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +9.7% | +18.7% | 6th lowest of 21 |
| Operating margin | 22.6% | 13.7% | 5th highest of 21 |
| Forward P/E | 18.4× | 29.1× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 25.5% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +23.1% | +8.2% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -15.0 pp | +8.8 pp | least demanding of 13 |
| ROIC minus cost of capital | +10.4 pp | -0.0 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |