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Shenzhen maker of broadband terminals (PON optical units, Wi-Fi access points), plus data-centre switches, servers and car electronics.
Shenzhen maker of broadband terminals (PON optical units, Wi-Fi access points), plus data-centre switches, servers and car electronics.
Builds fibre-broadband terminals, Wi-Fi equipment and other network hardware to order for telecom operators and brands, with most sales outside China. Data-centre switches and servers, added more recently, have driven the latest growth, while car electronics and smart home hardware are further lines.
Moat: narrow (scale, customer qualification). Long-qualified supplier to operators with large broadband-terminal output; hardware is competitive and low-margin.
Headquarters: Shenzhen, China · Employees: 7,269
Size Shenzhen Gongjin Electronics (603118.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $1.42B, the 1712th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.00 on 6 Nov 2026.
Performance Over six months the shares fell 18.0%, against -24.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +13.9%); the operating margin is 2.3% (peer median 2.3%).
Valuation It trades at 1.0× enterprise value to sales against a peer median of 2.9× (3rd cheapest of 21).
Capital Return on invested capital runs 2.0 points below its cost of capital (6.9% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.7B | CN¥9.19B | CN¥8.36B | CN¥8.49B | CN¥11.0B |
| Revenue growth | — | +10% | -2% | -22% | — |
| Gross profit | CN¥1.22B | CN¥971M | CN¥873M | CN¥1.02B | CN¥1.41B |
| EBITDA | n/a | CN¥352M | CN¥218M | CN¥438M | CN¥576M |
| Net income | CN¥104M | CN¥77.8M | -CN¥79.9M | CN¥64.7M | CN¥227M |
| Free cash flow | -CN¥573M | -CN¥102M | -CN¥10.1M | CN¥332M | -CN¥124M |
| Capital expenditure | CN¥355M | CN¥327M | CN¥300M | CN¥529M | CN¥503M |
| Total debt | CN¥3.43B | CN¥3.92B | CN¥2.38B | CN¥3.13B | CN¥2.77B |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Gongjin Electronics 603118.SS | $1.42B | -18% | +21% | 2% | 1.0× | n/a |
| ZTE 000063.SZ | $19.0B | -23% | +14% | 1% | 1.2× | 19.0% |
| Fiberhome Telecommunication Technologies 600498.SS | $5.50B | -42% | +16% | 1% | 1.8× | 12.8% |
| Sercomm 5388.TW | $591M | -19% | +34% | 3% | 0.3× | n/a |
| Accton Technology 2345.TW | $21.6B | -49% | +82% | 14% | 2.2× | 4.5% |
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 | 603118.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.4% | -6.0% | 3rd lowest of 21 |
| 6-month return | -18.0% | -24.5% | 8th highest of 20 |
| Distance from 52-week high | -41.7% | -47.6% | 7th highest of 21 |
| Revenue growth (TTM) | +20.6% | +13.9% | 6th highest of 21 |
| Operating margin | 2.3% | 2.3% | 11th highest of 21 |
| EV / Sales | 1.0× | 2.9× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -2.0 pp | -3.9 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Gongjin Electronics 603118.SS | China | $1.42B | -18% | +21% | 2% | 1.0× | n/a | n/a |
| Furuno Electric 6814.T | Japan | $1.42B | -1% | +14% | 13% | 1.4× | 7.4% | +11.3% |
| Hanwha Vision 489790.KS | South Korea | $1.41B | -56% | +20% | 11% | 0.9× | n/a | n/a |
| Tianjin 712 Communication & Broadcasting 603712.SS | China | $1.41B | -25% | +27% | -17% | 5.0× | n/a | n/a |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | 2.9× | 11.3% | +7.0% |
| Hwa Create 300045.SZ | China | $1.35B | -39% | -7% | -20% | 14.5× | n/a | n/a |
| Zhejiang Chengchang Technology 001270.SZ | China | $1.34B | -37% | -1% | 27% | 20.9× | 44.0% | +18.3% |
| Arlo Technologies ARLO | United States | $1.33B | -19% | +16% | 3% | 2.0× | 32.6% | +8.2% |
| Noritsu Koki 7744.T | Japan | $1.31B | -7% | +33% | 20% | 1.5× | -6.9% | +16.8% |
| Vistance Networks VISN | United States | $1.27B | -35% | -38% | 12% | 0.4× | -4.6% | -25.5% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | 2.9× | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | 3.0× | -11.0% | +19.4% |
| Adtran Networks ADV.DE | Germany | $1.21B | -10% | +15% | -3% | 2.1× | -2.7% | -3.1% |
| Hubei Jiuzhiyang Infrared System 300516.SZ | China | $1.18B | -15% | -7% | -8% | 12.7× | 20.4% | -1.0% |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | 3.5× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 33.8× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | 11.2× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 1.4× | n/a | n/a |
| Chengdu CORPRO Technology 300101.SZ | China | $1.07B | -35% | -25% | -18% | 10.6× | n/a | n/a |
| Fibocom Wireless 300638.SZ | China | $1.88B | -10% | +3% | 2% | 1.7× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 1.5× | 23.1% | +13.1% |