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← CockpitCompetitor Analysis › 603175.SS Dynamic Electronics Co Ltd Class AOpen in the cockpit ↗

Dynamic Electronics Co Ltd Class A603175.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Electronic Components

Chinese PCB manufacturer making multilayer circuit boards for communications, IoT and consumer electronics customers.

≈ A smaller, regional Chinese PCB makerMomentum strong 70
Mkt cap
$5.37B
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$27.0M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-5.4 pp
WACC 10.8%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥82.20
1D-3.0%
1W-3.5%
1M-19.9%
3M+10.9%
6M-14.5%
YTD+20.5%
1Yn/a
ATR %6.7%
52w lowhigh29.7% off high

What Dynamic Electronics does

Chinese PCB manufacturer making multilayer circuit boards for communications, IoT and consumer electronics customers.

In one line: A smaller, regional Chinese PCB maker.

Products and services

  • Multilayer PCBs
  • HDI boards
  • IoT device PCBs

Customers

  • Communications equipment makers
  • IoT device makers
  • Consumer electronics OEMs

Where it sits in the supply chain

  • Electronic components
  • Printed circuit boards
  • Multilayer PCBs for…

What could go right

  • Communications/IoT PCB demand growth

What could go wrong

  • Highly fragmented, price-competitive PCB industry

Moat: none (process know-how). Commodity multilayer PCB manufacturing in a fragmented, price-competitive industry.

Headquarters: Wuhu, China · Founded: 2003 · Employees: 6,127

Named competitors

Dynamic Electronics at a glance

Size Dynamic Electronics (603175.SS) is a China Information Technology company (Electronic Components) with a market value of $5.37B, the 469th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥82.20 on 6 Nov 2026.

Performance Over six months the shares fell 14.5%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 15.2% over the last twelve months (peer median +20.6%); the operating margin is 4.7% (peer median 12.8%).

Valuation It trades at 6.5× enterprise value to sales against a peer median of 5.4× (10th most expensive of 21).

Capital Return on invested capital runs 5.4 points below its cost of capital (10.8% WACC).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026Peer median 85603175.SS 83
Six months, rebased to 100: Dynamic Electronics against the median of its 20 peers (local-currency closes).

Dynamic Electronics financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥6.24BCN¥4.75BCN¥4.12BCN¥3.66BCN¥3.51B
Revenue growth—+15%+13%+4%—
Gross profitCN¥1.27BCN¥893MCN¥884MCN¥828MCN¥590M
EBITDAn/aCN¥699MCN¥649MCN¥654MCN¥392M
Net income-CN¥129MCN¥231MCN¥276MCN¥266MCN¥141M
Free cash flow-CN¥2.32B-CN¥1.10B-CN¥670MCN¥114M-CN¥287M
Capital expenditureCN¥2.53BCN¥1.51BCN¥1.28BCN¥705MCN¥794M
Total debtCN¥5.79BCN¥3.47BCN¥2.54BCN¥1.88BCN¥1.53B

Quarterly statements and history in the cockpit →

Dynamic Electronics 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.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-50%-25%0%+25%35336213697660060123136886293001153005673009036415CAMT3006200013890024363044603459688322VICR6806603175.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Dynamic Electronics is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%5×10×15×35336213697660060123136886293001153005673009036415CAMT3006200013890024363044603459688322VICR603175.SSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Dynamic Electronics is the large dot.

Dynamic Electronics competitors and peer comparison

Head to head with its named competitors (603175.SS vs 002916.SZ vs 603228.SS vs 002436.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Dynamic Electronics 603175.SS$5.37B-15%+15%5%6.5×n/a
Shennan Circuit 002916.SZ$20.4B-36%+51%18%4.5×n/a
Shenzhen Kinwong Electronic 603228.SS$8.38B-23%+33%12%3.0×n/a
Shenzhen Fastprint Circuit Tech 002436.SZ$6.54B-7%+26%6%5.8×n/a

How Dynamic Electronics 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.

Dynamic Electronics against its 20 peers (data as of 6 Nov 2026)
Measure603175.SSPeer medianRank in peer set
1-month return-19.9%-31.4%6th highest of 21
6-month return-14.5%-14.1%11th highest of 21
Distance from 52-week high-29.7%-49.6%2nd highest of 21
Revenue growth (TTM)+15.2%+20.6%7th lowest of 21
Operating margin4.7%12.8%5th lowest of 21
EV / Sales6.5×5.4×10th most expensive of 21
ROIC minus cost of capital-5.4 pp-1.8 pp5th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Dynamic Electronics 603175.SSChina$5.37B-15%+15%5%6.5×n/an/a
Lotes 3533.TWTaiwan$5.39B-36%+13%28%4.5×1.9%+14.3%
ITEQ 6213.TWTaiwan$5.45B+75%+16%9%4.9×n/an/a
Taiyo Yuden 6976.TJapan$5.63B+4%+6%6%2.6×47.0%+3.4%
Founder Technology 600601.SSChina$5.70B-27%+73%19%5.0×n/an/a
Compeq Manufacturing 2313.TWTaiwan$5.93B-42%+8%11%2.4×14.6%+4.7%
Sichuan Huafeng Technology 688629.SSChina$4.85B-49%+46%9%11.0×n/an/a
Shenzhen Everwin Precision Technology 300115.SZChina$5.95B-12%+19%2%2.2×n/an/a
Wuhan Jingce Electronic 300567.SZChina$4.80B-14%+31%0%9.4×n/an/a
Guangdong Kingshine Electronic Technology 300903.SZChina$4.69B+45%+36%4%6.7×n/an/a
Silergy 6415.TWTaiwan$4.58B-11%+13%12%6.7×n/an/a
Camtek CAMTUnited States$4.53B-53%+12%23%8.1×29.7%+26.1%
Advanced Fiber Resources Zhuhai 300620.SZChina$6.50B-27%+86%18%18.7×n/an/a
Delton Technology (Guangzhou) 001389.SZChina$4.43B-48%+77%25%3.5×n/an/a
Shenzhen Fastprint Circuit Tech 002436.SZChina$6.54B-7%+26%6%5.8×n/an/a
Tripod Technology 3044.TWTaiwan$6.57B-15%+21%19%2.3×n/an/a
Jiangxi Redboard Technology 603459.SSChina$6.70B-4%+36%17%12.4×53.4%+36.1%
Nantong Jianghai Capacitor 002484.SZChina$4.28B-15%+17%14%4.4×23.2%+15.9%
Orbbec 688322.SSChina$6.73B+37%+1%0%46.6×n/an/a
VICR VICRUnited States$6.78B-43%+41%25%11.2×46.0%+6.6%
Hirose Electric 6806.TJapan$4.23B-4%+21%22%2.5×8.4%+9.6%

Questions

Who are Dynamic Electronics's main competitors?
Named competitors: Shennan Circuit (002916.SZ), Kinwong Electronic (603228.SS), Fastprint Circuit Tech (002436.SZ). The cockpit's measured peer set (industry) also includes Lotes (3533.TW), ITEQ (6213.TW), Taiyo Yuden (6976.T), Founder Technology (600601.SS), Compeq Manufacturing (2313.TW), Sichuan Huafeng Technology (688629.SS).
Is Dynamic Electronics expensive compared with its peers?
On ev / sales it trades at 6.5× against a peer median of 5.4×, 10th most expensive of 21 in its peer set.
How has Dynamic Electronics stock performed?
Over six months to 6 Nov 2026 the shares returned -14.5% against -14.1% for the median peer.

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.