Chinese PCB manufacturer making multilayer circuit boards for communications, IoT and consumer electronics customers.
Chinese PCB manufacturer making multilayer circuit boards for communications, IoT and consumer electronics customers.
In one line: A smaller, regional Chinese PCB maker.
Moat: none (process know-how). Commodity multilayer PCB manufacturing in a fragmented, price-competitive industry.
Headquarters: Wuhu, China · Founded: 2003 · Employees: 6,127
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.24B | CN¥4.75B | CN¥4.12B | CN¥3.66B | CN¥3.51B |
| Revenue growth | — | +15% | +13% | +4% | — |
| Gross profit | CN¥1.27B | CN¥893M | CN¥884M | CN¥828M | CN¥590M |
| EBITDA | n/a | CN¥699M | CN¥649M | CN¥654M | CN¥392M |
| Net income | -CN¥129M | CN¥231M | CN¥276M | CN¥266M | CN¥141M |
| Free cash flow | -CN¥2.32B | -CN¥1.10B | -CN¥670M | CN¥114M | -CN¥287M |
| Capital expenditure | CN¥2.53B | CN¥1.51B | CN¥1.28B | CN¥705M | CN¥794M |
| Total debt | CN¥5.79B | CN¥3.47B | CN¥2.54B | CN¥1.88B | CN¥1.53B |
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 |
|---|---|---|---|---|---|---|
| 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 |
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 | 603175.SS | Peer median | Rank 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 margin | 4.7% | 12.8% | 5th lowest of 21 |
| EV / Sales | 6.5× | 5.4× | 10th most expensive of 21 |
| ROIC minus cost of capital | -5.4 pp | -1.8 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | 6.5× | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 4.5× | 1.9% | +14.3% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 4.9× | n/a | n/a |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 2.6× | 47.0% | +3.4% |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 5.0× | n/a | n/a |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 2.4× | 14.6% | +4.7% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 11.0× | n/a | n/a |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 2.2× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 9.4× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 6.7× | n/a | n/a |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 6.7× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 8.1× | 29.7% | +26.1% |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 18.7× | n/a | n/a |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 3.5× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 5.8× | n/a | n/a |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 2.3× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | 12.4× | 53.4% | +36.1% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 4.4× | 23.2% | +15.9% |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 46.6× | n/a | n/a |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 11.2× | 46.0% | +6.6% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 2.5× | 8.4% | +9.6% |