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One of China's leading lighting brands, selling LED lamps, fixtures and smart-home lighting products.
One of China's leading lighting brands, selling LED lamps, fixtures and smart-home lighting products.
Sells through distributors, lighting shops and online platforms, with a separate project channel supplying property developers and commercial buyers. The mix ties sales to housing and fit-out activity. Founder Wang Yaohai holds control.
In one line: A Chinese Philips/Signify (lighting).
Moat: narrow (brand, distribution). Leading domestic lighting brand with wide retail distribution, though products face rapid commoditization.
Headquarters: Shanghai, China · Founded: 1996 · Employees: 5,976
Size Opple Lighting (603515.SS) is a China Industrials company (Electrical Products) with a market value of $1.67B, the 1489th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.96 on 6 Nov 2026.
Performance Over six months the shares fell 26.2%, against -33.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 18 in its peer set.
Growth Revenue grew 1.0% over the last twelve months (peer median +25.6%); the operating margin is 8.6% (peer median 8.8%).
Valuation It trades at 17.2× forward earnings against a peer median of 22.1× (5th cheapest of 13).
Capital Return on invested capital runs 24.0 points above its cost of capital (7.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.01B | CN¥6.94B | CN¥7.06B | CN¥7.76B | CN¥7.24B |
| Revenue growth | — | -2% | -9% | +7% | — |
| Gross profit | CN¥2.68B | CN¥2.64B | CN¥2.65B | CN¥2.93B | CN¥2.49B |
| EBITDA | n/a | CN¥1.07B | CN¥951M | CN¥1.02B | CN¥804M |
| Net income | CN¥692M | CN¥920M | CN¥903M | CN¥924M | CN¥784M |
| Free cash flow | -CN¥6.18B | CN¥404M | CN¥699M | CN¥1.34B | CN¥190M |
| Capital expenditure | CN¥324M | CN¥362M | CN¥176M | CN¥349M | CN¥329M |
| Total debt | CN¥36.7M | CN¥78.4M | CN¥177M | CN¥232M | CN¥265M |
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 |
|---|---|---|---|---|---|---|
| Opple Lighting 603515.SS | $1.67B | -26% | +1% | 9% | 17.2× | n/a |
| Hengdian Group Tospo Lighting 603303.SS | $1.86B | +44% | +5% | 1% | 70.3× | 35.6% |
| Signify LIGHT.AS | $2.09B | -26% | -8% | 7% | 8.5× | -12.5% |
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 | 603515.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | -15.4% | 6th highest of 21 |
| 6-month return | -26.2% | -33.4% | 7th highest of 18 |
| Distance from 52-week high | -31.4% | -52.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +1.0% | +25.6% | 6th lowest of 21 |
| Operating margin | 8.6% | 8.8% | 10th lowest of 21 |
| Forward P/E | 17.2× | 22.1× | 5th cheapest of 13 |
| ROIC minus cost of capital | +24.0 pp | -3.9 pp | 2nd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 17.2× | n/a | n/a |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | n/a | 17.9% | +5.2% |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | n/a | 50.5% | +14.1% |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | n/a | n/a | n/a |
| Hainan Drinda New Energy Technology 2865.HK | Hong Kong | $1.62B | -65% | +1% | -13% | n/a | 29.6% | +53.8% |
| SWCC 5805.T | Japan | $1.71B | +1% | +21% | 11% | 11.1× | 6.4% | +11.4% |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 296.7× | n/a | n/a |
| Finolex Cables FINCABLES.NS | India | $1.76B | 0% | +27% | 10% | 19.9× | n/a | n/a |
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% | +42.5% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | n/a | n/a | n/a |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Wuxi Huaguang Environment & Energy 600475.SS | China | $1.79B | -24% | -8% | 7% | 20.7× | 8.0% | +3.0% |
| Pfeiffer Vacuum Technology PFV.DE | Germany | $1.79B | -3% | 0% | 9% | 23.6× | 8.9% | +6.6% |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | n/a | 28.4% | -1.3% |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 31.8× | n/a | n/a |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | n/a | n/a | n/a |
| Guangdong Mingyang Electric 301291.SZ | China | $1.81B | -34% | -17% | 5% | 27.9× | 15.6% | +32.9% |
| Advanced Energy Solution 6781.TW | Taiwan | $1.82B | -37% | +38% | 24% | 13.5× | 2.6% | +20.5% |
| Farasis Energy (Gan Zhou) 688567.SS | China | $1.82B | -29% | -8% | -10% | n/a | -0.9% | +52.1% |