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Chinese maker of printed circuit boards (PCBs) used across consumer and industrial electronics.
Chinese maker of printed circuit boards (PCBs) used across consumer and industrial electronics.
In one line: A smaller, China-based PCB manufacturer.
Moat: narrow (process know-how, scale). PCB manufacturing is capital- and process-intensive with thin, scale-driven margins.
Headquarters: China · Employees: 7,526
Size Olympic Circuit Technology (603920.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $3.29B, the 789th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.53 on 6 Nov 2026.
Performance Over six months the shares fell 42.0%, against -17.1% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +22.7%); the operating margin is 6.5% (peer median 6.4%).
Valuation It trades at 30.1× forward earnings against a peer median of 26.0× (7th most expensive of 17).
Capital Return on invested capital runs 0.7 points above its cost of capital (10.3% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.54B | CN¥5.56B | CN¥5.00B | CN¥4.49B | CN¥4.42B |
| Revenue growth | — | +11% | +11% | +2% | — |
| Gross profit | CN¥1.33B | CN¥1.13B | CN¥1.11B | CN¥913M | CN¥792M |
| EBITDA | n/a | CN¥955M | CN¥1.01B | CN¥862M | CN¥726M |
| Net income | CN¥379M | CN¥684M | CN¥675M | CN¥496M | CN¥434M |
| Free cash flow | -CN¥438M | CN¥185M | CN¥690M | CN¥1.21B | -CN¥68.6M |
| Capital expenditure | CN¥1.06B | CN¥736M | CN¥298M | CN¥232M | CN¥1.06B |
| Total debt | CN¥1.70B | CN¥1.24B | CN¥974M | CN¥1.51B | CN¥1.21B |
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 |
|---|---|---|---|---|---|---|
| Olympic Circuit Technology 603920.SS | $3.29B | -42% | +21% | 6% | 30.1× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 22.6× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
| Unimicron Technology 3037.TW | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% |
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 | 603920.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.3% | -24.8% | 8th lowest of 21 |
| 6-month return | -42.0% | -17.1% | 5th lowest of 21 |
| Distance from 52-week high | -58.0% | -54.6% | 10th lowest of 21 |
| Revenue growth (TTM) | +20.9% | +22.7% | 11th highest of 21 |
| Operating margin | 6.5% | 6.4% | 11th highest of 21 |
| Forward P/E | 30.1× | 26.0× | 7th most expensive of 17 |
| ROIC minus cost of capital | +0.7 pp | -3.1 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |