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Guangzhou maker of electromagnetic-shielding film and electronic copper foil, key materials for flexible printed circuits.
Guangzhou maker of electromagnetic-shielding film and electronic copper foil, key materials for flexible printed circuits.
Sells electromagnetic-shielding film, a thin coating that stops signal interference inside phones and other devices, to flexible-circuit makers, and the film carries the business. Copper foil and flexible copper-clad laminate are newer lines still being built up. Its film broke a long hold by Japanese suppliers on the high-end segment.
Moat: narrow (IP / patents, process know-how). Broke a long Japanese hold on high-end shielding film; patented coating know-how, but a small niche.
Headquarters: Guangzhou, China · Founded: 2010 · Employees: 534
Size Guangzhou Fangbang Electronics (688020.SS) is a China Materials company (Containers/Packaging) with a market value of $900M, the 2519th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥72.81 on 6 Nov 2026.
Performance Over six months the shares fell 50.6%, against -10.5% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +2.7%); the operating margin is -27.6% (peer median 7.4%).
Valuation It trades at 4.61× book value against a peer median of 1.88× (most expensive of 21).
Price implies The share price implies a return on equity of about 69.1%; Guangzhou Fangbang Electronics delivers -7.9%, so the price asks more than the business earns today.
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥365M | CN¥357M | CN¥344M | CN¥345M | CN¥312M |
| Revenue growth | — | +4% | 0% | +10% | — |
| Gross profit | CN¥158M | CN¥93.5M | CN¥77.3M | CN¥69.8M | CN¥69.9M |
| EBITDA | n/a | CN¥25.1M | -CN¥9.43M | -CN¥2.12M | -CN¥10.2M |
| Net income | -CN¥105M | -CN¥83.6M | -CN¥91.6M | -CN¥68.7M | -CN¥68.0M |
| Free cash flow | -CN¥35.9M | -CN¥5.64M | -CN¥115M | -CN¥74.9M | -CN¥45.8M |
| Capital expenditure | CN¥11.7M | CN¥15.6M | CN¥81.6M | CN¥77.5M | CN¥172M |
| Total debt | CN¥302M | CN¥241M | CN¥224M | CN¥213M | CN¥138M |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Guangzhou Fangbang Electronics 688020.SS | $900M | -51% | -2% | -8% | 4.61× | 69.1% |
| artience 4634.T | $1.25B | +18% | +7% | 7% | 0.77× | 5.5% |
| Nuode New Materials 600110.SS | $2.21B | -22% | +100% | 1% | 2.44× | 33.1% |
| Guangdong Jia Yuan Technology Shares 688388.SS | $2.12B | -38% | +81% | 7% | 1.63× | 23.2% |
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 | 688020.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -42.2% | -7.1% | lowest of 21 |
| 6-month return | -50.6% | -10.5% | lowest of 21 |
| Return on equity | -7.9% | 8.1% | 3rd lowest of 21 |
| Price / book | 4.61× | 1.88× | most expensive of 21 |
| ROE the price implies | 69.1% | 10.8% | most demanding of 21 |
| ROE delivered | -7.9% | 7.6% | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Fangbang Electronics 688020.SS | China | $900M | -51% | -2% | -8% | 4.61× | 69.1% | -7.9% |
| Time Technoplast TIMETECHNO.NS | India | $891M | -9% | +16% | 13% | 2.06× | 24.9% | n/a |
| MYS 002303.SZ | China | $909M | +26% | +1% | 5% | 1.46× | 10.2% | 4.9% |
| Zhejiang Great Southeast 002263.SZ | China | $871M | -23% | +5% | 1% | 2.08× | 16.4% | 0.9% |
| Xiamen Jihong 2603.HK | Hong Kong | $945M | -24% | +18% | 10% | 1.53× | 6.5% | 9.6% |
| Quzhou DFP New Material 601515.SS | China | $843M | -36% | +13% | -9% | 1.17× | 9.2% | -8.9% |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 17% | 2.80× | 24.8% | 17.0% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 2% | 2.00× | 14.0% | 1.7% |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 21% | 2.32× | 9.5% | 20.9% |
| O-I Glass OI | United States | $796M | -44% | -2% | -141% | 2.15× | 15.0% | -141.0% |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 18% | 2.92× | 15.2% | 18.4% |
| Cheng Loong 1904.TW | Taiwan | $788M | +34% | -3% | 8% | 0.85× | 3.2% | 8.2% |
| Shanghai Baosteel Packaging 601968.SS | China | $785M | -19% | +17% | 5% | 1.15× | 7.2% | 5.3% |
| Shantou Wanshun New Material 300057.SZ | China | $784M | -45% | +29% | 0% | 0.94× | 11.4% | -0.5% |
| Sunrise 002752.SZ | China | $766M | -29% | +8% | 11% | 1.37× | 10.0% | 11.3% |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 18% | 1.79× | 5.4% | 18.0% |
| EPL EPL.NS | India | $752M | -6% | +17% | 15% | 2.48× | 32.7% | n/a |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 3.04× | 31.0% | 7.1% |
| Planetree International Development 0613.HK | Hong Kong | $733M | +151% | -62% | 30% | 1.39× | 8.1% | 29.9% |
| Ningbo Exciton Technology 300566.SZ | China | $730M | -2% | -2% | 8% | 1.97× | 20.2% | 7.9% |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 7% | 0.91× | 6.8% | 7.3% |