Loading…
Chinese maker of fiber lasers and laser-marking/welding/cutting equipment, plus fiber-optic passive components for data centers and telecom.
Chinese maker of fiber lasers and laser-marking/welding/cutting equipment, plus fiber-optic passive components for data centers and telecom.
Makes the laser source, the costly core of a marking or welding machine, and sells it both to machine builders and inside its own equipment, so it earns on components as well as complete machines. Fibre-optic passive parts are a separate second business serving data centres.
In one line: A China-based peer to IPG Photonics in fiber lasers.
Moat: narrow (IP / patents, process know-how). In-house fiber-laser source technology reduces reliance on imported lasers, differentiating it from pure equipment integrators.
Headquarters: Shenzhen, China · Employees: 2,375
Size Shenzhen Jpt Opto-Electronics (688025.SS) is a China Information Technology company (Electronic Components) with a market value of $3.97B, the 647th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥278.21 on 6 Nov 2026.
Performance Over six months the shares fell 21.9%, against -15.1% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 68.8% over the last twelve months (peer median +21.1%); the operating margin is 17.9% (peer median 11.3%).
Valuation It trades at 43.3× forward earnings against a peer median of 34.2× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 45% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points above its cost of capital (16.3% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.19B | CN¥2.06B | CN¥1.45B | CN¥1.22B | CN¥1.17B |
| Revenue growth | — | +43% | +19% | +4% | — |
| Gross profit | CN¥1.30B | CN¥727M | CN¥490M | CN¥452M | CN¥376M |
| EBITDA | n/a | CN¥347M | CN¥140M | CN¥154M | CN¥88.3M |
| Net income | CN¥503M | CN¥279M | CN¥133M | CN¥107M | CN¥76.8M |
| Free cash flow | CN¥241M | CN¥501M | -CN¥8.66M | CN¥151M | -CN¥186M |
| Capital expenditure | CN¥319M | CN¥106M | CN¥91.9M | CN¥86.3M | CN¥94.5M |
| Total debt | CN¥848M | CN¥383M | CN¥189M | CN¥183M | CN¥279M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Jpt Opto-Electronics 688025.SS | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% |
| IPG Photonics IPGP | $2.78B | -38% | +15% | 5% | 32.8× | 24.8% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Han's Laser Technology Industry 002008.SZ | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | $3.67B | +22% | +16% | 6% | 76.8× | 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 | 688025.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.6% | -25.4% | 10th lowest of 21 |
| 6-month return | -21.9% | -15.1% | 8th lowest of 20 |
| Distance from 52-week high | -44.6% | -52.0% | 7th highest of 21 |
| Revenue growth (TTM) | +68.8% | +21.1% | 2nd highest of 21 |
| Operating margin | 17.9% | 11.3% | 8th highest of 21 |
| Forward P/E | 43.3× | 34.2× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 44.7% | 27.8% | most demanding of 10 |
| Growth delivered (Del g) | +19.4% | +8.6% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +25.3 pp | +7.3 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | +0.9 pp | -1.1 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |