Who are QuantumCTek's main competitors?

Named competitors: ID Quantique (private or unlisted), Toshiba (private or unlisted). The cockpit's measured peer set (industry) also includes Ohb (OHB.DE), Jiang Su Etern (600105.SS), Fiberhome Telecommunication Technologies (600498.SS), Huber + Suhner (HUBN.SW), Shenzhen Sunway Communication (300136.SZ), Digital China (000034.SZ).

Is QuantumCTek expensive compared with its peers?

On forward p/e it trades at 4,259.0× against a peer median of 23.0×, most expensive of 15 in its peer set.

How has QuantumCTek stock performed?

Over six months to 6 Nov 2026 the shares returned -47.9% against -35.0% for the median peer; over one year -28.1%.

← CockpitCompetitor Analysis › 688027.SS QuantumCTek Co., Ltd. Class AOpen in the cockpit ↗

QuantumCTek Co., Ltd. Class A688027.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Telecommunications Equipment

China's leading quantum-communication company, making quantum key distribution equipment for secure networks.

≈ A Chinese pioneer in commercial quantum cryptography, no direct US-listed peerMomentum laggard 6

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.60B

US dollars, full cap

Free float

59%

of shares outstanding

$/day

$81.2M

20-day average traded

Fwd P/E

4,259.0×

forward earnings

ROIC−WACC

-18.0 pp

WACC 13.1%

Hurdle

n/a

no reverse DCF

Close · CNYCN¥298.13

1D-4.7%

1W+8.4%

1M-5.3%

3M-26.1%

6M-47.9%

YTD-40.8%

1Y-28.1%

ATR %5.7%

52w lowhigh60.8% off high

What QuantumCTek does

China's leading quantum-communication company, making quantum key distribution equipment for secure networks.

Sells quantum key distribution equipment and network-building services largely on project orders from government bodies and carriers, which makes revenue lumpy and dependent on public spending. The company was set up in 2009 by researchers from the University of Science and Technology of China and listed on Shanghai's STAR Market in 2020.

In one line: A Chinese pioneer in commercial quantum cryptography, no direct US-listed peer.

Products and services

QKD network equipment
Quantum-safe encryption products
Quantum computing-adjacent R&D

Customers

Government/state agencies
Financial institutions
Telecom operators

Where it sits in the supply chain

Information technology
Quantum communications
Quantum key distribution (QKD) systems

What could go right

Government/financial-sector adoption of quantum-safe security

What could go wrong

Small, early-stage commercial market
Government procurement dependence

Moat: narrow (IP / patents, scale). Deep ties to leading Chinese quantum research (USTC) give it a technology lead in a nascent field.

Headquarters: Hefei, China · Founded: 2009 · Employees: 521

Named competitors

ID Quantique private or unlisted
Toshiba private or unlisted

QuantumCTek at a glance

Size QuantumCTek (688027.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $4.60B, the 552nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥298.13 on 6 Nov 2026.

Performance Over six months the shares fell 47.9%, against -35.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.

Growth Revenue fell 18.8% over the last twelve months (peer median +6.4%); the operating margin is -33.2% (peer median 5.0%).

Valuation It trades at 4,259.0× forward earnings against a peer median of 23.0× (most expensive of 15).

Capital Return on invested capital runs 18.0 points below its cost of capital (13.1% WACC).

Relative performance

Six months, rebased to 100: QuantumCTek against the median of its 20 peers (local-currency closes).

QuantumCTek financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥279M	CN¥310M	CN¥253M	CN¥154M	CN¥133M
Revenue growth	—	+23%	+64%	+16%	—
Gross profit	CN¥150M	CN¥114M	CN¥99.0M	CN¥22.2M	CN¥3.20M
EBITDA	n/a	-CN¥27.9M	-CN¥23.0M	-CN¥108M	-CN¥95.0M
Net income	-CN¥15.2M	CN¥5.39M	-CN¥31.8M	-CN¥124M	-CN¥86.2M
Free cash flow	-CN¥43.9M	-CN¥102M	-CN¥44.6M	-CN¥28.3M	CN¥17.5M
Capital expenditure	CN¥96.2M	CN¥107M	CN¥86.1M	CN¥35.4M	CN¥67.4M
Total debt	CN¥5.50M	CN¥7.37M	CN¥7.85M	CN¥2.51M	CN¥52.8M

Quarterly statements and history in the cockpit →

QuantumCTek competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. QuantumCTek is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. QuantumCTek is the large dot.

QuantumCTek competitors and peer comparison

How QuantumCTek compares with its peers

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.

QuantumCTek against its 20 peers (data as of 6 Nov 2026)
Measure	688027.SS	Peer median	Rank in peer set
1-month return	-5.3%	-9.5%	10th highest of 21
6-month return	-47.9%	-35.0%	5th lowest of 20
Distance from 52-week high	-60.8%	-54.0%	9th lowest of 21
Revenue growth (TTM)	-18.8%	+6.4%	3rd lowest of 21
Operating margin	-33.2%	5.0%	3rd lowest of 21
Forward P/E	4,259.0×	23.0×	most expensive of 15
ROIC minus cost of capital	-18.0 pp	-3.3 pp	3rd lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
QuantumCTek 688027.SS	China	$4.60B	-48%	-19%	-33%	4,259.0×	n/a	n/a
Ohb OHB.DE	Germany	$4.45B	-61%	+18%	5%	60.7×	n/a	n/a
Jiang Su Etern 600105.SS	China	$4.82B	-48%	+49%	12%	24.4×	n/a	n/a
Fiberhome Telecommunication Technologies 600498.SS	China	$5.50B	-42%	+16%	1%	21.5×	12.8%	+3.4%
Huber + Suhner HUBN.SW	Switzerland	$3.49B	-44%	-4%	9%	30.9×	11.1%	+3.2%
Shenzhen Sunway Communication 300136.SZ	China	$6.14B	-54%	+2%	9%	47.1×	30.6%	+6.9%
Digital China 000034.SZ	China	$3.16B	-22%	+28%	1%	26.6×	n/a	n/a
Ondas ONDS	United States	$3.11B	-41%	+979%	-127%	n/a	n/a	n/a
Zhejiang Dahua Technology 002236.SZ	China	$7.04B	-21%	+7%	7%	12.3×	n/a	n/a
Yealink Network Technology 300628.SZ	China	$7.50B	+8%	+17%	46%	16.2×	4.3%	+17.0%
GN Store Nord A/S GN.CO	Denmark	$2.70B	+30%	-26%	3%	n/a	18.5%	+4.7%
Shanghai HuaCe Navigation Technology 300627.SZ	China	$2.44B	-35%	0%	13%	21.0×	18.6%	+21.3%
WNC 6285.TW	Taiwan	$2.41B	-29%	+30%	5%	10.8×	-0.5%	+12.0%
ViaSat VSAT	United States	$8.81B	-9%	+1%	2%	n/a	42.8%	+15.5%
Digi International DGII	United States	$2.40B	-4%	+20%	15%	20.6×	20.5%	+9.0%
Wuhan Changjin Photonics Technology 688635.SS	China	$2.39B	n/a	+28%	39%	n/a	n/a	n/a
Jushri Technologies 300762.SZ	China	$2.31B	-45%	-17%	-91%	n/a	n/a	n/a
Wingtech Technology 600745.SS	China	$2.26B	-59%	-93%	-30%	n/a	n/a	n/a
China Spacesat 600118.SS	China	$9.75B	-46%	+6%	1%	531.4×	n/a	n/a
Hytera Communications 002583.SZ	China	$2.17B	-20%	+4%	7%	19.4×	n/a	n/a
Shanghai Longcheer Technology 603341.SS	China	$2.12B	+2%	+1%	0%	29.8×	n/a	n/a

Questions

Who are QuantumCTek's main competitors?: Named competitors: ID Quantique (private or unlisted), Toshiba (private or unlisted). The cockpit's measured peer set (industry) also includes Ohb (OHB.DE), Jiang Su Etern (600105.SS), Fiberhome Telecommunication Technologies (600498.SS), Huber + Suhner (HUBN.SW), Shenzhen Sunway Communication (300136.SZ), Digital China (000034.SZ).
Is QuantumCTek expensive compared with its peers?: On forward p/e it trades at 4,259.0× against a peer median of 23.0×, most expensive of 15 in its peer set.
How has QuantumCTek stock performed?: Over six months to 6 Nov 2026 the shares returned -47.9% against -35.0% for the median peer; over one year -28.1%.