Loading…
Designs and makes laser diode chips (including VCSELs) for consumer, industrial and communication applications.
Designs and makes laser diode chips (including VCSELs) for consumer, industrial and communication applications.
In one line: A small Chinese laser-diode/VCSEL maker, in Lumentum/II-VI's laser-chip niche.
Moat: narrow (process know-how, IP / patents). In-house epitaxy and chip design for laser diodes; competes against larger global laser-chip makers.
Headquarters: Suzhou, China · Employees: 506
Size Suzhou Everbright Photonics (688048.SS) is a China Information Technology company (Semiconductors) with a market value of $3.48B, the 743rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥131.50 on 6 Nov 2026.
Performance Over six months the shares fell 62.6%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 88.3% over the last twelve months (peer median +18.1%); the operating margin is -1.4% (peer median 3.8%).
Valuation It trades at 626.2× forward earnings against a peer median of 39.5× (most expensive of 16).
Capital Return on invested capital runs 13.0 points below its cost of capital (14.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥771M | CN¥477M | CN¥273M | CN¥290M | CN¥386M |
| Revenue growth | — | +75% | -6% | -25% | — |
| Gross profit | CN¥253M | CN¥140M | CN¥37.2M | CN¥71.7M | CN¥193M |
| EBITDA | n/a | CN¥33.8M | -CN¥101M | -CN¥91.5M | CN¥36.5M |
| Net income | CN¥52.9M | CN¥21.8M | -CN¥99.7M | -CN¥91.9M | CN¥119M |
| Free cash flow | -CN¥57.3M | CN¥3.07M | -CN¥119M | -CN¥455M | -CN¥216M |
| Capital expenditure | CN¥110M | CN¥38.9M | CN¥78.6M | CN¥504M | CN¥197M |
| Total debt | CN¥109M | CN¥103M | CN¥73.5M | CN¥106M | CN¥96.9M |
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 |
|---|---|---|---|---|---|---|
| Suzhou Everbright Photonics 688048.SS | $3.48B | -63% | +88% | -1% | 626.2× | n/a |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Yuanjie Semiconductor Technology 688498.SS | $11.2B | -45% | +300% | 64% | 60.1× | 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 | 688048.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.3% | -20.3% | lowest of 21 |
| 6-month return | -62.6% | -25.1% | 2nd lowest of 20 |
| Distance from 52-week high | -74.2% | -54.3% | lowest of 21 |
| Revenue growth (TTM) | +88.3% | +18.1% | highest of 21 |
| Operating margin | -1.4% | 3.8% | 7th lowest of 20 |
| Forward P/E | 626.2× | 39.5× | most expensive of 16 |
| ROIC minus cost of capital | -13.0 pp | -7.6 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |
| Linktel Technologies 301205.SZ | China | $3.60B | -39% | +54% | 3% | 281.1× | n/a | n/a |
| Nordic Semiconductor NOD.OL | Norway | $3.62B | -12% | +15% | 8% | 54.6× | n/a | n/a |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| Soitec SOI.PA | France | $3.79B | -38% | -34% | -6% | 141.8× | 25.0% | +0.3% |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| Loongson Technology 688047.SS | China | $3.86B | -44% | +24% | -76% | n/a | n/a | n/a |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |
| Rorze 6323.T | Japan | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% | +20.4% |
| Trina Solar 688599.SS | China | $3.90B | -36% | -3% | -9% | n/a | -4.3% | +17.9% |
| Xintec 3374.TWO | Taiwan | $3.08B | +88% | +17% | 23% | 36.2× | n/a | n/a |
| Shanghai Awinic Technology 688798.SS | China | $3.04B | -9% | +2% | 1% | 39.5× | n/a | n/a |
| InnoScience (Suzhou) Technology 2577.HK | Hong Kong | $3.03B | -63% | +56% | -49% | n/a | n/a | n/a |