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← CockpitCompetitor Analysis › 688049.SS Actions Technology Co., Ltd. Class AOpen in the cockpit ↗

Actions Technology Co., Ltd. Class A688049.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Electronics/Appliances

Fabless Chinese chip designer making SoCs for Bluetooth speakers, earbuds and other portable audio devices.

≈ A smaller, audio-focused Qualcomm/Realtek for Bluetooth chipsMomentum leader 94
Mkt cap
$1.25B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$62.7M
20-day average traded
Fwd P/E
30.3×
forward earnings
ROIC−WACC
+10.4 pp
WACC 9.7%
Hurdle
n/a
no reverse DCF
Next earnings
171 days
26 Apr 2027
Close · CNYCN¥47.52
1D-1.4%
1W+20.3%
1M+11.9%
3M+19.4%
6M-1.1%
YTD-9.7%
1Y-17.2%
ATR %6.8%
52w lowhigh21.8% off high

What Actions Technology does

Fabless Chinese chip designer making SoCs for Bluetooth speakers, earbuds and other portable audio devices.

In one line: A smaller, audio-focused Qualcomm/Realtek for Bluetooth chips.

Products and services

  • Bluetooth audio SoCs
  • Portable media player chips

Customers

  • Chinese Bluetooth speaker/earbud brands

Where it sits in the supply chain

  • Semiconductors
  • Fabless IC design
  • Audio/Bluetooth SoCs

What could go right

  • TWS earbud and smart-speaker growth

What could go wrong

  • Intense pricing competition in commodity audio chips

Moat: narrow (IP / patents, process know-how). Long history of audio SoC IP and design wins in China's Bluetooth speaker/earbud supply chain.

Headquarters: Zhuhai, China · Employees: 396

Named competitors

Actions Technology at a glance

Size Actions Technology (688049.SS) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $1.25B, the 1904th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥47.52 on 6 Nov 2026.

Performance Over six months the shares fell 1.1%, against -15.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 26.0% over the last twelve months (peer median +5.8%); the operating margin is 17.4% (peer median 7.3%).

Valuation It trades at 30.3× forward earnings against a peer median of 24.5× (5th most expensive of 15).

Capital Return on invested capital runs 10.4 points above its cost of capital (9.7% WACC).

Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026688049.SS 98Peer median 86
Six months, rebased to 100: Actions Technology against the median of its 20 peers (local-currency closes).

Actions Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥1.14BCN¥917MCN¥650MCN¥519MCN¥414M
Revenue growth—+41%+25%+25%—
Gross profitCN¥552MCN¥434MCN¥281MCN¥197MCN¥139M
EBITDAn/aCN¥193MCN¥63.6MCN¥34.7MCN¥16.0M
Net incomeCN¥235MCN¥205MCN¥107MCN¥65.1MCN¥53.8M
Free cash flow-CN¥2.50MCN¥221MCN¥102MCN¥130M-CN¥179M
Capital expenditureCN¥68.6MCN¥41.0MCN¥60.6MCN¥27.2MCN¥54.0M
Total debtCN¥215MCN¥141MCN¥133MCN¥55.1MCN¥7.53M

Quarterly statements and history in the cockpit →

Actions Technology 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

-60%-40%-20%0%+20%-40%-20%0%+20%00266800270577400026556600WHIRLPOOL6884016030756032196886966886100023510328206009832371HARVIASONO301479688049.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Actions Technology is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%0×50×100×150×0026680027057740WHIRLPOOL6884016032196886100008016009832371SONO688049.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Actions Technology is the large dot.

Actions Technology competitors and peer comparison

Head to head with its named competitors (688049.SS vs QCOM vs 2379.TW)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Actions Technology 688049.SS$1.25B-1%+26%17%30.3×n/a
Qualcomm QCOM$177B-24%+2%24%17.0×15.9%
Realtek Semiconductor 2379.TW$11.0B+33%+12%11%19.9×8.4%

How Actions Technology 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.

Actions Technology against its 20 peers (data as of 6 Nov 2026)
Measure688049.SSPeer medianRank in peer set
1-month return+11.9%-6.4%3rd highest of 21
6-month return-1.1%-15.5%7th highest of 20
Distance from 52-week high-21.8%-41.6%6th highest of 21
Revenue growth (TTM)+26.0%+5.8%3rd highest of 21
Operating margin17.4%7.3%5th highest of 21
Forward P/E30.3×24.5×5th most expensive of 15
ROIC minus cost of capital+10.4 pp+2.3 pp6th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Actions Technology 688049.SSChina$1.25B-1%+26%17%30.3×n/an/a
Guangdong TCL Smart Home Appliances 002668.SZChina$1.37B-12%+4%12%8.4×-18.7%+17.4%
Guangdong Xinbao Electrical Appliances 002705.SZChina$1.38B-25%-4%4%24.3×-2.7%+4.2%
Tamron 7740.TJapan$1.39B+22%+2%17%15.3×5.9%+12.0%
Gettop Acoustic 002655.SZChina$1.39B-19%+11%2%n/an/an/a
OneRobotics (Shenzhen) 6600.HKHong Kong$1.41B-55%+48%-9%n/an/an/a
Whirlpool Of India WHIRLPOOL.NSIndia$1.11B-16%+6%2%29.3×47.2%+6.4%
Shenzhen Newway Photomask Making 688401.SSChina$1.45B-27%+18%26%17.9×23.6%+23.7%
Hangzhou Heatwell Electric Heating Technology 603075.SSChina$1.05B-26%+11%15%n/a9.0%+7.9%
Ningbo Fujia Industrial 603219.SSChina$1.03B-26%+3%4%55.6×n/an/a
XGimi Technology 688696.SSChina$1.01B+7%+4%2%27.9×n/an/a
Hefei I-TEK OptoElectronics 688610.SSChina$1.01B+18%+72%14%45.9×n/an/a
Sichuan Jiuzhou Electric 000801.SZChina$1.58B-19%+20%3%45.1×n/an/a
Edifier Technology 002351.SZChina$1.60B+8%-1%18%22.3×3.0%+7.6%
Woori Technology 032820.KSSouth Korea$984M-64%-2%-12%n/an/an/a
Ningbo Hicon Industry Technology 001237.SZChina$969Mn/a-10%14%n/a9.9%-10.3%
Whirlpool China 600983.SSChina$936M-13%-2%11%14.0×-7.2%-1.9%
Tatung 2371.TWTaiwan$1.70B-15%+8%4%10.0×n/an/a
Harvia HARVIA.HEFinland$858M+7%+12%19%24.7×14.0%+12.8%
Sonos SONOUnited States$1.94B+9%+6%6%149.2×17.3%+1.7%
Guangdong Hongjing Optoelectronic Technology 301479.SZChina$810M-46%+19%8%n/an/an/a

Questions

Who are Actions Technology's main competitors?
Named competitors: Qualcomm (QCOM), Realtek (2379.TW). The cockpit's measured peer set (industry) also includes Guangdong TCL Smart Home Appliances (002668.SZ), Guangdong Xinbao Electrical Appliances (002705.SZ), Tamron (7740.T), Gettop Acoustic (002655.SZ), OneRobotics (Shenzhen) (6600.HK), Whirlpool Of India (WHIRLPOOL.NS).
Is Actions Technology expensive compared with its peers?
On forward p/e it trades at 30.3× against a peer median of 24.5×, 5th most expensive of 15 in its peer set.
How has Actions Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -1.1% against -15.5% for the median peer; over one year -17.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.