Fabless Chinese chip designer making SoCs for Bluetooth speakers, earbuds and other portable audio devices.
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.
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
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.14B | CN¥917M | CN¥650M | CN¥519M | CN¥414M |
| Revenue growth | — | +41% | +25% | +25% | — |
| Gross profit | CN¥552M | CN¥434M | CN¥281M | CN¥197M | CN¥139M |
| EBITDA | n/a | CN¥193M | CN¥63.6M | CN¥34.7M | CN¥16.0M |
| Net income | CN¥235M | CN¥205M | CN¥107M | CN¥65.1M | CN¥53.8M |
| Free cash flow | -CN¥2.50M | CN¥221M | CN¥102M | CN¥130M | -CN¥179M |
| Capital expenditure | CN¥68.6M | CN¥41.0M | CN¥60.6M | CN¥27.2M | CN¥54.0M |
| Total debt | CN¥215M | CN¥141M | CN¥133M | CN¥55.1M | CN¥7.53M |
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 |
|---|---|---|---|---|---|---|
| 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% |
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 | 688049.SS | Peer median | Rank 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 margin | 17.4% | 7.3% | 5th highest of 21 |
| Forward P/E | 30.3× | 24.5× | 5th most expensive of 15 |
| ROIC minus cost of capital | +10.4 pp | +2.3 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Actions Technology 688049.SS | China | $1.25B | -1% | +26% | 17% | 30.3× | n/a | n/a |
| Guangdong TCL Smart Home Appliances 002668.SZ | China | $1.37B | -12% | +4% | 12% | 8.4× | -18.7% | +17.4% |
| Guangdong Xinbao Electrical Appliances 002705.SZ | China | $1.38B | -25% | -4% | 4% | 24.3× | -2.7% | +4.2% |
| Tamron 7740.T | Japan | $1.39B | +22% | +2% | 17% | 15.3× | 5.9% | +12.0% |
| Gettop Acoustic 002655.SZ | China | $1.39B | -19% | +11% | 2% | n/a | n/a | n/a |
| OneRobotics (Shenzhen) 6600.HK | Hong Kong | $1.41B | -55% | +48% | -9% | n/a | n/a | n/a |
| Whirlpool Of India WHIRLPOOL.NS | India | $1.11B | -16% | +6% | 2% | 29.3× | 47.2% | +6.4% |
| Shenzhen Newway Photomask Making 688401.SS | China | $1.45B | -27% | +18% | 26% | 17.9× | 23.6% | +23.7% |
| Hangzhou Heatwell Electric Heating Technology 603075.SS | China | $1.05B | -26% | +11% | 15% | n/a | 9.0% | +7.9% |
| Ningbo Fujia Industrial 603219.SS | China | $1.03B | -26% | +3% | 4% | 55.6× | n/a | n/a |
| XGimi Technology 688696.SS | China | $1.01B | +7% | +4% | 2% | 27.9× | n/a | n/a |
| Hefei I-TEK OptoElectronics 688610.SS | China | $1.01B | +18% | +72% | 14% | 45.9× | n/a | n/a |
| Sichuan Jiuzhou Electric 000801.SZ | China | $1.58B | -19% | +20% | 3% | 45.1× | n/a | n/a |
| Edifier Technology 002351.SZ | China | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% | +7.6% |
| Woori Technology 032820.KS | South Korea | $984M | -64% | -2% | -12% | n/a | n/a | n/a |
| Ningbo Hicon Industry Technology 001237.SZ | China | $969M | n/a | -10% | 14% | n/a | 9.9% | -10.3% |
| Whirlpool China 600983.SS | China | $936M | -13% | -2% | 11% | 14.0× | -7.2% | -1.9% |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Harvia HARVIA.HE | Finland | $858M | +7% | +12% | 19% | 24.7× | 14.0% | +12.8% |
| Sonos SONO | United States | $1.94B | +9% | +6% | 6% | 149.2× | 17.3% | +1.7% |
| Guangdong Hongjing Optoelectronic Technology 301479.SZ | China | $810M | -46% | +19% | 8% | n/a | n/a | n/a |