Employees: 528
Size Suzhou Shihua New Material Technology (688093.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $772M, the 2850th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.37 on 6 Nov 2026.
Performance Over six months the shares fell 43.5%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 26.2% over the last twelve months (peer median +12.5%); the operating margin is 32.0% (peer median 5.5%).
Valuation It trades at 9.5× forward earnings against a peer median of 13.2× (5th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points above its cost of capital (7.6% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥792M | CN¥1.08B | CN¥790M | CN¥507M | CN¥458M |
| Revenue growth | — | +37% | +56% | +11% | — |
| Gross profit | CN¥459M | CN¥609M | CN¥431M | CN¥292M | CN¥268M |
| EBITDA | n/a | CN¥502M | CN¥329M | CN¥224M | CN¥204M |
| Net income | CN¥236M | CN¥399M | CN¥280M | CN¥193M | CN¥185M |
| Free cash flow | CN¥112M | CN¥94.4M | CN¥46.7M | -CN¥101M | CN¥6.80M |
| Capital expenditure | CN¥424M | CN¥369M | CN¥210M | CN¥291M | CN¥174M |
| Total debt | CN¥102M | CN¥0 | CN¥573,540 | CN¥64.9M | CN¥991,279 |
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| Measure | 688093.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.3% | -18.8% | 8th highest of 21 |
| 6-month return | -43.5% | -32.0% | 5th lowest of 20 |
| Distance from 52-week high | -58.9% | -49.4% | 7th lowest of 21 |
| Revenue growth (TTM) | -26.2% | +12.5% | 3rd lowest of 21 |
| Operating margin | 32.0% | 5.5% | 2nd highest of 21 |
| Forward P/E | 9.5× | 13.2× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 7.0% | 6.9% | 6th most demanding of 12 |
| Growth delivered (Del g) | +27.0% | +6.0% | highest of 12 |
| Hurdle (Req g minus delivered) | -20.0 pp | +0.8 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +3.0 pp | -1.4 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Shihua New Material Technology 688093.SS | China | $772M | -43% | -26% | 32% | 9.5× | 7.0% | +27.0% |
| Japan Display 6740.T | Japan | $773M | -74% | -25% | -9% | n/a | n/a | n/a |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 8.7× | 2.8% | +3.7% |
| Foxsemicon Integrated Technology 3413.TW | Taiwan | $778M | -29% | +16% | 13% | 8.6× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | n/a | n/a | n/a |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 39.4× | n/a | n/a |
| Ceres Power CWR.L | United Kingdom | $758M | -63% | -23% | -125% | n/a | n/a | n/a |
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 9.5× | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | n/a | 17.5% | +9.6% |
| Beken 603068.SS | China | $810M | 0% | +35% | 1% | n/a | n/a | n/a |
| LianChuang Electronic Technology 002036.SZ | China | $818M | -42% | -32% | -25% | n/a | n/a | n/a |
| Suzhou Wanxiang Technology 301180.SZ | China | $724M | -32% | +8% | 2% | n/a | 25.2% | +4.4% |
| Thinking Electronic Industrial 2428.TW | Taiwan | $721M | 0% | +11% | 23% | 11.2× | 0.8% | +6.3% |
| Shenzhen S-king Intelligent Equipment 688328.SS | China | $718M | -7% | +31% | 11% | n/a | 29.2% | +0.7% |
| AcBel Polytech 6282.TW | Taiwan | $838M | -35% | +14% | 3% | 22.5× | 15.7% | +8.6% |
| Guoguang Electric Co., Ltd.Chengdu 688776.SS | China | $709M | -46% | -38% | -89% | 30.3× | n/a | n/a |
| JVCKENWOOD 6632.T | Japan | $694M | -34% | +2% | 7% | 7.0× | -17.0% | +5.5% |
| Evertz Technologies ET.TO | Canada | $689M | -21% | +4% | 13% | 15.1× | 5.0% | +8.5% |
| Shenzhen Yanmade Technology 688312.SS | China | $682M | -56% | +1% | 17% | 25.1× | 26.6% | +12.0% |
| Scanfil SCANFL.HE | Finland | $877M | -7% | +19% | 6% | 16.2× | 6.9% | +6.0% |
| Chicony Power Technology 6412.TW | Taiwan | $680M | -38% | +62% | -128% | 9.9× | -5.2% | -0.2% |