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Chinese maker of smart electricity meters and grid data-acquisition/monitoring equipment for power utilities.
Chinese maker of smart electricity meters and grid data-acquisition/monitoring equipment for power utilities.
Wins meters mainly through tenders run by the two big grid operators, so sales come in batches tied to their purchase rounds and soften in years when rounds are light. It also sells data-collection terminals and software that work with the meters.
Moat: narrow (customer qualification, installed base). Metering equipment must be qualified with grid utilities, with long-standing installed relationships.
Headquarters: Nanjing, Jiangsu, China · Employees: 834
Size Willfar Information Technology (688100.SS) is a China Information Technology company (Computer Processing Hardware) with a market value of $1.98B, the 1277th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥26.85 on 6 Nov 2026.
Performance Over six months the shares fell 28.1%, against -19.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue fell 8.8% over the last twelve months (peer median +14.4%); the operating margin is 19.6% (peer median 4.5%).
Valuation It trades at 22.4× forward earnings against a peer median of 16.4× (5th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.1 points above its cost of capital (8.4% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.66B | CN¥2.96B | CN¥2.73B | CN¥2.21B | CN¥1.99B |
| Revenue growth | — | +8% | +23% | +11% | — |
| Gross profit | CN¥1.04B | CN¥1.16B | CN¥1.06B | CN¥881M | CN¥716M |
| EBITDA | n/a | CN¥742M | CN¥667M | CN¥556M | CN¥431M |
| Net income | CN¥526M | CN¥666M | CN¥631M | CN¥525M | CN¥400M |
| Free cash flow | CN¥97.3M | CN¥299M | CN¥399M | CN¥408M | CN¥233M |
| Capital expenditure | CN¥92.5M | CN¥225M | CN¥89.8M | CN¥21.5M | CN¥38.2M |
| Total debt | CN¥452M | CN¥663M | CN¥477M | CN¥453M | CN¥272M |
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 |
|---|---|---|---|---|---|---|
| Willfar Information Technology 688100.SS | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% |
| Dongfang Electronics 000682.SZ | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% |
| Wasion 3393.HK | $1.43B | -59% | +22% | 16% | 8.0× | -11.3% |
| Ningbo Sanxing Medical Electric 601567.SS | $2.66B | -37% | -11% | 3% | 15.8× | 4.8% |
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 | 688100.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.7% | -7.7% | 3rd highest of 21 |
| 6-month return | -28.1% | -19.6% | 2nd lowest of 19 |
| Distance from 52-week high | -45.1% | -37.2% | 8th lowest of 21 |
| Revenue growth (TTM) | -8.8% | +14.4% | 3rd lowest of 18 |
| Operating margin | 19.6% | 4.5% | highest of 21 |
| Forward P/E | 22.4× | 16.4× | 5th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 17.0% | 4.6% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +15.5% | +6.1% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | +1.5 pp | -1.8 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | +5.1 pp | -0.1 pp | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| Acer 2353.TW | Taiwan | $2.63B | +4% | +15% | 2% | 16.4× | n/a | n/a |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| MiTAC 3706.TW | Taiwan | $2.98B | -16% | +44% | 4% | 8.8× | n/a | n/a |
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| Venture V03.SI | Singapore | $3.22B | -21% | +1% | 10% | 16.4× | -1.3% | -3.4% |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| NCR Atleos NATL | United States | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% | +1.8% |
| RGTI RGTI | United States | $3.92B | -38% | +68% | -728% | n/a | n/a | n/a |
| QBTS QBTS | United States | $4.05B | -25% | -44% | -1,373% | n/a | n/a | n/a |