Loading…
Dongguan maker of high-end printed circuit boards for servers, communications equipment and cars; majority-owned by laminate maker Shengyi Technology.
Dongguan maker of high-end printed circuit boards for servers, communications equipment and cars; majority-owned by laminate maker Shengyi Technology.
Makes complex multilayer circuit boards to order for equipment makers, with servers, data-center switches and telecom gear as the core and cars as a smaller line, so output follows AI-server and network build-outs. Majority-owned by Shengyi Technology, a maker of laminate board materials, it was spun off and listed separately in 2021.
Moat: narrow (customer qualification, process know-how). High-layer-count, high-speed boards need long customer qualification; PCB remains a cyclical, capital-heavy business.
Headquarters: Dongguan, China · Founded: 1985 · Employees: 7,647
Size Shengyi Electronics (688183.SS) is a China Information Technology company (Electronic Components) with a market value of $7.95B, the 312th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥61.61 on 6 Nov 2026.
Performance Over six months the shares fell 43.8%, against -14.5% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 46.5% over the last twelve months (peer median +23.2%); the operating margin is 21.4% (peer median 11.2%).
Valuation It trades at 19.4× forward earnings against a peer median of 27.4× (9th cheapest of 19).
Capital Return on invested capital runs 8.3 points above its cost of capital (13.5% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.2B | CN¥9.47B | CN¥4.67B | CN¥3.27B | CN¥3.53B |
| Revenue growth | — | +103% | +43% | -7% | — |
| Gross profit | CN¥4.43B | CN¥2.87B | CN¥985M | CN¥420M | CN¥790M |
| EBITDA | n/a | CN¥2.09B | CN¥698M | CN¥239M | CN¥567M |
| Net income | CN¥2.27B | CN¥1.47B | CN¥332M | -CN¥25.0M | CN¥313M |
| Free cash flow | -CN¥378M | -CN¥18.7M | -CN¥73.9M | -CN¥187M | CN¥53.3M |
| Capital expenditure | CN¥2.55B | CN¥1.64B | CN¥425M | CN¥619M | CN¥687M |
| Total debt | CN¥3.09B | CN¥2.36B | CN¥1.56B | CN¥1.14B | CN¥1.48B |
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 |
|---|---|---|---|---|---|---|
| Shengyi Electronics 688183.SS | $7.95B | -44% | +46% | 21% | 19.4× | n/a |
| Wus Printed Circuit (Kunshan) 002463.SZ | $21.2B | -29% | +61% | 28% | 18.2× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 22.6× | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | $18.3B | -62% | +38% | 26% | 17.2× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
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 | 688183.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.5% | -33.1% | 5th lowest of 21 |
| 6-month return | -43.8% | -14.5% | 2nd lowest of 20 |
| Distance from 52-week high | -60.0% | -48.8% | 5th lowest of 21 |
| Revenue growth (TTM) | +46.5% | +23.2% | 4th highest of 21 |
| Operating margin | 21.4% | 11.2% | 4th highest of 21 |
| Forward P/E | 19.4× | 27.4× | 9th cheapest of 19 |
| ROIC minus cost of capital | +8.3 pp | -1.5 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shengyi Electronics 688183.SS | China | $7.95B | -44% | +46% | 21% | 19.4× | n/a | n/a |
| Shenzhen Kinwong Electronic 3228.HK | Hong Kong | $7.87B | n/a | +40% | 12% | 15.8× | n/a | n/a |
| Taiwan Union Technology 6274.TWO | Taiwan | $8.21B | -26% | +87% | 23% | 13.9× | n/a | n/a |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |
| TTM Technologies TTMI | United States | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% | +6.7% |
| VICR VICR | United States | $6.78B | -43% | +41% | 25% | 25.9× | 46.0% | +6.6% |
| Orbbec 688322.SS | China | $6.73B | +37% | +1% | 0% | 202.4× | n/a | n/a |
| Jiangxi Redboard Technology 603459.SS | China | $6.70B | -4% | +36% | 17% | n/a | 53.4% | +36.1% |
| Tripod Technology 3044.TW | Taiwan | $6.57B | -15% | +21% | 19% | 10.7× | n/a | n/a |
| Shenzhen Fastprint Circuit Tech 002436.SZ | China | $6.54B | -7% | +26% | 6% | 57.3× | n/a | n/a |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Kinsus Interconnect Technology 3189.TW | Taiwan | $10.7B | +27% | +34% | 14% | 29.4× | 41.2% | +7.7% |
| Accelink Technologies 002281.SZ | China | $10.8B | -37% | +32% | 11% | 42.6× | n/a | n/a |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |