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Chinese technology company; specific product lines are unclear from available knowledge.
Chinese technology company; specific product lines are unclear from available knowledge.
Moat: none
Headquarters: China · Employees: 894
Size Zhiyang Innovation Technology (688191.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $753M, the 2900th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.30 on 6 Nov 2026.
Performance Over six months the shares fell 53.2%, against -28.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 2.2% over the last twelve months (peer median +3.2%); the operating margin is -7.7% (peer median -5.8%).
Valuation It trades at 57.9× forward earnings against a peer median of 40.6× (3rd most expensive of 9).
Capital Return on invested capital runs 12.5 points below its cost of capital (8.1% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.02B | CN¥1.17B | CN¥964M | CN¥792M | CN¥668M |
| Revenue growth | — | +22% | +22% | +19% | — |
| Gross profit | CN¥237M | CN¥318M | CN¥289M | CN¥258M | CN¥199M |
| EBITDA | n/a | CN¥69.4M | CN¥58.1M | CN¥48.3M | CN¥14.7M |
| Net income | -CN¥52.6M | CN¥62.3M | CN¥51.3M | CN¥41.5M | CN¥28.0M |
| Free cash flow | -CN¥56.2M | -CN¥17.2M | CN¥50.0M | CN¥73.6M | CN¥15.1M |
| Capital expenditure | CN¥62.1M | CN¥39.1M | CN¥30.3M | CN¥41.6M | CN¥16.1M |
| Total debt | CN¥593M | CN¥197M | CN¥119M | CN¥142M | CN¥73.8M |
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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 | 688191.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.9% | -13.6% | 8th lowest of 21 |
| 6-month return | -53.2% | -28.0% | 2nd lowest of 21 |
| Distance from 52-week high | -64.3% | -51.3% | 3rd lowest of 21 |
| Revenue growth (TTM) | -2.2% | +3.2% | 8th lowest of 21 |
| Operating margin | -7.7% | -5.8% | 10th lowest of 21 |
| Forward P/E | 57.9× | 40.6× | 3rd most expensive of 9 |
| ROIC minus cost of capital | -12.5 pp | -10.2 pp | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhiyang Innovation Technology 688191.SS | China | $753M | -53% | -2% | -8% | 57.9× | n/a | n/a |
| Skyworth 0751.HK | Hong Kong | $749M | -51% | +5% | 2% | 6.2× | n/a | n/a |
| Shenzhen Coship Electronics 002052.SZ | China | $757M | -34% | -75% | -5% | n/a | n/a | n/a |
| ShenZhen Consys Science & Technology 688788.SS | China | $746M | -41% | -22% | -173% | n/a | n/a | n/a |
| Suzhou Keda Technology 603660.SS | China | $713M | -31% | -32% | -59% | n/a | n/a | n/a |
| Beijing UniStrong Science & Technology 002383.SZ | China | $712M | -30% | -1% | -15% | n/a | n/a | n/a |
| TPK 3673.TW | Taiwan | $701M | -9% | +1% | 0% | 12.5× | -14.1% | -11.3% |
| H&R Century Union 000892.SZ | China | $699M | -4% | +21% | -52% | n/a | n/a | n/a |
| Creotech Instruments CRI.WA | Poland | $697M | +15% | +96% | 11% | 85.5× | n/a | n/a |
| Suzhou Shijia Science & Technology 002796.SZ | China | $696M | -67% | -4% | -7% | n/a | 38.8% | -10.4% |
| Sichuan Tianyi Comheart Telecom 300504.SZ | China | $685M | -1% | +17% | 3% | n/a | n/a | n/a |
| Frequency Electronics FEIM | United States | $679M | +3% | +6% | 8% | 51.7× | n/a | n/a |
| Anhui Tatfook Technology 300134.SZ | China | $852M | -32% | +14% | -14% | n/a | n/a | n/a |
| Shenzhen Phoenix Telecom Technology 301191.SZ | China | $854M | -42% | +30% | 0% | 47.2× | n/a | n/a |
| Astroscale 186A.T | Japan | $865M | -25% | +70% | -275% | n/a | n/a | n/a |
| GHT 300711.SZ | China | $650M | -26% | +29% | 14% | n/a | n/a | n/a |
| HTC 2498.TW | Taiwan | $885M | -15% | -8% | -78% | n/a | n/a | n/a |
| Filtronic FTC.L | United Kingdom | $639M | -41% | -1% | 7% | 72.5× | 59.4% | +29.0% |
| Guangzhou Hi-Target Navigation Tech 300177.SZ | China | $635M | -30% | -25% | -32% | n/a | 25.8% | -10.6% |
| Beijing Jiaxun Feihong Electrical 300213.SZ | China | $634M | -15% | -9% | -17% | 33.9× | 20.0% | -2.1% |
| Arcadyan Technology 3596.TW | Taiwan | $900M | -17% | +6% | 6% | 9.8× | n/a | n/a |