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Makes optical amplifiers, transceiver modules and transmission subsystems used in telecom backbone networks and data-center interconnects.
Makes optical amplifiers, transceiver modules and transmission subsystems used in telecom backbone networks and data-center interconnects.
Sells optical amplifiers, which boost light signals over long fibre runs, transceiver modules that convert electrical signals into light, and subsystems that combine them. It has depended on telecom equipment makers and is shifting toward data-center customers, with new capacity in Wuxi and a Thailand plant.
Moat: narrow (customer qualification, process know-how). Qualified supplier to telecom equipment makers with in-house amplifier and module design.
Headquarters: Wuxi, China · Employees: 813
Size Wuxi Taclink Optoelectronics Technology (688205.SS) is a China Information Technology company (Semiconductors) with a market value of $2.20B, the 1158th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥92.17 on 6 Nov 2026.
Performance Over six months the shares fell 61.8%, against -31.5% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +16.2%); the operating margin is 3.2% (peer median 6.1%).
Valuation It trades at 180.7× forward earnings against a peer median of 28.7× (most expensive of 16).
Capital Return on invested capital runs 12.4 points below its cost of capital (14.7% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.07B | CN¥933M | CN¥838M | CN¥816M | CN¥719M |
| Revenue growth | — | +11% | +3% | +13% | — |
| Gross profit | CN¥304M | CN¥243M | CN¥245M | CN¥205M | CN¥223M |
| EBITDA | n/a | CN¥77.4M | CN¥110M | CN¥83.1M | CN¥113M |
| Net income | CN¥98.0M | CN¥71.6M | CN¥100M | CN¥92.1M | CN¥102M |
| Free cash flow | -CN¥787M | -CN¥125M | CN¥85.1M | -CN¥31.0M | CN¥102M |
| Capital expenditure | CN¥442M | CN¥197M | CN¥152M | CN¥81.1M | CN¥32.4M |
| Total debt | CN¥171M | CN¥134M | CN¥97.9M | CN¥103M | CN¥111M |
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 |
|---|---|---|---|---|---|---|
| Wuxi Taclink Optoelectronics Technology 688205.SS | $2.20B | -62% | +20% | 3% | 180.7× | n/a |
| Accelink Technologies 002281.SZ | $10.8B | -37% | +32% | 11% | 42.6× | n/a |
| Zhongji Innolight 300308.SZ | $79.4B | -48% | +162% | 41% | 15.4× | 23.2% |
| Eoptolink Technology 300502.SZ | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
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 | 688205.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -49.8% | -18.4% | 2nd lowest of 21 |
| 6-month return | -61.8% | -31.5% | lowest of 21 |
| Distance from 52-week high | -70.3% | -54.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +20.4% | +16.2% | 10th highest of 21 |
| Operating margin | 3.2% | 6.1% | 9th lowest of 21 |
| Forward P/E | 180.7× | 28.7× | most expensive of 16 |
| ROIC minus cost of capital | -12.4 pp | -6.1 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 180.7× | n/a | n/a |
| nLIGHT LASR | United States | $2.19B | +72% | +43% | -5% | 61.8× | 39.2% | +3.2% |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 144.5× | n/a | n/a |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | n/a | n/a | n/a |
| Guangdong Tianyu Semiconductor 2658.HK | Hong Kong | $2.17B | -3% | +52% | -30% | 59.4× | n/a | n/a |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| Union Semiconductor (Hefei) 688403.SS | China | $2.15B | -14% | +13% | 3% | 56.1× | n/a | n/a |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| Shanghai Belling Corp.,Ltd 600171.SS | China | $2.14B | -30% | +11% | 4% | n/a | 39.4% | +19.1% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% | +20.2% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 14.1× | n/a | n/a |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | n/a | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 28.7× | 28.3% | +6.2% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |
| Ferrotec 6890.T | Japan | $2.08B | -19% | +43% | 12% | 8.3× | n/a | n/a |
| Shanghai Fullhan Microelectronics 300613.SZ | China | $2.35B | +14% | +91% | 26% | 43.1× | n/a | n/a |
| MLS 002745.SZ | China | $2.36B | +11% | +19% | -4% | 24.0× | 2.4% | +0.1% |