Employees: 1,667
Size Jiaxing ZMAX Optech (688307.SS) is a China Information Technology company (Electronic Components) with a market value of $584M, the 3490th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥31.12 on 6 Nov 2026.
Performance Over six months the shares fell 51.0%, against -18.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 59.0% over the last twelve months (peer median +17.7%); the operating margin is 6.8% (peer median 3.2%).
Valuation It trades at 25.7× forward earnings against a peer median of 27.9× (5th cheapest of 14).
Capital Return on invested capital runs 5.5 points below its cost of capital (8.9% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥813M | CN¥654M | CN¥453M | CN¥377M | CN¥401M |
| Revenue growth | — | +44% | +20% | -6% | — |
| Gross profit | CN¥242M | CN¥195M | CN¥141M | CN¥114M | CN¥120M |
| EBITDA | CN¥112M | CN¥86.6M | CN¥65.1M | CN¥45.2M | CN¥57.2M |
| Net income | CN¥74.3M | CN¥63.0M | CN¥53.4M | CN¥36.3M | CN¥41.1M |
| Free cash flow | -CN¥148M | -CN¥92.4M | CN¥51.2M | CN¥54.7M | -CN¥17.4M |
| Capital expenditure | CN¥225M | CN¥160M | CN¥56.4M | CN¥50.8M | CN¥53.1M |
| Total debt | CN¥322M | CN¥307M | CN¥74.2M | CN¥75.2M | CN¥94.1M |
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| Measure | 688307.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.0% | -11.3% | 8th lowest of 21 |
| 6-month return | -51.0% | -18.8% | 3rd lowest of 21 |
| Distance from 52-week high | -69.0% | -43.7% | 4th lowest of 21 |
| Revenue growth (TTM) | +59.0% | +17.7% | 2nd highest of 21 |
| Operating margin | 6.8% | 3.2% | 8th highest of 21 |
| Forward P/E | 25.7× | 27.9× | 5th cheapest of 14 |
| ROIC minus cost of capital | -5.5 pp | -4.8 pp | 10th lowest of 21 |
| EV / EBITDA | 36.3× | 25.2× | 4th most expensive of 13 |
| Net debt / EBITDA | 0.4× | 0.1× | 6th most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiaxing ZMAX Optech 688307.SS | China | $584M | -51% | +59% | 7% | 25.7× | n/a | n/a |
| Firan Technology FTG.TO | Canada | $585M | +55% | +17% | 12% | 27.9× | 24.6% | +13.0% |
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 25.1× | 34.7% | -5.1% |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | n/a | n/a | n/a |
| Chin-Poon Industrial 2355.TW | Taiwan | $568M | -9% | +1% | 4% | 23.3× | 7.2% | +0.6% |
| Foshan Nationstar Optoelectronics 002449.SZ | China | $557M | -24% | -17% | -6% | n/a | n/a | n/a |
| Shaanxi Huada Science Technology 301517.SZ | China | $554M | -54% | -9% | -26% | n/a | n/a | n/a |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 50.9× | n/a | n/a |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 52.0× | n/a | n/a |
| WUS Printed Circuit 2316.TW | Taiwan | $549M | -15% | +24% | -11% | n/a | n/a | n/a |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Taiwan Chinsan Electronic Industrial 8042.TWO | Taiwan | $541M | +82% | +22% | 7% | 32.7× | n/a | n/a |
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Visco Vision 6782.TW | Taiwan | $523M | +23% | +23% | 29% | 13.1× | n/a | n/a |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |