Employees: 412
Size Chengdu M&S Electronics Technology (688311.SS) is a China Information Technology company (Telecommunications Equipment) with a market value of $618M, the 3349th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥23.55 on 6 Nov 2026.
Performance Over six months the shares fell 31.5%, against -26.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 65.6% over the last twelve months (peer median +12.6%); the operating margin is -21.9% (peer median -0.2%).
Valuation It trades at 52.3× forward earnings against a peer median of 34.8× (3rd most expensive of 11).
Capital Return on invested capital runs 10.6 points below its cost of capital (8.2% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥490M | CN¥524M | CN¥130M | CN¥318M | CN¥473M |
| Revenue growth | — | +304% | -59% | -33% | — |
| Gross profit | CN¥163M | CN¥123M | -CN¥22.9M | CN¥109M | CN¥192M |
| EBITDA | n/a | CN¥18.4M | -CN¥148M | -CN¥15.9M | CN¥46.0M |
| Net income | -CN¥47.6M | -CN¥16.4M | -CN¥272M | -CN¥56.3M | CN¥26.2M |
| Free cash flow | -CN¥114M | CN¥192M | -CN¥349M | -CN¥222M | -CN¥268M |
| Capital expenditure | CN¥27.5M | CN¥16.3M | CN¥49.4M | CN¥137M | CN¥310M |
| Total debt | CN¥168M | CN¥266M | CN¥292M | CN¥523M | CN¥368M |
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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 | 688311.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | -11.6% | 5th highest of 21 |
| 6-month return | -31.5% | -26.6% | 6th lowest of 21 |
| Distance from 52-week high | -61.1% | -50.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +65.6% | +12.6% | 2nd highest of 21 |
| Operating margin | -21.9% | -0.2% | 4th lowest of 21 |
| Forward P/E | 52.3× | 34.8× | 3rd most expensive of 11 |
| ROIC minus cost of capital | -10.6 pp | -5.7 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chengdu M&S Electronics Technology 688311.SS | China | $618M | -32% | +66% | -22% | 52.3× | n/a | n/a |
| Queclink Wireless Solutions 300590.SZ | China | $619M | -39% | +37% | 9% | 35.7× | n/a | n/a |
| Zhejiang Shengyang Science & Technology 603703.SS | China | $624M | -26% | +38% | -3% | n/a | n/a | n/a |
| MeiG Smart Technology 3268.HK | Hong Kong | $628M | -30% | +31% | 7% | 16.2× | n/a | n/a |
| Beijing Jiaxun Feihong Electrical 300213.SZ | China | $634M | -15% | -9% | -17% | 33.9× | 20.0% | -2.1% |
| Guangzhou Hi-Target Navigation Tech 300177.SZ | China | $635M | -30% | -25% | -32% | n/a | 25.8% | -10.6% |
| Filtronic FTC.L | United Kingdom | $639M | -41% | -1% | 7% | 72.5× | 59.4% | +29.0% |
| Sercomm 5388.TW | Taiwan | $591M | -19% | +34% | 3% | 9.3× | n/a | n/a |
| GHT 300711.SZ | China | $650M | -26% | +29% | 14% | n/a | n/a | n/a |
| Tatwah Smartech 002512.SZ | China | $567M | -16% | +32% | 0% | n/a | 36.0% | -2.6% |
| Frequency Electronics FEIM | United States | $679M | +3% | +6% | 8% | 51.7× | n/a | n/a |
| Sichuan Tianyi Comheart Telecom 300504.SZ | China | $685M | -1% | +17% | 3% | n/a | n/a | n/a |
| Gilat Satellite Networks GILT | United States | $554M | -63% | +39% | 5% | 12.1× | n/a | n/a |
| Suzhou Shijia Science & Technology 002796.SZ | China | $696M | -67% | -4% | -7% | n/a | 38.8% | -10.4% |
| Creotech Instruments CRI.WA | Poland | $697M | +15% | +96% | 11% | 85.5× | n/a | n/a |
| H&R Century Union 000892.SZ | China | $699M | -4% | +21% | -52% | n/a | n/a | n/a |
| TPK 3673.TW | Taiwan | $701M | -9% | +1% | 0% | 12.5× | -14.1% | -11.3% |
| Invengo Information Technology 002161.SZ | China | $538M | -27% | -2% | -19% | 37.9× | 26.0% | +4.9% |
| Beijing UniStrong Science & Technology 002383.SZ | China | $712M | -30% | -1% | -15% | n/a | n/a | n/a |
| Suzhou Keda Technology 603660.SS | China | $713M | -31% | -32% | -59% | n/a | n/a | n/a |
| Raisecom Technology 603803.SS | China | $518M | -43% | +8% | -6% | n/a | n/a | n/a |