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Maker of laser chips and optical passive components (TOSA, AWG) used inside fiber-optic network transceivers.
Maker of laser chips and optical passive components (TOSA, AWG) used inside fiber-optic network transceivers.
Makes the laser chips and optical sub-assemblies that go into transceivers and sells them to module makers, so orders follow module makers' output and speed upgrades. Producing its own chips rather than buying them in gives it control of cost.
In one line: A small optical-chip supplier, a slice of Lumentum's components business.
Moat: narrow (process know-how, customer qualification). Vertically integrated laser-chip maker qualified into transceiver makers' supply chains.
Headquarters: Hebi, Henan, China · Founded: 2010 · Employees: 3,829
Size Henan Shijia Photons Technology (688313.SS) is a China Information Technology company (Semiconductors) with a market value of $5.72B, the 433rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥84.41 on 6 Nov 2026.
Performance Over six months the shares fell 36.0%, against -17.8% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 72.7% over the last twelve months (peer median +28.5%); the operating margin is 22.1% (peer median 16.8%).
Valuation It trades at 47.9× forward earnings against a peer median of 33.6× (7th most expensive of 17).
Capital Return on invested capital runs 6.4 points above its cost of capital (14.8% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.29B | CN¥2.12B | CN¥1.07B | CN¥751M | CN¥899M |
| Revenue growth | — | +98% | +42% | -16% | — |
| Gross profit | CN¥1.27B | CN¥679M | CN¥256M | CN¥112M | CN¥201M |
| EBITDA | n/a | CN¥473M | CN¥117M | -CN¥8.75M | CN¥91.3M |
| Net income | CN¥658M | CN¥372M | CN¥64.9M | -CN¥47.5M | CN¥64.3M |
| Free cash flow | -CN¥675M | -CN¥119M | -CN¥95.0M | CN¥33.0M | CN¥35.2M |
| Capital expenditure | CN¥356M | CN¥194M | CN¥126M | CN¥50.0M | CN¥102M |
| Total debt | CN¥1.15B | CN¥541M | CN¥222M | CN¥52.6M | CN¥71.9M |
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 |
|---|---|---|---|---|---|---|
| Henan Shijia Photons Technology 688313.SS | $5.72B | -36% | +73% | 22% | 47.9× | n/a |
| Accelink Technologies 002281.SZ | $10.8B | -37% | +32% | 11% | 42.6× | n/a |
| EverProX Technologies 300548.SZ | $5.04B | -59% | +64% | 35% | 33.5× | 30.9% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
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 | 688313.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.9% | -20.9% | 5th lowest of 21 |
| 6-month return | -36.0% | -17.8% | 5th lowest of 20 |
| Distance from 52-week high | -59.2% | -47.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +72.7% | +28.5% | 5th highest of 21 |
| Operating margin | 22.1% | 16.8% | 4th highest of 21 |
| Forward P/E | 47.9× | 33.6× | 7th most expensive of 17 |
| ROIC minus cost of capital | +6.4 pp | -3.6 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Henan Shijia Photons Technology 688313.SS | China | $5.72B | -36% | +73% | 22% | 47.9× | n/a | n/a |
| Cirrus Logic CRUS | United States | $5.69B | -34% | +6% | 23% | 16.9× | 1.5% | +7.8% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | China | $5.68B | +9% | +13% | -27% | n/a | n/a | n/a |
| SG Micro 3661.HK | Hong Kong | $5.78B | n/a | +54% | 17% | 38.7× | 3.4% | +25.8% |
| Espressif Systems (Shanghai) 688018.SS | China | $5.61B | +30% | +23% | 19% | 48.8× | 36.0% | +25.3% |
| Amlogic (Shanghai) 688099.SS | China | $5.84B | -13% | +39% | 17% | 22.4× | n/a | n/a |
| Beijing YanDong MicroElectronic 688172.SS | China | $5.86B | -26% | +22% | -89% | 63.3× | n/a | n/a |
| Hangzhou Silan Microelectronics 600460.SS | China | $5.93B | -18% | +12% | 2% | 41.1× | n/a | n/a |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | United States | $5.52B | -36% | +104% | 21% | 8.4× | n/a | n/a |
| Yangzhou Yangjie Electronic Technology 300373.SZ | China | $5.99B | -3% | +29% | 18% | 22.4× | 18.1% | +22.3% |
| Shanghai Biren Technology 6082.HK | Hong Kong | $6.03B | -67% | +542% | -47% | n/a | n/a | n/a |
| Sigmastar Technology 301536.SZ | China | $5.41B | +4% | +99% | 31% | n/a | 19.6% | +20.0% |
| GalaxyCore 688728.SS | China | $5.41B | +1% | +16% | 3% | 86.7× | 28.8% | +3.8% |
| Shanghai Iluvatar CoreX Semiconductor 9903.HK | Hong Kong | $6.06B | -6% | +158% | -65% | n/a | n/a | n/a |
| Hubei Feilihua Quartz Glass 300395.SZ | China | $5.35B | -38% | +50% | 24% | 52.7× | n/a | n/a |
| Impinj PI | United States | $5.28B | +12% | +8% | -1% | 62.6× | 47.2% | +21.1% |
| Allegro MicroSystems ALGM | United States | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% | +8.5% |
| Win Semiconductors 3105.TWO | Taiwan | $5.19B | -27% | +24% | 11% | 28.5× | 48.8% | -8.2% |
| GRINM Semiconductor Materials 688432.SS | China | $6.34B | +131% | +36% | 19% | 161.4× | n/a | n/a |
| FormFactor FORM | United States | $6.36B | -45% | +29% | 21% | 19.7× | 22.4% | +2.5% |
| Unigroup Guoxin Microelectronics 002049.SZ | China | $6.37B | -35% | -1% | 18% | 25.5× | 24.4% | +13.5% |