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Employees: 568
Size Rayitek Hi-Tech Film (688323.SS) is a China Materials company (Industrial Specialties) with a market value of $554M, the 3615th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.42 on 6 Nov 2026.
Performance Over six months the shares fell 23.2%, against -18.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 7.9% over the last twelve months (peer median +8.9%); the operating margin is -11.2% (peer median 3.8%).
Valuation It trades at 3.08× book value against a peer median of 1.92× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 33.4%; Rayitek Hi-Tech Film delivers -9.6%, so the price asks more than the business earns today.
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥413M | CN¥390M | CN¥338M | CN¥273M | CN¥300M |
| Revenue growth | — | +15% | +24% | -9% | — |
| Gross profit | CN¥160M | CN¥49.3M | CN¥43.0M | CN¥56.6M | CN¥104M |
| EBITDA | n/a | CN¥96.7M | CN¥71.2M | CN¥57.2M | CN¥97.2M |
| Net income | -CN¥93.3M | -CN¥92.3M | -CN¥57.3M | -CN¥19.6M | CN¥38.9M |
| Free cash flow | -CN¥65.7M | CN¥40.9M | CN¥26.9M | -CN¥159M | -CN¥407M |
| Capital expenditure | CN¥93.6M | CN¥81.5M | CN¥111M | CN¥221M | CN¥498M |
| Total debt | CN¥1.01B | CN¥1.37B | CN¥1.32B | CN¥1.20B | CN¥1.12B |
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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 | 688323.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.8% | -10.0% | 6th lowest of 21 |
| 6-month return | -23.2% | -18.4% | 8th lowest of 21 |
| Return on equity | -9.6% | 2.9% | 4th lowest of 21 |
| Price / book | 3.08× | 1.92× | 5th most expensive of 21 |
| ROE the price implies | 33.4% | 18.1% | 5th most demanding of 21 |
| ROE delivered | -9.6% | 2.8% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Rayitek Hi-Tech Film 688323.SS | China | $554M | -23% | +8% | -10% | 3.08× | 33.4% | -9.6% |
| Changzhou Almaden Stock 002623.SZ | China | $558M | -11% | -22% | -7% | 1.47× | 15.8% | -7.2% |
| Zhejiang Runyang New Material Technology 300920.SZ | China | $548M | -6% | -1% | 1% | 3.11× | 21.4% | 1.3% |
| Dongguan Golden Sun Abrasives 300606.SZ | China | $545M | -29% | -12% | 3% | 5.53× | 44.5% | 2.5% |
| Suzhou Xingye Materials Technology 603928.SS | China | $540M | -14% | +15% | 8% | 2.23× | 16.1% | 7.7% |
| Lucky Film 600135.SS | China | $568M | -40% | +14% | -2% | 1.62× | 12.6% | -2.4% |
| Shenzhen Xinhao Photoelectricity Technology 301051.SZ | China | $577M | -19% | -23% | -18% | 2.08× | 26.1% | -18.1% |
| Tianyang New Materials (Shanghai) Technology 603330.SS | China | $579M | +21% | -35% | -16% | 2.93× | 25.2% | -16.0% |
| HankukCarbon 017960.KS | South Korea | $526M | -71% | +11% | 17% | 1.09× | 7.3% | 17.1% |
| Shanghai Yongguan Adhesive Products 603681.SS | China | $520M | -20% | +7% | 6% | 0.96× | 9.8% | 6.1% |
| Changchun Gas 600333.SS | China | $520M | -1% | +15% | 1% | 1.83× | 12.6% | 1.3% |
| Dongguan Changlian New Materials Technology 301618.SZ | China | $519M | -21% | +23% | 3% | 3.67× | 46.1% | 2.8% |
| ZACROS 7917.T | Japan | $596M | -11% | +6% | 8% | 0.91× | 8.4% | 8.3% |
| Shenzhen King Explorer Science & Technology 002917.SZ | China | $509M | -25% | +1% | 8% | 1.94× | 8.9% | 8.1% |
| NanJing Sanchao Advanced Materials 300554.SZ | China | $508M | -27% | +6% | -24% | 3.02× | 33.5% | -23.7% |
| Sheela Foam SFL.NS | India | $614M | -7% | +20% | 8% | 1.73× | 20.5% | 7.8% |
| Kangda New Materials (Group) 002669.SZ | China | $498M | -18% | +23% | 4% | 1.16× | 12.7% | 3.8% |
| Wuxi Holyview Microelectronics 603375.SS | China | $618M | -10% | -17% | 0% | 2.66× | 23.2% | -0.5% |
| Beijing Comens New Materials 300200.SZ | China | $491M | -24% | +20% | 4% | 1.91× | 18.9% | 4.2% |
| Tianjin Jiuri New Materials 688199.SS | China | $628M | -3% | +15% | 3% | 1.63× | 17.4% | 3.1% |
| Borosil Renewables BORORENEW.NS | India | $628M | -29% | +11% | 10% | 3.74× | 38.4% | n/a |