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Chinese maker of intelligent production equipment for electronics manufacturing; specific line not fully established.
Chinese maker of intelligent production equipment for electronics manufacturing; specific line not fully established.
Moat: none
Headquarters: Shenzhen, China · Employees: 682
Size Shenzhen S-king Intelligent Equipment (688328.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $718M, the 3006th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.33 on 6 Nov 2026.
Performance Over six months the shares fell 7.1%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 30.7% over the last twelve months (peer median +5.8%); the operating margin is 11.5% (peer median 6.1%).
Valuation It trades at 5.8× enterprise value to sales against a peer median of 2.3× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +29 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points below its cost of capital (10.7% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥819M | CN¥668M | CN¥502M | CN¥551M | CN¥585M |
| Revenue growth | — | +33% | -9% | -6% | — |
| Gross profit | CN¥319M | CN¥207M | CN¥119M | CN¥107M | CN¥186M |
| EBITDA | n/a | CN¥64.0M | -CN¥56.4M | -CN¥88.0M | -CN¥30.6M |
| Net income | CN¥81.7M | CN¥24.4M | -CN¥106M | -CN¥116M | -CN¥35.8M |
| Free cash flow | CN¥199M | CN¥120M | CN¥7.04M | -CN¥118M | -CN¥194M |
| Capital expenditure | CN¥4.28M | CN¥1.84M | CN¥6.65M | CN¥20.1M | CN¥217M |
| Total debt | CN¥298M | CN¥275M | CN¥359M | CN¥446M | CN¥699M |
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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 | 688328.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.8% | -21.9% | 5th lowest of 21 |
| 6-month return | -7.1% | -32.0% | 2nd highest of 20 |
| Distance from 52-week high | -58.9% | -49.2% | 7th lowest of 21 |
| Revenue growth (TTM) | +30.7% | +5.8% | 5th highest of 21 |
| Operating margin | 11.5% | 6.1% | 9th highest of 21 |
| EV / Sales | 5.8× | 2.3× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 29.2% | 7.0% | most demanding of 12 |
| Growth delivered (Del g) | +0.7% | +6.3% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +28.5 pp | -0.9 pp | most demanding of 12 |
| ROIC minus cost of capital | -2.0 pp | +0.9 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen S-king Intelligent Equipment 688328.SS | China | $718M | -7% | +31% | 11% | 5.8× | 29.2% | +0.7% |
| Thinking Electronic Industrial 2428.TW | Taiwan | $721M | 0% | +11% | 23% | 2.1× | 0.8% | +6.3% |
| Suzhou Wanxiang Technology 301180.SZ | China | $724M | -32% | +8% | 2% | 3.5× | 25.2% | +4.4% |
| Guoguang Electric Co., Ltd.Chengdu 688776.SS | China | $709M | -46% | -38% | -89% | 21.2× | n/a | n/a |
| JVCKENWOOD 6632.T | Japan | $694M | -34% | +2% | 7% | 0.3× | -17.0% | +5.5% |
| Evertz Technologies ET.TO | Canada | $689M | -21% | +4% | 13% | 1.9× | 5.0% | +8.5% |
| Shenzhen Yanmade Technology 688312.SS | China | $682M | -56% | +1% | 17% | 6.5× | 26.6% | +12.0% |
| Chicony Power Technology 6412.TW | Taiwan | $680M | -38% | +62% | -128% | 0.4× | -5.2% | -0.2% |
| Ceres Power CWR.L | United Kingdom | $758M | -63% | -23% | -125% | 11.5× | n/a | n/a |
| Dongguan Mentech Optical & Magnetic 002902.SZ | China | $670M | -38% | +30% | -6% | 2.4× | n/a | n/a |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 2.1× | 2.8% | +3.7% |
| Pan-International Industrial 2328.TW | Taiwan | $667M | -23% | -14% | 2% | 1.0× | 18.3% | +1.2% |
| Suzhou Shihua New Material Technology 688093.SS | China | $772M | -43% | -26% | 32% | 5.6× | 7.0% | +27.0% |
| Japan Display 6740.T | Japan | $773M | -74% | -25% | -9% | 1.7× | n/a | n/a |
| JNTC 204270.KS | South Korea | $663M | -18% | -13% | -47% | 7.0× | n/a | n/a |
| Foxsemicon Integrated Technology 3413.TW | Taiwan | $778M | -29% | +16% | 13% | 1.1× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | 2.4× | n/a | n/a |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 0.8× | n/a | n/a |
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 0.2× | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | 3.0× | 17.5% | +9.6% |
| Kohoku Kogyo 6524.T | Japan | $644M | -28% | +22% | 29% | 4.7× | 22.8% | +9.3% |