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Chinese maker of optical components and precision optical instruments (name signals an optics specialist).
Chinese maker of optical components and precision optical instruments (name signals an optics specialist).
Moat: none
Headquarters: China · Employees: 1,386
Size MLOPTIC (688502.SS) is a China Information Technology company (Electronic Components) with a market value of $2.78B, the 922nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥350.88 on 6 Nov 2026.
Performance Over six months the shares fell 26.1%, against -30.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 43.8% over the last twelve months (peer median +23.2%); the operating margin is 5.3% (peer median 14.6%).
Valuation It trades at 204.0× forward earnings against a peer median of 25.6× (3rd most expensive of 19).
Capital Return on invested capital runs 9.4 points below its cost of capital (15.2% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥907M | CN¥687M | CN¥501M | CN¥455M | CN¥437M |
| Revenue growth | — | +37% | +10% | +4% | — |
| Gross profit | CN¥445M | CN¥297M | CN¥226M | CN¥224M | CN¥205M |
| EBITDA | n/a | CN¥126M | CN¥78.7M | CN¥71.4M | CN¥81.8M |
| Net income | CN¥11.4M | CN¥46.3M | CN¥35.5M | CN¥46.7M | CN¥59.0M |
| Free cash flow | -CN¥341M | -CN¥104M | -CN¥257M | -CN¥218M | -CN¥10.8M |
| Capital expenditure | CN¥283M | CN¥181M | CN¥278M | CN¥279M | CN¥85.9M |
| Total debt | CN¥935M | CN¥638M | CN¥126M | CN¥29.0M | CN¥100M |
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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 | 688502.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -20.3% | 4th highest of 21 |
| 6-month return | -26.1% | -30.6% | 10th highest of 20 |
| Distance from 52-week high | -50.5% | -52.6% | 11th highest of 21 |
| Revenue growth (TTM) | +43.8% | +23.2% | 5th highest of 21 |
| Operating margin | 5.3% | 14.6% | 5th lowest of 21 |
| Forward P/E | 204.0× | 25.6× | 3rd most expensive of 19 |
| ROIC minus cost of capital | -9.4 pp | -0.8 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Jenoptik JEN.DE | Germany | $2.30B | -21% | -2% | 12% | 18.6× | 10.3% | +11.2% |