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State-owned maker of air-defense early-warning and target-indication radar systems - a defense electronics firm, not a chipmaker.
State-owned maker of air-defense early-warning and target-indication radar systems - a defense electronics firm, not a chipmaker.
Builds radar systems under state contracts for the armed forces, usually one programme at a time, so revenue depends on when equipment is delivered and accepted rather than on market demand. Its Semiconductors tag is only a classification: the business is defence electronics.
In one line: A small Chinese Raytheon-style radar systems maker.
Moat: narrow (regulatory licence, IP / patents, scale). State-owned defense contractor with licensed access to military radar procurement; not exposed to open commercial competition.
Headquarters: Jingzhou, Hubei, China · Founded: 1989 · Employees: 795
Size Aerospace Nanhu Electronic Information Technology (688552.SS) is a China Information Technology company (Semiconductors) with a market value of $1.64B, the 1513th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥32.38 on 6 Nov 2026.
Performance Over six months the shares fell 19.2%, against -16.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 19.3% over the last twelve months (peer median +15.8%); the operating margin is -5.5% (peer median 7.5%).
Valuation It trades at 231.3× forward earnings against a peer median of 16.1× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +35 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 10.8 points below its cost of capital (9.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥853M | CN¥810M | CN¥214M | CN¥721M | CN¥947M |
| Revenue growth | — | +279% | -70% | -24% | — |
| Gross profit | CN¥124M | CN¥160M | CN¥28.5M | CN¥227M | CN¥386M |
| EBITDA | n/a | CN¥40.6M | -CN¥120M | CN¥54.8M | CN¥170M |
| Net income | -CN¥10.3M | CN¥32.0M | -CN¥78.2M | CN¥102M | CN¥157M |
| Free cash flow | CN¥125M | -CN¥105M | -CN¥356M | CN¥159M | -CN¥335M |
| Capital expenditure | CN¥44.4M | CN¥97.8M | CN¥188M | CN¥153M | CN¥49.0M |
| Total debt | CN¥5.90M | CN¥85.9M | CN¥80.3M | CN¥110M | CN¥271M |
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 |
|---|---|---|---|---|---|---|
| Aerospace Nanhu Electronic Information Technology 688552.SS | $1.64B | -19% | +19% | -6% | 231.3× | 35.8% |
| RTX RTX | $256B | +8% | +12% | 11% | 24.4× | 8.4% |
| Thales HO.PA | $51.1B | -1% | +7% | 11% | 20.6× | -2.8% |
| Leonardo LDO.MI | $31.0B | -4% | +10% | 7% | 20.2× | 14.3% |
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 | 688552.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | -18.6% | 4th highest of 20 |
| 6-month return | -19.2% | -16.6% | 9th lowest of 20 |
| Distance from 52-week high | -40.9% | -46.3% | 7th highest of 21 |
| Revenue growth (TTM) | +19.3% | +15.8% | 10th highest of 21 |
| Operating margin | -5.5% | 7.5% | 5th lowest of 21 |
| Forward P/E | 231.3× | 16.1× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 35.8% | 12.7% | 4th most demanding of 8 |
| Growth delivered (Del g) | +1.0% | +8.4% | 2nd lowest of 8 |
| Hurdle (Req g minus delivered) | +34.8 pp | +4.4 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | -10.8 pp | -6.3 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aerospace Nanhu Electronic Information Technology 688552.SS | China | $1.64B | -19% | +19% | -6% | 231.3× | 35.8% | +1.0% |
| Shenzhen Injoinic Technology 688209.SS | China | $1.64B | +5% | +13% | 11% | n/a | n/a | n/a |
| Tekscend Photomask 429A.T | Japan | $1.64B | -36% | +10% | 22% | 9.9× | 6.4% | +8.7% |
| Thinkon Semiconductor Jinzhou 688233.SS | China | $1.62B | -11% | +12% | 18% | 59.7× | 44.7% | +18.0% |
| NSING Technologies 300077.SZ | China | $1.61B | -32% | +47% | 1% | n/a | n/a | n/a |
| Shanghai Anlogic Infotech 688107.SS | China | $1.67B | -26% | +70% | -25% | n/a | n/a | n/a |
| Greatek Electronics 2441.TW | Taiwan | $1.68B | +4% | +24% | 21% | 13.2× | 1.6% | +2.7% |
| Taiwan Surface Mounting Technology 6278.TW | Taiwan | $1.60B | -2% | +5% | 7% | 16.1× | 6.5% | +3.8% |
| Wonik 030530.KS | South Korea | $1.59B | -14% | -14% | 1% | n/a | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 18.3× | n/a | n/a |
| Jiangsu HHCK Advanced Materials 688535.SS | China | $1.58B | -19% | +154% | 7% | 134.5× | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | n/a | 38.4% | -4.7% |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 37.6× | n/a | n/a |
| Cosmo Electronics 2466.TW | Taiwan | $1.57B | +449% | -19% | -20% | n/a | n/a | n/a |
| Silex Microsystems SILEX.ST | Sweden | $1.55B | -32% | +13% | 26% | n/a | 38.0% | +13.0% |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 643.2× | n/a | n/a |
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | n/a | n/a | n/a |
| Beijing ESWIN Computing Technology 1256.HK | Hong Kong | $1.50B | n/a | +20% | -57% | n/a | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 1.6× | n/a | n/a |
| ChipMOS Technologies 8150.TW | Taiwan | $1.49B | -17% | +19% | 8% | 12.2× | n/a | n/a |
| C Sun Mfg 2467.TW | Taiwan | $1.48B | -47% | +72% | 22% | 13.2× | 12.7% | +8.4% |