Employees: 1,085
Size Anhui Wanyi Science And Technology Co. Ltd. Class 1 (688600.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $522M, the 3758th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.85 on 6 Nov 2026.
Performance Over six months the shares fell 10.7%, against -26.5% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 3.8% over the last twelve months (peer median +8.7%); the operating margin is 5.0% (peer median 2.8%).
Valuation It trades at 33.4× forward earnings against a peer median of 18.0× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +23 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 (9.4% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥826M | CN¥703M | CN¥733M | CN¥780M | CN¥670M |
| Revenue growth | — | -4% | -6% | +16% | — |
| Gross profit | CN¥426M | CN¥330M | CN¥322M | CN¥361M | CN¥309M |
| EBITDA | n/a | CN¥33.3M | CN¥10.9M | CN¥17.2M | -CN¥13.6M |
| Net income | CN¥93.9M | CN¥55.0M | CN¥14.4M | CN¥43.8M | CN¥47.8M |
| Free cash flow | CN¥15.3M | CN¥42.0M | -CN¥8.03M | CN¥37.7M | -CN¥76.8M |
| Capital expenditure | CN¥78.6M | CN¥116M | CN¥50.7M | CN¥67.3M | CN¥86.1M |
| Total debt | CN¥47.8M | CN¥49.0M | CN¥35.8M | CN¥27.5M | CN¥6.41M |
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| Measure | 688600.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.7% | -11.8% | 7th lowest of 21 |
| 6-month return | -10.7% | -26.5% | 3rd highest of 21 |
| Distance from 52-week high | -34.2% | -48.2% | 5th highest of 21 |
| Revenue growth (TTM) | +3.8% | +8.7% | 9th lowest of 21 |
| Operating margin | 5.0% | 2.8% | 9th highest of 21 |
| Forward P/E | 33.4× | 18.0× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 34.5% | 8.3% | most demanding of 13 |
| Growth delivered (Del g) | +11.2% | +9.7% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | +23.3 pp | -5.5 pp | 2nd most demanding of 13 |
| ROIC minus cost of capital | -2.0 pp | -3.8 pp | 8th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Wanyi Science And Technology Co. Ltd. Class 1 688600.SS | China | $522M | -11% | +4% | 5% | 33.4× | 34.5% | +11.2% |
| Osaka Organic Chemical Industry 4187.T | Japan | $518M | -21% | +18% | 22% | 11.8× | 6.9% | +4.8% |
| Goldcard Smart 300349.SZ | China | $531M | -33% | -5% | 4% | 18.0× | 2.9% | +10.8% |
| IDEC 6652.T | Japan | $534M | -11% | +17% | 10% | 10.1× | 0.7% | +6.2% |
| Zhejiang Wellsun Intelligent Technology 300882.SZ | China | $510M | -35% | +13% | -1% | n/a | n/a | n/a |
| Beijing ConST Instruments Technology 300445.SZ | China | $536M | -23% | +7% | 19% | 21.8× | 9.4% | +15.5% |
| Shanghai Hi-Tech Control System 002184.SZ | China | $507M | -16% | -16% | -3% | n/a | n/a | n/a |
| SZZT Electronics 002197.SZ | China | $506M | -32% | +25% | -17% | n/a | n/a | n/a |
| Espec 6859.T | Japan | $504M | +7% | +9% | 10% | 12.5× | 7.1% | +12.6% |
| Nippon Ceramic 6929.T | Japan | $501M | -14% | +3% | 23% | 12.7× | -4.5% | +9.8% |
| Merry Electronics 2439.TW | Taiwan | $493M | -26% | +9% | 2% | 17.9× | -5.0% | +6.2% |
| YC Corporation 232140.KS | South Korea | $558M | -57% | +26% | 11% | 22.7× | 17.9% | +9.7% |
| Integrated Electronic Systems Lab Co 002339.SZ | China | $486M | -34% | +11% | -2% | n/a | 15.8% | +8.2% |
| Wiscom System 002090.SZ | China | $485M | -27% | -4% | 1% | n/a | 34.3% | -3.4% |
| Babcock & Wilcox Enterprises BW | United States | $484M | -78% | +40% | 4% | 12.2× | n/a | n/a |
| Sinosun Technology 300333.SZ | China | $482M | +3% | +2% | -13% | n/a | n/a | n/a |
| Grade Upon Technology 6739.TWO | Taiwan | $481M | -52% | +99% | 57% | n/a | 12.4% | +26.7% |
| Hebei Sailhero Environmental Protection High-Tech 300137.SZ | China | $569M | -56% | -17% | -13% | n/a | n/a | n/a |
| Careray Digital Medical Technology 688607.SS | China | $479M | -45% | +2% | -10% | 72.5× | n/a | n/a |
| Shanghai Aohua Photoelectricity Endoscope 688212.SS | China | $572M | -19% | +21% | -4% | 647.1× | n/a | n/a |
| Donghua Testing Technology 300354.SZ | China | $574M | -23% | -7% | 18% | 35.0× | 22.6% | +20.9% |