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Employees: 1,602
Size Unionman Technology (688609.SS) is a China Information Technology company (Electronic Components) with a market value of $586M, the 3481st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.49 on 6 Nov 2026.
Performance Over six months the shares fell 26.2%, against -23.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 18.0% over the last twelve months (peer median +17.8%); the operating margin is -1.1% (peer median 3.2%).
Valuation It trades at 8.8× forward earnings against a peer median of 29.2× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +42 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 7.8 points below its cost of capital (8.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.82B | CN¥2.39B | CN¥2.51B | CN¥2.17B | CN¥2.40B |
| Revenue growth | — | -5% | +16% | -10% | — |
| Gross profit | CN¥529M | CN¥214M | CN¥257M | CN¥203M | CN¥469M |
| EBITDA | n/a | -CN¥130M | -CN¥84.7M | -CN¥174M | CN¥82.6M |
| Net income | -CN¥46.6M | -CN¥211M | -CN¥142M | -CN¥199M | CN¥60.4M |
| Free cash flow | CN¥208M | CN¥170M | -CN¥117M | -CN¥390M | -CN¥265M |
| Capital expenditure | CN¥68.1M | CN¥261M | CN¥196M | CN¥191M | CN¥242M |
| Total debt | CN¥1.21B | CN¥1.17B | CN¥1.64B | CN¥1.28B | CN¥959M |
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.
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 | 688609.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -14.1% | 11th highest of 21 |
| 6-month return | -26.2% | -23.0% | 10th lowest of 21 |
| Distance from 52-week high | -44.3% | -49.8% | 10th highest of 21 |
| Revenue growth (TTM) | +18.0% | +17.8% | 11th highest of 21 |
| Operating margin | -1.1% | 3.2% | 7th lowest of 21 |
| Forward P/E | 8.8× | 29.2× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 45.5% | 26.2% | 3rd most demanding of 10 |
| Growth delivered (Del g) | +3.4% | +4.2% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +42.1 pp | +14.5 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -7.8 pp | -5.5 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |
| Firan Technology FTG.TO | Canada | $585M | +55% | +17% | 12% | 27.9× | 24.6% | +13.0% |
| Jiaxing ZMAX Optech 688307.SS | China | $584M | -51% | +59% | 7% | 25.7× | n/a | n/a |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 25.1× | 34.7% | -5.1% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | n/a | n/a | n/a |
| Chin-Poon Industrial 2355.TW | Taiwan | $568M | -9% | +1% | 4% | 23.3× | 7.2% | +0.6% |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 50.9× | n/a | n/a |
| Foshan Nationstar Optoelectronics 002449.SZ | China | $557M | -24% | -17% | -6% | n/a | n/a | n/a |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 52.0× | n/a | n/a |
| Shaanxi Huada Science Technology 301517.SZ | China | $554M | -54% | -9% | -26% | n/a | n/a | n/a |
| WUS Printed Circuit 2316.TW | Taiwan | $549M | -15% | +24% | -11% | n/a | n/a | n/a |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Taiwan Chinsan Electronic Industrial 8042.TWO | Taiwan | $541M | +82% | +22% | 7% | 32.7× | n/a | n/a |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |
| Newonder Special Electric 301120.SZ | China | $654M | -39% | +22% | 1% | 91.7× | 56.0% | +4.2% |