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Chinese maker of specialized connectors and cable assemblies for defense, aerospace, rail, nuclear power and EV applications.
Chinese maker of specialized connectors and cable assemblies for defense, aerospace, rail, nuclear power and EV applications.
Sells connectors and cable assemblies that are specified into defence and aerospace equipment programmes, so orders follow state procurement and a part stays in production for the life of the programme. Civil uses such as rail and EVs are newer.
In one line: A China-based peer to Amphenol/TE Connectivity's high-reliability connector business.
Moat: narrow (customer qualification, IP / patents, process know-how). Decades of qualification supplying high-reliability connectors to defense, aerospace and nuclear customers.
Headquarters: Mianyang, China · Founded: 1958 · Employees: 3,986
Size Sichuan Huafeng Technology (688629.SS) is a China Information Technology company (Electronic Components) with a market value of $4.85B, the 520th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥69.10 on 6 Nov 2026.
Performance Over six months the shares fell 49.3%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 46.0% over the last twelve months (peer median +16.5%); the operating margin is 9.5% (peer median 10.7%).
Valuation It trades at 87.5× forward earnings against a peer median of 30.5× (6th most expensive of 20).
Capital Return on invested capital runs 2.4 points below its cost of capital (13.2% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.92B | CN¥2.52B | CN¥1.09B | CN¥900M | CN¥984M |
| Revenue growth | — | +131% | +21% | -9% | — |
| Gross profit | CN¥907M | CN¥740M | CN¥159M | CN¥210M | CN¥272M |
| EBITDA | n/a | CN¥488M | -CN¥7.37M | CN¥76.4M | CN¥130M |
| Net income | CN¥332M | CN¥359M | -CN¥17.8M | CN¥72.4M | CN¥98.8M |
| Free cash flow | -CN¥245M | -CN¥397M | -CN¥255M | CN¥4.10M | -CN¥19.5M |
| Capital expenditure | CN¥560M | CN¥396M | CN¥255M | CN¥118M | CN¥129M |
| Total debt | CN¥720M | CN¥763M | CN¥465M | CN¥463M | CN¥369M |
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 |
|---|---|---|---|---|---|---|
| Sichuan Huafeng Technology 688629.SS | $4.85B | -49% | +46% | 9% | 87.5× | n/a |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Bel Fuse BELFA | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% |
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 | 688629.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.1% | -29.2% | 11th highest of 21 |
| 6-month return | -49.3% | -14.1% | 2nd lowest of 21 |
| Distance from 52-week high | -69.7% | -46.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | +46.0% | +16.5% | 5th highest of 21 |
| Operating margin | 9.5% | 10.7% | 10th lowest of 21 |
| Forward P/E | 87.5× | 30.5× | 6th most expensive of 20 |
| ROIC minus cost of capital | -2.4 pp | -1.8 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 18.6× | n/a | n/a |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Taiyo Yuden 6976.T | Japan | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% | +3.4% |
| Founder Technology 600601.SS | China | $5.70B | -27% | +73% | 19% | 47.6× | n/a | n/a |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Compeq Manufacturing 2313.TW | Taiwan | $5.93B | -42% | +8% | 11% | 15.9× | 14.6% | +4.7% |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Shenzhen Everwin Precision Technology 300115.SZ | China | $5.95B | -12% | +19% | 2% | 124.0× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Advanced Fiber Resources Zhuhai 300620.SZ | China | $6.50B | -27% | +86% | 18% | 107.0× | n/a | n/a |