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Chinese maker of renewable-energy equipment, likely tied to solar or hydrogen technology; not fully established.
Chinese maker of renewable-energy equipment, likely tied to solar or hydrogen technology; not fully established.
Moat: none
Headquarters: China · Employees: 1,257
Size WindSun Science & Technology (688663.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $1.23B, the 1930th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥41.95 on 6 Nov 2026.
Performance Over six months the shares fell 14.0%, against -25.7% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 8.7% over the last twelve months (peer median +16.7%); the operating margin is 2.5% (peer median 5.9%).
Valuation It trades at 36.5× forward earnings against a peer median of 18.8× (3rd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +30 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 6.3 points below its cost of capital (10.7% WACC).
Next results Next results expected around 14 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.85B | CN¥2.00B | CN¥2.22B | CN¥1.70B | CN¥1.30B |
| Revenue growth | — | -10% | +31% | +30% | — |
| Gross profit | CN¥459M | CN¥426M | CN¥507M | CN¥462M | CN¥336M |
| EBITDA | n/a | CN¥116M | CN¥212M | CN¥155M | CN¥134M |
| Net income | CN¥68.3M | CN¥95.4M | CN¥180M | CN¥166M | CN¥129M |
| Free cash flow | CN¥190M | CN¥397M | CN¥228M | CN¥135M | CN¥44.7M |
| Capital expenditure | -CN¥998,737 | CN¥4.98M | CN¥11.8M | CN¥57.3M | CN¥18.2M |
| Total debt | CN¥497M | CN¥732M | CN¥589M | CN¥480M | CN¥499M |
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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 | 688663.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.6% | -23.2% | 10th lowest of 21 |
| 6-month return | -14.0% | -25.7% | 7th highest of 20 |
| Distance from 52-week high | -42.8% | -52.8% | 8th highest of 21 |
| Revenue growth (TTM) | -8.7% | +16.7% | 2nd lowest of 21 |
| Operating margin | 2.5% | 5.9% | 8th lowest of 21 |
| Forward P/E | 36.5× | 18.8× | 3rd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 48.5% | 17.5% | most demanding of 10 |
| Growth delivered (Del g) | +18.9% | +5.0% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | +29.6 pp | +5.5 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | -6.3 pp | -4.4 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WindSun Science & Technology 688663.SS | China | $1.23B | -14% | -9% | 3% | 36.5× | 48.5% | +18.9% |
| Aurora Optoelectronics 600666.SS | China | $1.22B | -44% | +44% | -15% | n/a | 35.2% | -1.9% |
| Fuman Microelectronics 300671.SZ | China | $1.21B | -22% | +71% | 3% | n/a | n/a | n/a |
| Maxvision Technology 002990.SZ | China | $1.26B | -39% | +36% | 14% | n/a | n/a | n/a |
| Shenzhen Hui Chuang Da Technology 300909.SZ | China | $1.26B | +4% | +3% | 2% | n/a | n/a | n/a |
| Shenzhen Fenda Technology 002681.SZ | China | $1.19B | -15% | +7% | -1% | n/a | 27.1% | -5.2% |
| Grand Process Technology 3131.TWO | Taiwan | $1.27B | -51% | +38% | 22% | 18.3× | 13.0% | +21.2% |
| Dongjin Semichem 005290.KS | South Korea | $1.18B | -44% | -4% | 16% | n/a | -4.4% | +5.0% |
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 14.4× | 10.7% | +3.9% |
| Guangdong Suqun New Material 301489.SZ | China | $1.16B | -54% | +24% | 8% | 53.2× | n/a | n/a |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | n/a | n/a | n/a |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 15.3× | 17.5% | +27.2% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | n/a | 24.4% | +18.8% |
| Harbin Xinguang Optic-Electronics Technology 688011.SS | China | $1.11B | +17% | +14% | -42% | n/a | n/a | n/a |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | n/a | n/a | n/a |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 42.5× | 44.4% | +8.4% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 18.8× | 3.9% | +0.2% |
| Shenzhen AV-Display 300939.SZ | China | $1.07B | +54% | +5% | 3% | n/a | n/a | n/a |
| I-Chiun Precision Industry 2486.TW | Taiwan | $1.05B | -53% | +25% | 7% | 23.3× | n/a | n/a |
| Suzhou Betely Polymer Materials 301697.SZ | China | $1.44B | n/a | +45% | 5% | n/a | n/a | n/a |
| Suzhou K-Hiragawa Electronic Technology 603052.SS | China | $1.03B | -55% | +7% | -10% | n/a | n/a | n/a |