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Chinese maker of industrial machine-vision systems -- cameras, lighting and software -- for factory automation and quality inspection.
Chinese maker of industrial machine-vision systems -- cameras, lighting and software -- for factory automation and quality inspection.
Is best known for the lighting and lens parts of machine-vision setups, which are sold by volume to integrators and factories, with cameras and software increasingly added to sell a full inspection system.
In one line: A China-based Cognex in machine vision.
Moat: narrow (process know-how, IP / patents). Integrated vision hardware-plus-software stack gives an edge domestically, though Cognex/Keyence lead globally.
Headquarters: Dongguan, China · Founded: 2006 · Employees: 3,188
Size OPT Machine Vision Tech (688686.SS) is a China Information Technology company (Electronic Production Equipment) with a market value of $2.96B, the 873rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥161.50 on 6 Nov 2026.
Performance Over six months the shares gained 47.7%, against -31.2% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 38.0% over the last twelve months (peer median +18.2%); the operating margin is 12.3% (peer median 6.4%).
Valuation It trades at 75.4× forward earnings against a peer median of 27.5× (3rd most expensive of 18).
Capital Return on invested capital runs 7.0 points below its cost of capital (13.8% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.64B | CN¥1.26B | CN¥905M | CN¥937M | CN¥1.13B |
| Revenue growth | — | +39% | -3% | -17% | — |
| Gross profit | CN¥948M | CN¥744M | CN¥562M | CN¥589M | CN¥742M |
| EBITDA | n/a | CN¥168M | CN¥91.4M | CN¥156M | CN¥302M |
| Net income | CN¥235M | CN¥186M | CN¥136M | CN¥194M | CN¥325M |
| Free cash flow | -CN¥162M | CN¥115M | -CN¥84.6M | CN¥106M | -CN¥143M |
| Capital expenditure | CN¥54.2M | CN¥28.7M | CN¥92.7M | CN¥124M | CN¥222M |
| Total debt | CN¥1.36B | CN¥118M | CN¥22.2M | CN¥11.1M | CN¥27.4M |
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 |
|---|---|---|---|---|---|---|
| OPT Machine Vision Tech 688686.SS | $2.96B | +48% | +38% | 12% | 75.4× | n/a |
| Cognex CGNX | $8.04B | -27% | +17% | 22% | 24.8× | 25.6% |
| Keyence 6861.T | $107B | -2% | +25% | 54% | 28.7× | 21.1% |
| Basler BSL.DE | $823M | -7% | +31% | 15% | 19.1× | 23.8% |
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 | 688686.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +30.6% | -27.8% | highest of 21 |
| 6-month return | +47.7% | -31.2% | highest of 21 |
| Distance from 52-week high | -13.6% | -56.7% | highest of 21 |
| Revenue growth (TTM) | +38.0% | +18.2% | 6th highest of 21 |
| Operating margin | 12.3% | 6.4% | 7th highest of 21 |
| Forward P/E | 75.4× | 27.5× | 3rd most expensive of 18 |
| ROIC minus cost of capital | -7.0 pp | -3.1 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |