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Xiamen-based new-materials/electronic-components maker; specific product line not established from available knowledge.
Xiamen-based new-materials/electronic-components maker; specific product line not established from available knowledge.
Moat: none
Headquarters: Xiamen, China · Employees: 399
Size Xiamen Hengkun New Material Technology (688727.SS) is a China Information Technology company (Electronic Components) with a market value of $2.28B, the 1119th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.80 on 6 Nov 2026.
Performance Over six months the shares fell 33.0%, against -23.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 20.2% over the last twelve months (peer median +27.6%); the operating margin is 9.2% (peer median 11.2%).
Valuation It trades at 22.3× enterprise value to sales against a peer median of 5.6× (2nd most expensive of 21).
Capital Return on invested capital runs 15.5 points below its cost of capital (17.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥659M | CN¥548M | CN¥368M | CN¥322M |
| Revenue growth | — | +20% | +49% | +14% | — |
| Gross profit | n/a | CN¥255M | CN¥267M | CN¥206M | CN¥213M |
| EBITDA | n/a | CN¥137M | CN¥149M | CN¥119M | CN¥143M |
| Net income | n/a | CN¥97.8M | CN¥96.9M | CN¥89.8M | CN¥101M |
| Free cash flow | n/a | -CN¥233M | -CN¥217M | -CN¥278M | -CN¥116M |
| Capital expenditure | n/a | CN¥384M | CN¥409M | CN¥369M | CN¥271M |
| Total debt | CN¥941M | CN¥903M | CN¥646M | CN¥350M | CN¥107M |
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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 | 688727.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.7% | -17.6% | 10th lowest of 21 |
| 6-month return | -33.0% | -23.1% | 7th lowest of 21 |
| Distance from 52-week high | -57.8% | -54.6% | 9th lowest of 21 |
| Revenue growth (TTM) | +20.2% | +27.6% | 9th lowest of 21 |
| Operating margin | 9.2% | 11.2% | 9th lowest of 21 |
| EV / Sales | 22.3× | 5.6× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -15.5 pp | -3.0 pp | lowest of 21 |
| Net debt / EBITDA | -3.6× | 1.5× | least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen Hengkun New Material Technology 688727.SS | China | $2.28B | -33% | +20% | 9% | 22.3× | n/a | n/a |
| Jenoptik JEN.DE | Germany | $2.30B | -21% | -2% | 12% | 2.2× | 10.3% | +11.2% |
| Hefei Meyer Optoelectronic Technology 002690.SZ | China | $2.25B | -3% | +3% | 31% | 5.2× | 9.2% | +10.0% |
| Fulltech Fiber Glass 1815.TWO | Taiwan | $2.18B | +6% | +49% | 26% | 8.6× | n/a | n/a |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 6.0× | 15.3% | +34.3% |
| Shenglan Technology 300843.SZ | China | $2.16B | +2% | +45% | 8% | 6.2× | n/a | n/a |
| Fujian Torch Electron Technology 603678.SS | China | $2.16B | -7% | +82% | 4% | 2.8× | n/a | n/a |
| Electric Connector Technology 300679.SZ | China | $2.14B | -24% | 0% | 4% | 2.6× | 27.9% | +15.8% |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 7.7× | 27.3% | +6.1% |
| Dongguan Dingtong Precision Metal 688668.SS | China | $2.09B | -55% | +33% | 16% | 7.4× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 17.1× | n/a | n/a |
| Meiko Electronics 6787.T | Japan | $2.07B | -27% | +22% | 10% | 1.8× | n/a | n/a |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 2.9× | n/a | n/a |
| Xiamen Leading Optics 605118.SS | China | $2.05B | -31% | +32% | 34% | 12.9× | 20.4% | +14.8% |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 8.2× | 20.5% | +28.5% |
| Wuhu Token Science 300088.SZ | China | $2.03B | -18% | -15% | 0% | 1.9× | n/a | n/a |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 19.6× | n/a | n/a |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 2.8× | 32.7% | +6.7% |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 2.4× | 15.3% | +11.8% |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 0.7× | n/a | n/a |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 27.2× | n/a | n/a |