Loading…
Chinese maker of interconnect systems (connectors/wiring) likely for EV batteries or electronics.
Chinese maker of interconnect systems (connectors/wiring) likely for EV batteries or electronics.
Moat: none
Headquarters: Suzhou, China · Employees: 2,380
Size Suzhou Recodeal Interconnect System (688800.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $1.47B, the 1663rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.93 on 6 Nov 2026.
Performance Over six months the shares fell 54.8%, against -7.7% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +2.3%); the operating margin is 8.7% (peer median 8.0%).
Valuation It trades at 28.7× forward earnings against a peer median of 15.0× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +39%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points below its cost of capital (12.7% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.30B | CN¥3.14B | CN¥2.41B | CN¥1.55B | CN¥1.62B |
| Revenue growth | — | +30% | +56% | -4% | — |
| Gross profit | CN¥763M | CN¥655M | CN¥499M | CN¥366M | CN¥430M |
| EBITDA | n/a | CN¥455M | CN¥280M | CN¥171M | CN¥286M |
| Net income | CN¥217M | CN¥299M | CN¥175M | CN¥137M | CN¥253M |
| Free cash flow | CN¥272M | -CN¥77.1M | -CN¥217M | -CN¥299M | -CN¥110M |
| Capital expenditure | CN¥286M | CN¥288M | CN¥291M | CN¥485M | CN¥229M |
| Total debt | CN¥2.32B | CN¥2.11B | CN¥1.03B | CN¥675M | CN¥394M |
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 | 688800.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.7% | -4.3% | 3rd lowest of 21 |
| 6-month return | -54.8% | -7.7% | lowest of 21 |
| Distance from 52-week high | -67.9% | -36.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +5.0% | +2.3% | 9th highest of 21 |
| Operating margin | 8.7% | 8.0% | 10th highest of 21 |
| Forward P/E | 28.7× | 15.0× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 26.1% | 7.1% | 4th most demanding of 17 |
| Growth delivered (Del g) | +38.9% | +7.0% | highest of 17 |
| Hurdle (Req g minus delivered) | -12.8 pp | -4.9 pp | 3rd least demanding of 17 |
| ROIC minus cost of capital | -2.3 pp | +0.9 pp | 9th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 28.7× | 26.1% | +38.9% |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 91.8× | n/a | n/a |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 14.2× | -2.3% | +6.7% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 423.6× | n/a | n/a |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 13.8× | -20.6% | +1.9% |
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 3.8× | 13.4% | +14.4% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | n/a | n/a | n/a |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 12.7× | -2.2% | +6.3% |
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% | +4.4% |
| Derichebourg DBG.PA | France | $1.42B | -24% | -3% | 5% | 8.9× | 6.8% | +6.3% |
| China National Electric Apparatus Research Institute 688128.SS | China | $1.42B | -12% | +8% | 11% | 15.5× | 4.0% | +13.5% |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 14.6× | 10.8% | +21.0% |
| Yangzhou Tinfulong 603406.SS | China | $1.53B | -25% | -4% | 12% | n/a | 7.5% | +10.6% |
| Siglent Technologies 688112.SS | China | $1.41B | -5% | +30% | 24% | 46.2× | 31.3% | +22.0% |
| Concord Biotech CONCORDBIO.NS | India | $1.40B | +2% | +4% | 28% | 38.2× | 47.1% | +11.6% |
| Wintech Nano (Suzhou) 688757.SS | China | $1.39B | -18% | +23% | 7% | n/a | n/a | n/a |
| China Security 600654.SS | China | $1.39B | -31% | -30% | -1% | n/a | 56.7% | +0.4% |
| AEM AWX.SI | Singapore | $1.55B | -18% | +15% | 11% | 23.4× | 15.4% | -5.1% |
| SBS 2384.T | Japan | $1.38B | +32% | +22% | 6% | 14.1× | -8.2% | +13.8% |
| Offcn Education Technology 002607.SZ | China | $1.56B | -36% | -2% | 13% | 38.8× | 17.7% | -27.6% |
| MEITEC 9744.T | Japan | $1.57B | +3% | +2% | 14% | 18.7× | -4.6% | +7.3% |