Who are Semight Instruments's main competitors?

Named competitors: Keysight Technologies (KEYS), Advantest (6857.T), Teradyne (TER), EXFO (private or unlisted). The cockpit's measured peer set (industry) also includes Halma (HLMA.L), Hangzhou Changchuan Technology (300604.SZ), Lasertec (6920.T), Chroma Ate (2360.TW), Hon Precision (7769.TW), Skyverse Technology (688361.SS).

Is Semight Instruments expensive compared with its peers?

On forward p/e it trades at 51.5× against a peer median of 24.9×, 2nd most expensive of 21 in its peer set.

← CockpitCompetitor Analysis › 688808.SS Semight Instruments Co., Ltd. Class AOpen in the cockpit ↗

Semight Instruments Co., Ltd. Class A688808.SSCompetitor analysis, valuation and peers

China · CNY·Information Technology›Electronic Equipment/Instruments

Chinese maker of test-and-measurement instruments for high-speed communications, semiconductors and optical chips.

≈ A small, China-based Keysight/Advantest for comms & optics test

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$17.0B

US dollars, full cap

$/day

$316M

20-day average traded

Fwd P/E

51.5×

forward earnings

ROIC−WACC

n/a

WACC 18.5%

Hurdle

n/a

no reverse DCF

Next earnings

117 days

3 Mar 2027

Close · CNYCN¥2,175

1Dn/a

1W-8.3%

1M-1.5%

3M-5.4%

6Mn/a

YTDn/a

1Yn/a

ATR %7.0%

52w lowhigh21.7% off high

What Semight Instruments does

Chinese maker of test-and-measurement instruments for high-speed communications, semiconductors and optical chips.

In one line: A small, China-based Keysight/Advantest for comms & optics test.

Products and services

Sampling oscilloscopes & BERTs
Source measure units / wafer test
Optical/laser diode test systems
Power semiconductor test systems

Customers

Chinese and international semiconductor/optical co

Where it sits in the supply chain

Semiconductors & optics
Test & measurement equipment
High-speed comms test instruments

What could go right

China domestic semiconductor/optics test-equipment localization
AI-driven optical networking test demand

What could go wrong

Customer capex cyclicality
Competition from established global test-equipment makers

Moat: narrow (process know-how, switching costs). Test instruments get embedded in customers' production lines; qualification cycles create sticky repeat sales.

Headquarters: Suzhou, China · Founded: 2017

Named competitors

Keysight Technologies KEYS
Advantest 6857.T
Teradyne TER
EXFO private or unlisted

Semight Instruments at a glance

Size Semight Instruments (688808.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $17.0B, the 133rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2,175 on 6 Nov 2026.

Valuation It trades at 51.5× forward earnings against a peer median of 24.9× (2nd most expensive of 21).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Semight Instruments financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	n/a	n/a	CN¥789M	CN¥276M	CN¥214M
Revenue growth	—	—	+186%	+29%	—
Gross profit	n/a	n/a	CN¥494M	CN¥164M	CN¥91.6M
EBITDA	n/a	n/a	CN¥155M	-CN¥53.3M	-CN¥32.4M
Net income	n/a	n/a	CN¥140M	-CN¥55.4M	-CN¥38.1M
Free cash flow	n/a	n/a	-CN¥26.8M	-CN¥32.2M	CN¥5.15M
Capital expenditure	n/a	n/a	CN¥112M	CN¥30.6M	CN¥2.53M
Total debt	CN¥864M	n/a	CN¥201M	CN¥40.4M	CN¥23.7M

Quarterly statements and history in the cockpit →

Semight Instruments competitors and peer comparison

Head to head with its named competitors (688808.SS vs KEYS vs 6857.T vs TER)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Semight Instruments 688808.SS	$17.0B	n/a	n/a	n/a	51.5×	n/a
Keysight Technologies KEYS	$46.3B	-24%	+26%	24%	20.3×	20.9%
Advantest 6857.T	$124B	-1%	+48%	50%	27.5×	36.4%
Teradyne TER	$34.1B	-39%	+75%	33%	20.2×	20.9%

How Semight Instruments compares with its peers

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.

Semight Instruments against its 20 peers (data as of 6 Nov 2026)
Measure	688808.SS	Peer median	Rank in peer set
1-month return	-1.5%	-15.3%	5th highest of 21
Distance from 52-week high	-21.7%	-38.7%	3rd highest of 21
Forward P/E	51.5×	24.9×	2nd most expensive of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Semight Instruments 688808.SS	China	$17.0B	n/a	n/a	n/a	51.5×	n/a	n/a
Halma HLMA.L	United Kingdom	$17.0B	-25%	+15%	20%	25.0×	21.7%	+14.4%
Hangzhou Changchuan Technology 300604.SZ	China	$17.3B	+4%	+53%	27%	46.1×	43.8%	+45.8%
Lasertec 6920.T	Japan	$18.2B	-25%	-19%	44%	28.7×	28.9%	+26.8%
Chroma Ate 2360.TW	Taiwan	$15.4B	-46%	+101%	39%	18.5×	19.3%	+12.8%
Hon Precision 7769.TW	Taiwan	$20.0B	-34%	+257%	48%	21.3×	28.2%	+31.0%
Skyverse Technology 688361.SS	China	$13.8B	+33%	+39%	-12%	563.2×	n/a	n/a
Sieyuan Electric 002028.SZ	China	$13.4B	-42%	+35%	16%	23.1×	11.1%	+23.9%
Qnity Electronics Q	United States	$24.5B	-21%	+18%	23%	20.2×	22.1%	0.0%
BOE Technology 000725.SZ	China	$25.3B	+9%	-4%	2%	21.4×	-3.9%	+8.6%
AVIC Chengdu Aircraft 302132.SZ	China	$28.0B	+4%	+3%	5%	49.6×	n/a	n/a
NVMI NVMI	United States	$9.96B	-40%	+16%	29%	25.0×	32.8%	+26.7%
Hexagon HEXA-B.ST	Sweden	$29.4B	+14%	-20%	-14%	30.0×	9.1%	+8.7%
ONTO ONTO	United States	$8.50B	-39%	+8%	20%	16.9×	29.4%	+12.6%
Cognex CGNX	United States	$8.04B	-27%	+17%	22%	24.8×	25.6%	+4.2%
Legrand LR.PA	France	$38.0B	-16%	+10%	21%	22.0×	15.6%	+9.2%
China Railway Signal & Communication 688009.SS	China	$7.39B	0%	+1%	12%	14.9×	-6.3%	-2.9%
Wuhan Guide Infrared 002414.SZ	China	$6.46B	-32%	+89%	29%	37.4×	n/a	n/a
Keysight Technologies KEYS	United States	$46.3B	-24%	+26%	24%	20.3×	20.9%	+5.0%
Novanta NOVT	United States	$5.11B	-2%	+8%	12%	33.9×	33.5%	+10.7%
INFICON IFCN.SW	Switzerland	$4.51B	0%	-2%	17%	32.8×	19.7%	+8.4%

Questions

Who are Semight Instruments's main competitors?: Named competitors: Keysight Technologies (KEYS), Advantest (6857.T), Teradyne (TER), EXFO (private or unlisted). The cockpit's measured peer set (industry) also includes Halma (HLMA.L), Hangzhou Changchuan Technology (300604.SZ), Lasertec (6920.T), Chroma Ate (2360.TW), Hon Precision (7769.TW), Skyverse Technology (688361.SS).
Is Semight Instruments expensive compared with its peers?: On forward p/e it trades at 51.5× against a peer median of 24.9×, 2nd most expensive of 21 in its peer set.