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Chinese ODM (original design manufacturer) that designs and builds smartphones and smart devices for other brands.
Chinese ODM (original design manufacturer) that designs and builds smartphones and smart devices for other brands.
Designs and builds phones, tablets and other devices to brands' orders, so revenue depends on those brands' shipment plans. Margins are thin because the same work can be placed with rival makers such as Wingtech and Huaqin. These H shares are the Hong Kong listing of the company also quoted as 603341.SS.
In one line: A Chinese Wingtech-style phone/device ODM.
Moat: none (scale). Commoditized ODM manufacturing business with thin margins and customer concentration.
Headquarters: Shanghai, China · Founded: 2002 · Employees: 18,655
Size Shanghai Longcheer Technology (9611.HK) is a Hong Kong Information Technology company (Telecommunications Equipment) with a market value of $1.97B, the 421st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$18.73 on 6 Nov 2026.
Performance Over six months the shares fell 13.6%, against -28.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 19 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +10.9%); the operating margin is -0.2% (peer median 4.0%).
Valuation It trades at 12.7× forward earnings against a peer median of 20.6× (2nd cheapest of 12).
Capital Return on invested capital runs 3.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$49.4B | HK$45.6B | HK$50.2B | HK$30.0B | HK$34.1B |
| Revenue growth | — | -9% | +68% | -12% | — |
| Gross profit | HK$4.79B | HK$3.76B | HK$2.80B | HK$2.76B | HK$2.72B |
| EBITDA | n/a | HK$639M | HK$470M | HK$827M | HK$853M |
| Net income | HK$575M | HK$635M | HK$543M | HK$669M | HK$652M |
| Free cash flow | -HK$525M | HK$412M | HK$401M | HK$875M | HK$471M |
| Capital expenditure | HK$1.56B | HK$1.07B | HK$767M | HK$751M | HK$1.29B |
| Total debt | HK$18.2B | HK$13.9B | HK$12.6B | HK$6.31B | HK$6.33B |
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 |
|---|---|---|---|---|---|---|
| Shanghai Longcheer Technology 9611.HK | $1.97B | -14% | +7% | 0% | 12.7× | n/a |
| Wingtech Technology 600745.SS | $2.26B | -59% | -93% | -30% | n/a | n/a |
| Compal Electronics 2324.TW | $4.15B | +8% | -4% | 1% | 12.9× | n/a |
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 | 9611.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -9.4% | 8th highest of 21 |
| 6-month return | -13.6% | -28.2% | 5th highest of 19 |
| Distance from 52-week high | -49.2% | -51.2% | 10th highest of 21 |
| Revenue growth (TTM) | +6.7% | +10.9% | 9th lowest of 21 |
| Operating margin | -0.2% | 4.0% | 7th lowest of 21 |
| Forward P/E | 12.7× | 20.6× | 2nd cheapest of 12 |
| ROIC minus cost of capital | -3.3 pp | -3.0 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Longcheer Technology 9611.HK | Hong Kong | $1.97B | -14% | +7% | 0% | 12.7× | n/a | n/a |
| MeiG Smart Technology 002881.SZ | China | $1.92B | +8% | +24% | 7% | 49.5× | n/a | n/a |
| Calix CALX | United States | $1.89B | -29% | +23% | 5% | 13.9× | 23.1% | +13.1% |
| Fibocom Wireless 0638.HK | Hong Kong | $1.89B | -48% | +9% | 2% | 16.3× | n/a | n/a |
| Shenzhen KTC Technology 001308.SZ | China | $2.09B | +3% | 0% | 3% | 20.3× | n/a | n/a |
| Skyworth Digital 000810.SZ | China | $1.85B | -15% | +28% | 1% | 23.0× | n/a | n/a |
| Wuhan Yangtze Communication Industry 600345.SS | China | $1.85B | -23% | +13% | -8% | n/a | n/a | n/a |
| Tongyu Communication 002792.SZ | China | $2.12B | -38% | +2% | -4% | 299.2× | n/a | n/a |
| Hytera Communications 002583.SZ | China | $2.17B | -20% | +4% | 7% | 19.4× | n/a | n/a |
| Beijing Tricolor Technology 603516.SS | China | $1.72B | -60% | -11% | -20% | 57.4× | n/a | n/a |
| Eastern Communications 600776.SS | China | $1.72B | -33% | +7% | -5% | n/a | n/a | n/a |
| Wingtech Technology 600745.SS | China | $2.26B | -59% | -93% | -30% | n/a | n/a | n/a |
| Jushri Technologies 300762.SZ | China | $2.31B | -45% | -17% | -91% | n/a | n/a | n/a |
| FS.COM 3355.HK | Hong Kong | $1.63B | -27% | +14% | 23% | n/a | -11.0% | +19.4% |
| Wuhan Changjin Photonics Technology 688635.SS | China | $2.39B | n/a | +28% | 39% | n/a | n/a | n/a |
| Digi International DGII | United States | $2.40B | -4% | +20% | 15% | 20.6× | 20.5% | +9.0% |
| Shenzhen SDMC Technology 0901.HK | Hong Kong | $1.61B | n/a | +33% | 10% | n/a | n/a | n/a |
| WNC 6285.TW | Taiwan | $2.41B | -29% | +30% | 5% | 10.8× | -0.5% | +12.0% |
| Shanghai HuaCe Navigation Technology 300627.SZ | China | $2.44B | -35% | 0% | 13% | 21.0× | 18.6% | +21.3% |
| CITIC Guoan Information Industry 000839.SZ | China | $1.45B | -17% | +14% | 7% | n/a | 11.3% | +7.0% |
| GN Store Nord A/S GN.CO | Denmark | $2.70B | +30% | -26% | 3% | n/a | 18.5% | +4.7% |