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600487.SS
HOLDAPPROVEHengtong Optic-Electric Co., Ltd. · Technology · China · $28.1B · Avg Vol: $2.7B/d
Hengtong Optic-Electric is a global leader in power and fiber optic cables, perfectly positioned at the intersection of global grid modernization and AI data center buildouts. As grid operators scramble to connect renewable energy and upgrade transmission capacity, demand for copper-heavy high-voltage submarine and land cables is exploding. Hengtong's vertical integration and scale provide a structural cost advantage, allowing it to capture high-margin global projects while sharing scale economics with customers.
COMPANY DESCRIPTION
Hengtong Optic-Electric is a global leader in optical fiber, cable manufacturing, and marine telecommunication networks. The company possesses a fully integrated value chain from optical preforms to subsea cable installation, positioning it as a key contractor for global telecommunications and offshore wind power grids. Its advanced technology in ultra-high voltage cables and deep-sea communication networks forms a high-barrier competitive moat.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 6.9B | 7.0B | 8.9B | 9.9B | 12.9% |
| EPS | 0.10 | 0.13 | 0.17 | 0.16 | 18.0% |
| Shares | 2.5B | 2.5B | 2.5B | 2.5B | 0.0% |
| Debt | 1.9B | 2.5B | 2.2B | 2.2B | 5.4% |
| Equity | 3.5B | 3.8B | 4.2B | 4.7B | 10.3% |
| Op CF | 126M | 275M | 482M | 415M | 48.7% |
| Inv CF | -409M | -307M | -245M | -370M | — |
| Fin CF | 264M | 342M | -157M | -131M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 600487.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600487.SS | Hengtong Optic-Electric Co., Ltd.(you) | $28.1B | 57 | HOLD |
| 6869.HK | Yangtze Optical Fibre And Cable Joint Stock Limited Company | $41.3B | 60 | HOLD |
| 002281.SZ | Accelink Technologies Co,Ltd. | $24.3B | 72 | BUY |
| 301165.SZ | Ruijie Networks Co., Ltd. | $10.6B | 59 | HOLD |
| 688702.SS | Suzhou Centec Communications Co., Ltd. | $17.1B | 45 | HOLD |
| 0763.HK | ZTE Corporation | $16.3B | 41 | HOLD |
| 300620.SZ | Advanced Fiber Resources (Zhuhai), Ltd. | $10.3B | 46 | HOLD |
| 600498.SS | Fiberhome Telecommunication Technologies Co., Ltd. | $10.4B | 36 | HOLD |
| 300394.SZ | Suzhou TFC Optical Communication Co., Ltd. | $52.4B | 86 | STRONG BUY |
| 603083.SS | CIG Shanghai Co., Ltd. | $10.8B | 34 | SELL |
Peer medians: ROE 3.8% · P/E 77.4x · Gross margin 25.9%