High Growth Tech Stocks To Watch In China This September 2024
As of September 2024, the Chinese market has been facing challenges with weak inflation data and concerns about a downward price-wage spiral, which have impacted broader market sentiment. Despite these economic headwinds, certain high-growth technology stocks continue to show potential for robust performance. In this environment, identifying strong tech stocks involves looking for companies that demonstrate resilience through innovation and adaptability to changing market conditions.
Top 10 High Growth Tech Companies In China
Name |
Revenue Growth |
Earnings Growth |
Growth Rating |
---|---|---|---|
Shanghai Baosight SoftwareLtd |
20.32% |
23.26% |
★★★★★★ |
Suzhou TFC Optical Communication |
33.08% |
31.98% |
★★★★★★ |
Xi’an NovaStar Tech |
27.95% |
31.01% |
★★★★★★ |
Zhejiang Meorient Commerce Exhibition |
26.41% |
32.59% |
★★★★★★ |
Zhongji Innolight |
32.38% |
31.76% |
★★★★★★ |
Shanghai BOCHU Electronic Technology |
27.74% |
28.58% |
★★★★★★ |
Range Intelligent Computing Technology Group |
23.53% |
29.96% |
★★★★★★ |
Eoptolink Technology |
44.39% |
42.88% |
★★★★★★ |
Bio-Thera Solutions |
26.85% |
117.16% |
★★★★★★ |
Huayi Brothers Media |
40.13% |
103.97% |
★★★★★★ |
We’re going to check out a few of the best picks from our screener tool.
Simply Wall St Growth Rating: ★★★★★☆
Overview: Sun Create Electronics Co., Ltd engages in the research and development, design, manufacture, and marketing of radar and security systems with a market cap of CN¥4.25 billion.
Operations: The company generates revenue primarily from its electronic industry segment, amounting to CN¥1.83 billion. It focuses on the research, design, manufacture, and marketing of radar and security systems.
Sun Create Electronics, a notable player in China’s tech sector, is forecasted to see significant revenue growth at 20.8% annually, outpacing the market’s 13.1%. Despite a net loss of ¥38.95 million for the first half of 2024, the company’s earnings are expected to grow by an impressive 116.93% per year over the next three years. With R&D expenses reflecting robust investment in innovation and development, Sun Create spent ¥640.82 million on research initiatives aimed at driving future profitability and technological advancements.
Simply Wall St Growth Rating: ★★★★★★
Overview: Range Intelligent Computing Technology Group Company Limited develops data centers and other technology campuses with a market cap of CN¥40.02 billion.
Operations: Range Intelligent Computing Technology Group generates revenue primarily from IDC services, amounting to CN¥6.24 billion. The company focuses on developing data centers and technology campuses.
Range Intelligent Computing Technology Group’s revenue surged to ¥3.58 billion in the first half of 2024, up from ¥1.68 billion a year earlier, reflecting a robust growth trajectory. The company’s earnings are forecasted to grow at an impressive rate of 30% annually, significantly outpacing the market’s 23% per year. Notably, R&D expenses accounted for ¥640 million in 2023, underscoring its commitment to innovation and technological advancements that could drive future profitability and market positioning.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Beijing Beetech Inc. specializes in the production and sale of smart sensors and optoelectronic instrument products, with a market cap of CN¥3.02 billion.
Operations: Beijing Beetech Inc. focuses on the production and sale of smart sensors and optoelectronic instruments. The company has a market capitalization of CN¥3.02 billion, indicating its significant presence in the industry.
Beijing Beetech reported sales of ¥353.68 million for the first half of 2024, a decrease from ¥406.43 million a year ago, with net income at ¥2.55 million compared to last year’s ¥14.32 million. Despite this, earnings are forecasted to grow at an impressive 48.5% annually, significantly outpacing the market’s 23% per year growth rate. The company’s R&D expenses were notable at ¥640 million in 2023, emphasizing its focus on innovation and technological advancements that could drive future profitability and market positioning in China’s tech landscape.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SHSE:600990 SZSE:300442 and SZSE:300667.
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