High Growth Tech Stocks to Watch in China September 2024
With Chinese equities showing a positive trend despite recent economic challenges, the tech sector remains a focal point for investors looking to capitalize on high-growth opportunities. In this dynamic environment, identifying stocks with strong fundamentals and innovative potential is crucial for navigating the evolving market landscape.
Top 10 High Growth Tech Companies In China
Name |
Revenue Growth |
Earnings Growth |
Growth Rating |
---|---|---|---|
Xi’an NovaStar Tech |
27.95% |
31.01% |
★★★★★★ |
Zhejiang Meorient Commerce Exhibition |
26.41% |
32.59% |
★★★★★★ |
Suzhou TFC Optical Communication |
32.61% |
31.67% |
★★★★★★ |
Shanghai BOCHU Electronic Technology |
27.74% |
28.58% |
★★★★★★ |
Zhongji Innolight |
32.37% |
31.70% |
★★★★★★ |
Range Intelligent Computing Technology Group |
23.53% |
29.96% |
★★★★★★ |
Eoptolink Technology |
43.76% |
42.52% |
★★★★★★ |
DongHua Testing Technology |
31.46% |
35.81% |
★★★★★★ |
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: Hangzhou EZVIZ Network Co., Ltd. engages in the manufacture and sale of smart home products in China and internationally, with a market cap of CN¥20.74 billion.
Operations: The company generates revenue primarily from smart home cameras (CN¥2.92 billion), IoT cloud platforms (CN¥970.40 million), and other smart home products. Accessories products contribute CN¥361.32 million, while the overall business includes a segment adjustment of CN¥40.12 million.
Hangzhou EZVIZ Network, recently added to the S&P Global BMI Index, showcases robust growth with a 33.1% increase in earnings over the past year, outpacing the electronic industry’s average. With R&D expenses consistently fueling innovation—evident from its 23.2% projected annual profit growth—the company is strategically positioned for sustained advancement in tech. Despite a competitive market, its revenue forecast at 18.1% annually surpasses China’s market average of 13.1%, reflecting strong demand and effective market penetration strategies. In their latest financial disclosure, EZVIZ reported a significant rise in half-year sales to CNY 2.58 billion from CNY 2.29 billion year-over-year, coupled with an increase in net income to CNY 281.66 million. This financial health is underpinned by substantial investment in technology development, aligning with industry shifts towards more integrated tech solutions—a move that promises continued relevance and potential leadership in high-growth sectors within China’s tech landscape.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Qi An Xin Technology Group Inc., a cyber-security company, provides cybersecurity products and services for government, enterprises, and other institutions in China and internationally with a market cap of CN¥15.75 billion.
Operations: Qi An Xin Technology Group generates revenue primarily from the information security industry, amounting to CN¥5.74 billion. The company focuses on providing cybersecurity solutions to various sectors including government and enterprises both domestically and internationally.
Qi An Xin Technology Group, amidst a challenging market, has demonstrated resilience with its recent performance. Despite a revenue dip to CNY 1.78 billion from CNY 2.48 billion year-over-year, the company managed to reduce its net loss slightly from CNY 880.07 million to CNY 820.41 million, showing signs of operational improvement and cost management effectiveness. Significantly, the firm’s commitment to innovation is evident in its R&D spending which remains robust in pursuit of technological advancements in cybersecurity solutions—a sector increasingly critical as digital transformations accelerate across industries globally. This strategic focus is underscored by an anticipated earnings growth of 37.6% per year, outpacing the broader Chinese market forecast of 23%, suggesting potential for future recovery and growth despite current headwinds.
Simply Wall St Growth Rating: ★★★★★☆
Overview: Wus Printed Circuit (Kunshan) Co., Ltd. specializes in the research, development, design, manufacture, and sale of printed circuit boards in China and has a market cap of CN¥66.99 billion.
Operations: Wus Printed Circuit (Kunshan) Co., Ltd. generates its revenue primarily from the PCB business, which accounts for CN¥10.18 billion, while house sale income contributes CN¥3.94 million. The company’s operations are focused on the printed circuit board sector in China.
Wus Printed Circuit (Kunshan) demonstrates a robust trajectory in the high-tech sector, evidenced by a significant revenue jump to CNY 5.19 billion, up from CNY 3.59 billion year-over-year. This growth is complemented by an impressive increase in net income to CNY 1.14 billion, marking a substantial improvement from the previous year’s CNY 492.61 million. The company’s commitment to innovation is highlighted by its R&D expenses which are crucial for sustaining its competitive edge in the rapidly evolving tech landscape of China. Notably, Wus Printed Circuit has projected earnings growth of 23.3% per annum, outstripping broader market expectations and underscoring its potential as a leader in technological advancements within the region.
Where To Now?
Looking For Alternative Opportunities?
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:688475 SHSE:688561 and SZSE:002463.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com