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002281.SZ Shenzhen Stock Exchange Integrated Telecommunications Services

Accelink Technologies Co Ltd

¥205,40
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Mcap
170,0B CNY
P/E
204,2x
EV / Rev
16,2x
Div yield
0,00 %
Op margin
7,9 %
ROE
7,9 %
Net margin
7,3 %
Debt / equity
0,04
Beta
52w range
Volume
Day range
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Open
Next earnings
Ex-dividend
TR 1Y
About

Accelink Technologies Co Ltd operates in the Integrated Telecommunications Services industry, providing telecommunications-related products and services.

Business. Accelink Technologies Co Ltd (002281.SZ) is an integrated telecommunications services provider listed on the Shenzhen Stock Exchange. The company operates within the telecommunications services sector, focusing on integrated telecommunications activities. Specific details regarding its operating segments and geographic presence are not available.

Classification66 %
SectorTelecommunications Services
IndustryIntegrated Telecommunications Services
Generated · model-assisted
Sell-side consensus
HOLD7 analysts
5 buy0 hold2 sell
Avg 12m price target128,00

Analyst recommendations

7 analysts · consensus Hold
Buy5
Hold0
Sell2
12-month price target
128,00
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
204,2x
P/E
Analysts
Hold
7 analysts · indicative
Ownership
not yet wired
Profitability
7,9 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 002281.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services · THIS SECTOR+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 002281.SZ. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Accelink Technologies Co Ltd (002281.SZ) is an integrated telecommunications services provider listed on the Shenzhen Stock Exchange. The company operates within the telecommunications services sector, focusing on integrated telecommunications activities. Specific details regarding its operating segments and geographic presence are not available.

    Classification66 %
    SectorTelecommunications Services
    IndustryIntegrated Telecommunications Services
    AI synthesis
    GENERATED

    Accelink Technologies maintains a conservative capital structure with a debt-to-equity ratio of 0.04 and a current ratio of 2.23, indicating strong short-term liquidity coverage. Total equity stands at CNY 10.09 billion against total liabilities of CNY 6.26 billion, with long-term debt limited to CNY 425.8 million. Despite these strong balance sheet metrics, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting potential working capital constraints or significant cash equivalents not fully offsetting debt obligations in the risk model.

    Profitability metrics show a return on equity (ROE) of 7.89% and a return on assets (ROA) of 4.87%. The company generated CNY 946.3 million in net income on CNY 11.93 billion in revenue, resulting in a net margin of approximately 7.9%. Operating income was CNY 1.03 billion, while gross profit reached CNY 2.49 billion, indicating a gross margin of roughly 20.8%. Without cohort median data provided, these returns must be evaluated against the high valuation multiples; the P/E ratio of 242.75 and EV/EBITDA of 225.07 suggest the market is pricing in significant future growth or strategic value beyond current earnings power.

    Key takeaways
    • Valuation multiples are extremely high, with a P/E of 242.75 and EV/EBITDA of 225.07, implying significant growth expectations or strategic premium.
    • Balance sheet is strong with low debt-to-equity (0.04) and high current ratio (2.23), but risk flags note negative net cash after debt.
    • Analyst consensus is bullish with a mean recommendation of 2.57, but price targets (mean CNY 128.00) suggest the current price of CNY 233.45 is overvalued relative to analyst estimates.
    • No dilution risk is present as basic and diluted shares are identical, and dilution risk is assessed as low.
    • Profitability is modest with ROE of 7.89% and ROA of 4.87%, which may not justify the high valuation without substantial growth.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Revenue surged 44.2% year-over-year to CNY 11.9 billion in FY2026, demonstrating robust top-line growth momentum.

    Net income grew 43.1% to CNY 946 million in FY2026, indicating strong profitability expansion alongside revenue gains.

    Free cash flow increased 338.2% to CNY 342 million in FY2026, highlighting significant improvement in cash generation.

    Debt-to-equity ratio of 0.04 is well below the 0.46 cohort median, signaling a conservative and low-leverage capital structure.

    BEAR CASE · 3

    Seven analysts recommend a 'hold' rating, indicating limited near-term upside potential despite recent financial growth.

    Medium liquidity risk flags potential challenges in trading volume or market depth for the stock.

    Free cash flow dropped significantly in FY2025 before recovering, showing volatility in cash generation consistency.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-04-22
    Q1 2026 · Quarter highlights

    Revenue ¥2.77B, +24,8% YoY; Operating income +63,1% YoY.

    Revenue¥2.77B+24,8 % YoY
    Operating income¥270.8M+63,1 % YoY
    Net income¥239.9M+59,8 % YoY
    Free cash flow
    EPS
    Operating cash flow¥195.6M+273,8 % YoY
    Financials
    Income statement
    Revenue¥2.77B
    Gross profit¥736.2M
    Operating income¥270.8M
    Net income¥239.9M
    Margins
    Gross margin26.5%
    Operating margin9.8%
    Net margin8.7%
    FCF margin
    Balance sheet
    Total assets¥18.26B
    Total liabilities¥7.92B
    Total equity¥10.34B
    Cash & equivalents¥4.19B
    Long-term debt¥296.9M
    Cash flow
    Operating cash flow¥195.6M
    CapEx-¥288.8M
    Free cash flow
    SBC
    P&L flow · revenue → net income
    Revenue ¥2.77BOperating costs ¥2.50BTax ¥30.8MNet income ¥239.9M
    Highlights
    • Revenue ¥2.77B, +24,8% YoY
    • Operating income +63,1% YoY
    • Net income +59,8% YoY
    • Net margin 8.7%

    Valuation FY

    Market price
    ¥205,40
    Market cap
    ¥193.20B
    Enterprise value
    ¥193.62B
    P/E
    204.2x
    Non-GAAP P/E
    EV / Revenue
    16.2x
    EV / Op income
    188.7x
    EV / OCF
    118.9x
    P / B
    19.1x
    P / Tangible book
    19.1x
    Tangible book
    ¥10.09B
    Net cash
    -¥425.8M
    Current ratio
    2.2
    Debt / equity
    0.0
    ROA
    4.9%
    ROE
    7.9%
    Cash conversion
    205.0%
    CapEx / revenue
    -7.6%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Optical Lasers
    low · llm_fanout_v2
    Optical Networking Equipment
    low · llm_fanout_v2
    Optical Transceivers
    low · llm_fanout_v2

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 49 %
    EPS
    Consensus EPS
    2,05
    Predicted surprise
    -0,08
    Beat probability
    49 %
    Analysts
    7
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio 0,08 · as of 2026-07-11 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate2,05
    Revenueno estimateno estimate16,2B CNY
    Operating incomeno estimateno estimate2,0B CNY
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution7 analysts
    Strong buy1
    Buy4
    Hold0
    Sell1
    Strong sell1
    12-month price target¥128,00 · Median ¥137,00
    Low ¥79,50High ¥166,00
    Operating income · consensus2,0B CNY
    EPS surprise
    −41,6 %
    reported vs consensus · miss
    Revenue surprise
    −26,3 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low¥79,50
    Mean¥128,00
    Median¥137,00
    High¥166,00
    Spot¥205,40
    −37.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin7,9 %Below median
    Net Margin7,3 %Above median
    ROE7,9 %Above median
    Capex / Rev-7,6 %Above median
    D/E0,04Above P75
    Cash Conv2,05Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    • Return On Assets
      net_income / total_assets
    • Price To Tangible Book
      market_price / (tangible_book_value / shares_outstanding_diluted)
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    Source documents
    • Accelink Technologies Co Ltd Market data — financials · 2026-07-11
    • Accelink Technologies Co Ltd Market data — analyst estimates · 2026-07-11
    • Accelink Technologies Co Ltd Market data — ESG · 2026-07-11
    • Accelink Technologies Co Ltd — company reference export (2026-07-05) · 2026-07-11

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    002281.SZCanonical
    Shenzhen Stock Exchange · CNY

    Intel & risk

    PredictorBeat prob49 %Surprise-0,08Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-04-22 16:28 UTCEARNINGSQuarterly results — Q1 2026 Revenue CNY 2.77B · Net CNY 239.9M
    2026-04-22 16:28 UTCEARNINGSQuarterly results — Q1 2026 Revenue CNY 3.40B · Net CNY 227.3M
    2026-04-22 16:28 UTCEARNINGSAnnual results — FY 2026 Revenue CNY 11.93B · Net CNY 946.3M
    2025-04-23 16:29 UTCEARNINGSQuarterly results — Q1 2025 Revenue CNY 2.89B · Net CNY 197.3M
    2025-04-23 16:29 UTCEARNINGSAnnual results — FY 2025 Revenue CNY 8.27B · Net CNY 661.3M
    2024-04-25 17:18 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 6.06B · Net CNY 619.3M
    2023-04-25 19:31 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 6.91B · Net CNY 608.4M
    2022-04-14 15:19 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 6.49B · Net CNY 567.3M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage