May 2026
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Largest Consumer Electronics Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Xiaomi, Lenovo, Huaqin Technology, TCL and Shenzhen Sunway.
 | Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses a customized Android operating system called HyperOS and has recently designed its own system-on-chip. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India, and is gaining market share in Europe. From 2020 to 2024, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company was listed on the Hong Kong market at the beginning of July 2018. | $4 | -51% | $97B | $88B | 1.3x | 9.6x | ||
| Lenovo is a global technology hardware company with a leading market share in personal computers. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 13% of overall sales in fiscal 2024, from 6% in 2015. | $3 | +182% | $42B | $42B | 0.6x | 11.5x | ||
| Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing, and operation of intelligent hardware products. The company operates four businesses: smart terminal business; high-performance computing business; automotive electronics and industrial products business; and artificial intelligence & internet of things (AIoT) business. | $17 | +47% | $19B | $20B | 0.8x | 20.9x | ||
| TCL Technology Group Corp is a consumer electronics company in China. The company mainly operates its business through four segments. The Semiconductor display business segment focuses on R&D, production, and sales of display panels and modules, and full display processing operations. The New Energy Photovoltaic and Other Silicon Materials Business segment involves producing and selling various silicon-based materials, devices, and new energy products, and operating photovoltaic power plant projects. The Distribution Business segment covers the sales of computers, software, tablets, mobile phones, and other electronics. The Other Businesses segment encompasses industrial finance and investment activities, along with providing technology development and patent maintenance services. | $1 | +4% | $14B | $31B | 1.1x | 5.3x | ||
| Shenzhen Sunway Communication Co Ltd is operating in the communication industry. The company is primarily focusing on the research and development, manufacturing, sales and marketing of the mobile terminal antennas and related modules, acoustic modules and connectors with high electromagnetic compatibility. Its products offering include mobile antenna, precision metal parts, MIM metal parts, acoustics and new materials products. Its products mainly apply to consumer electronic fields like smartphone/tablet PC, smart wearable devices, smart home/IoT and smart automobiles, and primarily expand the supporting capability towards industry, automobile, and military fields. | $14 | +318% | $13B | $13B | 10.2x | 57.7x | ||
| Goneo Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light. | $6 | -12% | $11B | $9B | 3.7x | 11.2x | ||
| Arashi Vision Inc is engaged in research and development, production and sales of panoramic cameras, sports cameras and other intelligent imaging equipment. Its products include Insta 360 X5, Insta 360 Ace Pro 2, Insta 360 X4, etc. | $25 | +1% | $10B | $9B | 6.5x | 68.2x | ||
| Anker Innovations Technology Co Ltd is engaged in independent research and development, design, and sales of its own-brand mobile device peripherals, smart hardware products, and other consumer electronic products. The company offers charging and energy storage products, smart innovation products, and smart audio and video products. Its charging and energy storage line includes digital charging devices and accessories under the Anker brand, along with home photovoltaic and storage solutions under the Anker SOLIX series. | $17 | +5% | $9B | $9B | 2.0x | 19.1x | ||
| Shenzhen MTC Co Ltd is a China-based company that manufactures and designs LCD TVs, set-top boxes, LED components and components, network communications terminals and internet entertainment products. | $2 | +175% | $8B | $8B | 3.0x | 17.5x | ||
| Hisense Visual Technology Co Ltd is engaged in the distribution and servicing of home appliances, telecommunications, green energy-saving refrigeration technology, and information technologies. Its brand includes Kelon, Ronshen, Vidaa among others. | $4 | +15% | $5B | $3B | 0.3x | 4.1x | ||
| Sichuan Changhong Electric Co Ltd is a China-based manufacturer and distributor of electronics and home appliances. It specializes in research and development, manufacturing, and marketing of various series of products, including TVs, refrigerators, air conditioners, cell phones, electronic components, compressors, and IT-integrated service businesses represented by mass distribution of digital products and cloud computing value-added services. | $1 | -25% | $5B | $4B | 0.2x | 6.0x | ||
| TCL Electronics Holdings Ltd is an investment holding company. Along with its subsidiaries, it mainly manufactures and sells television (TV) sets, smartphones, smart connected devices, smart commercial displays, and smart home products. In addition, it is involved in all-category marketing, photovoltaic business, and providing internet platform operating services. The company's reportable operating segments are TV, Internet business, Smart mobile, connective devices and services, All-category marketing, Photovoltaic business, and Smart commercial display, smart home, and other businesses. A majority of its revenue is derived from the TV segment. Geographically, the company generates maximum revenue from Mainland China, followed by Europe, North America, and other regions. | $2 | +49% | $5B | $3B | 0.2x | 4.3x | ||
| Ugreen Group Ltd is engaged in Research & Development, designing, producing and selling 3C consumer electronic products. Its products include UGREEN USB4 Thunderbolt Expansion Dock, MagSafe 3-in-1 Wireless Charger, HiTune T3 Noise Cancelling Bluetooth Headphones, HDMI Live Video Capture Card, Greenlink Star Mobile Energy Storage Power Supply GS1200, Private Cloud Storage DX4600, New national standard lightning and electricity protection socket, Portable Wireless Bluetooth Mouse, and others. | $10 | +38% | $4B | $4B | 2.9x | 29.4x | ||
| Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices, and others. | $13 | +177% | $3B | $3B | 7.5x | 30.9x | ||
| Hangzhou EZVIZ Network Co Ltd is engaged in providing smart life solutions based on visual interaction. It also provides open cloud platform services for managing IoT devices. | $4 | -11% | $3B | $3B | 3.0x | 21.3x | ||
| Shanghai Longcheer Technology Co Ltd is engaged in the design, R&D, manufacturing, and service of terminals such as smartphones, tablets, AI PCs, XR, AIoT products, and automotive electronics. | $6 | -5% | $3B | $2B | 0.4x | 13.6x | ||
| DBG Technology Co Ltd is a China-based company engages in the manufacture of mobile electronic parts. The company manufacture, assemble, test, and fulfill contract electronic manufacturing needs, including tablet computers, smartphones, network gateways, automotive OBDs and electronics, optical fiber network terminals, advanced LED lighting modules, Bluetooth-enabled devices, notebook computers, all-in-one computers, GPS trackers, TV set-top boxes, and remote trainers for dogs. | $3 | -9% | $3B | $3B | 1.9x | 16.1x | ||
| Shanghai Flyco Electrical Appliance Co Ltd is a China-based company engaged in the manufacturing and marketing of shaver and personal care electrical appliances. Its product portfolio comprises of the shaver, hair drier, hair clipper, hair straightener, hair curler, electric iron, garment steamer, lint remover, nose hair trimmer, robot vacuum cleaner and others. The company's products are sold in China and other countries. | $6 | +9% | $2B | $2B | 3.8x | 19.5x | ||
| Shenzhen KTC Technology Co Ltd is engaged in the research and development, production and sales of smart display products. | $3 | -1% | $2B | $2B | 1.2x | 18.6x | ||
| Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries. | $2 | -12% | $1B | $1B | 2.8x | 10.7x | ||
| Shenzhen Fenda Technology Co Ltd is a China-based company engaged in the designs and manufacturing of audio and electro-acoustic devices for global consumers. It offers hardware and integrated solutions to provide services for software development, hardware design, and cloud technology. The product portfolio of the company includes speakers, headphones and other related accessories. | $1 | -16% | $1B | $2B | 4.0x | 69.1x | ||
| Telling Telecommunication Holding Co Ltd is mainly engaged in mobile phone distribution, retail, and after-sales service in China. It is also China Mobile's and China Unicom's main mobile phone and related service supplier. | $1 | -15% | $1B | $3B | 0.2x | 30.1x | ||
| Guangzhou Pearl River Piano Group Co Ltd is an independent Chinese musical instrument manufacturing company. It primarily manufactures and sales pianos in China. The company also exports its products to approximately 100 countries and regions. It offers pianos under the Kayserburg, Ritmuller and Pearl River brand names. | $1 | +21% | $1B | $1B | 13.9x | (29.4x) | ||
| Bear Electric Appliance Co Ltd is engaged in the design, processing, manufacturing and sale of household appliances, electronic products and accessories, maternity and children's products, daily necessities and other related products. | $6 | -- | $863M | $532M | 0.7x | 4.9x | ||
| Shenzhen Rapoo Technology Co Ltd is a China-based company engaged in the research and development, manufacture and distribution of computer peripheral equipment. Its products portfolio consists of mice, such as wireless laser mouse, wireless touch mouse, wireless optical mouse, Bluetooth optical mouse, and others; keyboards, such as wireless optical combos, wireless multi-media touchpad keyboards, wireless ultra-slim keyboards and others, as well as other peripheral equipment. The company distributes its products within domestic market and to overseas markets. | $3 | -- | $753M | $717M | 10.6x | 391.4x | ||
| Shenzhen Aoto Electronics Co Ltd is mainly engaged in LED display system and electronic receipt system development, design, production, sale and related professional services in China. Its LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. | $1 | -- | $652M | $603M | 5.4x | 139.6x | ||
| Guangdong Qunxing Toys JSC Ltd is a China-based company engaged in developing, designing, producing and selling electrical toys. The company's main products include baby car series, children computer, baby toys, electric car series, mobile phone series, and others. | $1 | -25% | $568M | $547M | 7.9x | 150.2x | ||
| Hailun Piano Co Ltd is engaged in manufacturing of piano parts. The products of the company include grand piano and upright pianos. | $2 | -- | $478M | $527M | 29.0x | (48.3x) | ||
| Viomi Technology Co Ltd, along with its subsidiaries, specializes in the development and sale of Internet-of-Things-enabled smart home products, particularly focusing on home water solutions. The company markets its products in China and generates the majority of its revenue through the sale of smart water purification systems and other connected home devices designed to improve convenience and automation in residential settings. Its product offerings include water purification products, water heaters, smart water kettles, electric kettles, water filters, range hoods, gas stoves, and other small appliances. | $1 | -30% | $64M | ($88M) | (0.2x) | (3.5x) | ||
| Coolpad Group Ltd is an investment holding company that develops and provides integrated solutions for smartphone sets, mobile data platform systems, and value-added businesses in Mainland China and internationally. The company operates in three segments: Mobile Phone, Property Investment, and Cryptocurrencies business segment. The Mobile Phone segment, which derives the majority of revenue, engages in the research, development, production, and sale of mobile phones and related accessories and the provision of wireless application service, and the Property Investment segment invests in properties for rental income potential and for capital appreciation. The company generates a majority of its revenue from Mainland China. | $0 | -- | $40M | $165M | 4.7x | (37.1x) | ||
| UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including Mexico, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets. | $1 | -100% | $2M | ($30M) | (0.8x) | 0.3x | ||
| Median | $3 | +0% | $3B | $3B | 2.8x | 16.1x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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