May 2026
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Largest Networking Hardware Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Foxconn Industrial Internet, Eoptolink, TE Connectivity, Suzhou TFC Optical Communication and Yangtze Optical Fibre.
 | Foxconn Industrial Internet Co Ltd is engaged in the design, research and development, manufacturing, and sales of various electronic equipment products. The company's main products include communications network equipment, cloud service equipment, precision tools, and industrial robots. | $12 | +281% | $235B | $233B | 1.7x | 29.8x | ||
| Eoptolink Technology Inc Ltd is engaged in the research & development, production, and sales of optical modules. The company's main products include point-to-point optical modules; and passive optical network optical modules. | $110 | +499% | $110B | $109B | 29.6x | 65.5x | ||
| TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations. | $215 | +27% | $63B | $67B | 3.9x | 15.6x | ||
| Suzhou TFC Optical Communications Co Ltd is engaged in High-end passive component total solutions and high-speed optical component packaging OEM solutions. | $68 | +483% | $53B | $52B | 68.3x | 140.0x | ||
| Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through three operating segments, optical fibers and optical fiber preforms; and Optical components and modules, optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets. | $45 | +939% | $37B | $37B | 17.6x | 104.0x | ||
| Hengtong Optic-Electric Co Ltd provides fiber optic communication products in China and internationally. It offers optical rods, optical fiber, optical cable, optical devices, an optical network, ocean optical network products, data communication products, power transmission products, ocean engineering, quantum security communications, rail transit, and smart city products. | $12 | +453% | $30B | $31B | 3.1x | 41.6x | ||
| ZTE Corp is a provider of integrated telecommunications and IT solutions with a full range of end-to-end ICT products and solutions integrating design, development, production, sales, and services with a special focus on carriers’ networks, government and corporate business, and consumer business. It operates in three segments Carriers’ network, Consumer Business, and Government and Corporate Business. It generates a majority of its revenue from equipment supporting carriers' networks. It has a presence in the PRC, Asia, Africa, Europe, and the Americas. It generates the majority of its revenue from the PRC region. | $5 | +13% | $24B | $27B | 1.4x | 12.5x | ||
| Huagong Tech Co Ltd produces, sells, and provides technical services for products centered on laser technology, computer software and system integration technology, and PTC technology. The company's main products include laser processing equipment and intelligent manufacturing production lines, laser holographic film series products, optoelectronic device series products, sensitive components, and others. | $22 | +223% | $22B | $22B | 10.5x | 73.4x | ||
| Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic communication and power-transmission products. Its products include power cables, fittings, insulators, arresters, conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables, lithium-ion batteries, solar cell backsheets, photovoltaic technology products, alloy materials, optical fiber, and optical cable machines. | $6 | +202% | $22B | $20B | 2.6x | 27.6x | ||
| Suzhou Centec Communications Co Ltd is engaged in research & development, design and sales of Ethernet switching chips and supporting products. | $39 | +343% | $16B | $16B | 93.6x | (929.2x) | ||
| IEIT Systems Co Ltd is a provider of IT infrastructure products, solutions, and services. Its business focuses on three fields: servers, storage, and networks. The company is committed to the innovation of digital technology along with the application and integration of digital worlds with the physical world. It is helping enterprises embark on a path of sustainable development by driving intelligent digital transformation. | $10 | +30% | $14B | $15B | 0.6x | 26.3x | ||
| Advanced Fiber Resources (Zhuhai) Ltd is a provider of passive optical components for telecommunication, fiber laser, and fiber sensor applications. The company specializes in fiber optic components and polarization maintaining components. The company designs and manufactures both standard and custom components, and also offers contract manufacturing solutions to its customers. The company's products category comprises components for industrial laser, bio-medical equipment, test equipment and others, components for optical network, and components for fiber sensing. It sells the products in China, and also exports it to the various other countries. | $47 | +591% | $12B | $12B | 53.9x | 263.4x | ||
| Shenzhen Transsion Holdings Co Ltd is engaged in the design, research & development, production, sales, and brand operation of smart terminals with mobile phones as the core. The company produces mobile phones under the TECNO, itel, and Infinix brands, offering both feature phones and smartphones. | $9 | -20% | $11B | $8B | 0.9x | 15.3x | ||
| Ruijie Networks Co Ltd is engaged in the research and development, design and sales of network equipment, network security products and cloud desktop solutions. | $9 | +6% | $10B | $11B | 5.0x | 66.0x | ||
| Fiberhome Telecommunication Technologies Co Ltd is a China-based company engaged in the manufacture and sales of communication equipment. Its main products include communication system equipment, optical fibers, cables and data networking products, such as the optical networking products, Internet protocol (IP) data products, broadband access products, optical fibers and cable products, wireless communication products and power supplies, as well as the optoelectronic devices. The company mainly distributes its products in domestic and overseas markets. | $7 | +140% | $10B | $11B | 3.0x | 17.0x | ||
| CIG Shanghai Co Ltd is an original development manufacturer of the carrier and enterprise-grade customer premise equipment. Its product offerings include wireless network equipment, smart home gateway products, telecom broadband terminals, and other products. | $26 | +274% | $9B | $9B | 12.4x | 110.3x | ||
| Quantumctek Co Ltd is engaged in production, sales and technical services of quantum communication products. The company's products include Quantum-secure Communication Network Core Equipment; Quantum-secure Application Products; Operating System Software; Core Components; and Teaching Systems & Scientific Instruments. Its solutions, products, and services are used in government, financial and energy industry, ensuring long term quantum safety to numerous users. | $81 | +103% | $8B | $8B | 173.9x | 916.1x | ||
| Far East Smarter Energy Co Ltd operates as a wire and cable manufacturer in China. The company is mainly engaged in system development, design, manufacturing, marketing and service of four major types of cable products, such as overhead wires, power cables, wire and cable for electrical equipment, and special cables. Its products are widely used in smart power, smart transportation, intelligent energy intelligent construction and other fields. | $4 | +407% | $8B | $9B | 2.1x | 69.3x | ||
| CICT Mobile Communication Technology Co Ltd is engaged in the development, application and services of mobile communication technologies. The company’s products include Antenna, RAN, CPE. Its services include Wireless Network Service, Digitization & Intelligent Service, Network Construction, Network Optimization, Digital Talent Empowerment, and Network O&M. | $2 | +183% | $8B | $8B | 8.3x | (5904.9x) | ||
| Sangfor Technologies Inc is a provider of security and cloud computing solutions and is committed to making users IT easier, safer, and more valuable. | $18 | +30% | $8B | $7B | 6.3x | 75.7x | ||
| Yealink Network Technology Corp Ltd is an Internet-based unified communications terminal solution provider that integrates R&D, sales, and services, and provides intelligent and efficient enterprise communications terminal solutions to global corporate customers through outsourcing. | $6 | +16% | $7B | $6B | 7.3x | 15.0x | ||
| Shanghai Xizhi Technology Co Ltd, along with its subsidiaries, is principally engaged in the sales of optical interconnect and optical computing hardware, solutions and related services dedicated to enhancing computing efficiency, as well as research and development activities in relation to optical interconnect and optical computing business. The company's revenue is derived from two primary sources: (i) optical interconnect business and (ii) optical computing business. The majority of reveneu is derived from the Optical interconnect business, which includes the sales of its Scale-up and Scale-out products. | $77 | -- | $7B | $7B | 456.9x | (38.8x) | ||
| Optowide Technologies Co Ltd is engaged in the production and sales of various types of precision optical components and optical fiber devices. The products are mainly used in optical communications, fiber lasers and other fields. Other application fields include quantum information scientific research, biomedicine, consumer optics and others. | $34 | +424% | $6B | $6B | 72.1x | 257.9x | ||
| Orbbec Inc is engaged in the design, research and development, production, and sales of 3D visual perception products. It provides high-performance 3D vision sensors and robotics and AI vision solutions to customers in industries such as robotics, 3D scanning, and biometrics, as well as developers, helping emerging industries unlock value and promote the intelligent upgrade of traditional industries. Its product portfolio includes monocular structured light cameras, binocular structured light cameras, LiDAR consumer devices, smart cameras, and others. | $15 | +78% | $6B | $6B | 43.3x | 248.1x | ||
| Guangzhou Haige Communications Group Inc Co is engaged in the business of Wireless communications, Beidou navigation, aerospace, software, and information services. | $2 | +17% | $6B | $6B | 9.6x | (69.4x) | ||
| Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into there operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the Hong Kong, Mexico, Mexico and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets. | $2 | +151% | $5B | $6B | 3.5x | 36.4x | ||
| Addsino Co Ltd is a China-based company engages in the development, manufacture, and distribution of command and control communication products. Its main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others. | $3 | +143% | $5B | $5B | 12.5x | (28.9x) | ||
| China Zhenhua (Group) Science & Technology Co Ltd operates in the electronic components business. Its main business involves basic components, hybrid integrated circuits, electronic functional materials and other categories. Its main products include resistors, capacitors, inductors, fuses, piezoelectric ceramic components, LTCC filters, duplexers, dielectric resonators, power dividers, motor drivers, power managers, diodes, transistors, IGBT devices, SIC devices, transformers, vacuum interrupters, relays, contactors, switches, circuit breakers, connectors, lithium-ion batteries, LTCC dielectric materials, MLCC dielectric materials, ceramic ferrite materials, piezoelectric ceramic materials, electronic pastes, etc. | $8 | +10% | $4B | $4B | 4.4x | 16.3x | ||
| Wingtech Technology Co Ltd is a China-based semiconductor and product integration company that integrates R&D, design, and production manufacturing. The company’s operations are organized into three segments. The Product Integration Business Segment focuses on designing and producing mobile internet devices, with smartphones being the core product line. The Semiconductor Business Segment is dedicated to the innovation, development, and fabrication of semiconductor components. The Other Business Segment includes various supplementary operations that support the company's overall activities. | $3 | -31% | $4B | $5B | 1.0x | 10.1x | ||
| Glarun Technology Co Ltd is involved in fields associated with electronic information technology from high starting points and focuses on the growth and development in aspects of traffic electronics, supply chain integration service, microwave and communication, software and information service, energy electronics and other relevant industries. Its business fields include Rail transit; Air traffic; Intelligent transportation and Maritime traffic. | $3 | -27% | $4B | $4B | 8.0x | 33.3x | ||
| Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules. | $8 | -38% | $3B | $3B | 0.9x | 17.2x | ||
| Jushri Technologies Inc is a manufacturer of communication and electronic equipments. | $5 | +51% | $3B | $3B | 41.6x | (336.3x) | ||
| Fibocom Wireless Inc is a Chinese wireless communication module and solutions provider. It is focused on the development of the Internet of Things (IoT) and consumer electronics. The company brand products cover LTE, NB-IoT/eMTC, HSPA, GSM/GPRS wireless communication modules and solutions. Through IoT, the company offers solutions such as wireless payment, car networking, security monitoring, mobile internet, and smart grid. | $3 | -19% | $3B | $3B | 2.7x | 34.7x | ||
| Fujian Star-Net Communication Co Ltd is a China-based company operates in the terminals and video application systems. It serves in the fields of network communication, switches, cloud computing, payment terminals, desktop clouds, wireless and broadband access, and video information applications. The company serves approximately 100 countries worldwide. Its product portfolio includes smart network, smart cloud, and smart finance. | $3 | +3% | $3B | $3B | 0.9x | 12.5x | ||
| Jiangxi Lianchuang Optoelectronic Science And Technology Co Ltd is engaged in the production and sales of optoelectronic devices and other new electronic components, information transmission cables, communication terminals and special communication switching equipment. | $5 | -40% | $2B | $2B | 4.5x | 20.2x | ||
| Hytera Communications Corp Ltd designs & manufactures professional wireless communications equipment, offering customized communication solutions to government, utility, enterprises & businesses to help achieve higher organizational efficiency. | $1 | -32% | $2B | $2B | 2.6x | 62.7x | ||
| Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries. | $2 | +33% | $2B | $2B | 5.4x | 30.3x | ||
| China Marine Information Electronics Co Ltd is a China-based company engaged in the manufacturing of intelligent optical network switching platform equipment and video surveillance systems. | $3 | -38% | $2B | $2B | 3.7x | 41.7x | ||
| Cetc Potevio Science & Technology Co Ltd formerly Gci Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication network construction technical services and products. It mainly provides public network integrated solutions and special network integrated solutions. The company's network products include network coverage products, network access equipment and communication series printed circuit boards. | $3 | -9% | $2B | $2B | 2.7x | 71.3x | ||
| Skyworth Digital Co Ltd is engaged in providing digital TV products and services. It offers Digital TV set-top boxes, digital televisions, smart networking devices, IPTV solutions, network access devices, car electronics, and car networking equipment. Geographically, the business presence of the group can be seen in India, Africa, South East Asia as well as Europe and the Americas. | $2 | -2% | $2B | $2B | 1.5x | 38.7x | ||
| Sichuan Jiuzhou Electric Co Ltd is a high-tech enterprise group featuring military-civil integration development. The company provides equipment and solutions in areas of ATC, Beidou satellite navigation and positioning service, digital TV system, IOT, wire and cable, e-commerce and software, LED lighting and display. | $2 | -17% | $2B | $2B | 3.3x | 39.1x | ||
| Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese-based company that operates in the communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication systems, maritime communication products, digital walkie-talkies and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China. | $2 | -29% | $2B | $2B | 5.7x | (34.0x) | ||
| Datang Telecom Technology Co Ltd is a China-based company engaged in the communication equipment manufacturing industry. It is involved in the manufacturing of electronic and communication equipment, mobile phone, instrument and cultural and official goods, production and sales of security and protection products and design construction of security and protection work. It also provides system integration and network engineering services. The company operates its businesses primarily in domestic market. | $1 | -4% | $2B | $2B | 11.1x | 85.5x | ||
| Chengdu CORPRO Technology Co Ltd is engaged in the manufacturing and distribution of communication and related equipment. The main products include key components of Beidou satellite navigation application, high-performance integrated circuit, Beidou satellite navigation terminal and Beidou satellite navigation and positioning application system. | $2 | -25% | $1B | $1B | 10.3x | 67.1x | ||
| Gosuncn Technology Group Co Ltd is engaged in the research and development and application of core technologies, products and solutions based on the Internet of Things and artificial intelligence and provides smart city Internet of Things products and services. | IoT+2 | $1 | +5% | $1B | $1B | 4.5x | 177.8x | |
| Genew Technologies Co Ltd is engaged in design and sales of communication system equipment, and provide customers with professional and complete customized communication technology solutions. The company's product categories include Core Network; Copper Access Network; Unified Communication; Optical Transmission Network; Optical Access Network; and Ethernet Switch. | $7 | +71% | $1B | $1B | 9.9x | 762.9x | ||
| EmbedWay Technologies (Shanghai) Corp is a supplier of DPI front-end applications and standard platforms. It provides products and solutions to various applications, such as telecommunications value-added services, internet safety, network and signaling monitoring, and communication equipment producing, among others. The products of the company are blade platform, standalone device, acceleration card, white box switches, converged computing, media processing, ATCA blade, and others. | $3 | -9% | $1B | $1B | 6.9x | 93.8x | ||
| Sumavision Technologies Co Ltd is a video and broadband solutions provider. It is engaged in the research, development, production and technical services of digital television software and hardware products. The company's products include DTV Head-end Hardware; Encoding and Transcoding; IPTV/OTT Head-end; Access Network and IPTV/OTT Terminal. | $1 | -11% | $1B | $745M | 6.9x | 37.9x | ||
| Urovo Technology Co Ltd is a industry mobile application software and hardware integrated solutions provider. The company manufacturers of Mobile Computers (PDA) and Payment Terminals. Its product categories include rugged mobile computers, Android handheld POS terminals, AIDC terminals, RFID reader, handheld barcode scanners and portable thermal printers. | $2 | -33% | $744M | $737M | 3.2x | 39.1x | ||
| UTStarcom Holdings Corp is providing telecommunication network products, solutions and services. It focus on delivering carrier-class packet optical, network synchronization and broadband access (both wireless and fixed line) products and solutions, coupled with Software Defined Networking (SDN) platform, optimized for mobile backhaul, metro aggregation, broadband access and value added services. The business activity of the firm is operated through the Equipment and Service segment. The Equipment segment is focused on equipment sales, including network infrastructure and application products, and the Service segment is engaged in providing services and support of equipment products and also the new operational support. Key revenue is generated from Equipment segment. | $3 | -2% | $26M | ($7M) | (0.8x) | 0.9x | ||
| Median | $5 | +17% | $6B | $6B | 5.2x | 37.1x |
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