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Accelink Technologies Co

002281.SZ
57
Communication Equipment · Technology
Price
¥167.70
-5.78 (-3.33%)
Market Cap
¥132.22B
Exchange
Shenzhen Stock Exchange
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Exceptional
Cash Flow
Weak
Stability
Exceptional
Valuation
Good
Dividends
Good
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Share count rising — dilution

+18.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 667.4M (2021) → 788.6M (2025)

§Winston Score History

The full picture

Accelink Technologies Co., Ltd. is a Chinese enterprise specializing in the entire lifecycle of optoelectronic devices and subsystems, encompassing research, development, manufacturing, sales, and service. The company offers a wide range of products, including advanced transmission components such as CFPx transceivers, optical amplifiers, passive optical components, SFP/XFP modules, and ICRs. Its portfolio also features comprehensive solutions for data communication, network access, and mobile broadband. Additionally, Accelink provides sophisticated integrated WDM systems, optical line protection and monitoring tools, ultra-long haul networking equipment, optical TAPs, network packet brokers (NPBs), fiber capacity multiplication technologies, and serial device servers. Established in 1976, the company is headquartered in Wuhan, People's Republic of China.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+27.0% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+48.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥1.0B/ year

↑ Rising (+58% vs prior year)

8.7% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Cash Runway

~10 months

¥6.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

Accelink Technologies Co is growing revenue at 27% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
23.2%
Thin — 23.2% gross margin
Profit after running costs
Operating Margin
9.6%
Modest — 9.6% operating margin
Return on the money invested
ROCE
7.3%
Weak — 7.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+27.8%
Fast-growing sales (+27.8% YoY)
Profit growth
EPS YoY
+38.7%
Earnings growing fast (+38.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
43%
Weak — only 43% of profit becomes cash
Spare cash per sale
FCF Margin
-4.5%
Burning cash (-4.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.17
Conservative — low debt load (0.17)
Covers its interest
Interest Cover
183.44x
Comfortably covers interest (183.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
114.1x
Expensive — P/E 114.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+34.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (114.1 → 79.3)

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Dividends

Dividend
Dividend Yield
0.16%
Small dividend — 0.16% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+23.5%
Dividend growing fast (23.5% YoY)

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