High Growth Tech Stocks To Watch In China October 2024

China's economy has shown signs of improvement with better-than-expected industrial production and retail sales growth, despite still facing deflationary pressures. In this context, identifying high-growth tech stocks in China involves looking for companies that demonstrate resilience and adaptability to economic shifts while capitalizing on technological advancements.

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	32.62%	32.32%	★★★★★★
Zhongji Innolight	32.62%	31.72%	★★★★★★
Range Intelligent Computing Technology Group	23.53%	29.96%	★★★★★★
Shanghai BOCHU Electronic Technology	27.82%	28.62%	★★★★★★
Cubic Sensor and InstrumentLtd	24.87%	38.87%	★★★★★★
Eoptolink Technology	43.31%	44.06%	★★★★★★
Bio-Thera Solutions	26.85%	117.16%	★★★★★★
Huayi Brothers Media	37.55%	103.97%	★★★★★★

Click here to see the full list of 256 stocks from our Chinese High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Anhui XDLK Microsystem (SHSE:688582)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Anhui XDLK Microsystem Corporation Limited focuses on the research, development, production, and sale of sensors in China, with a market capitalization of CN¥18.02 billion.

Operations: XDLK Microsystem generates revenue primarily from electronic test and measurement instruments, totaling CN¥357.73 million. The company's operations center around the development and sale of sensor technology within China.

Anhui XDLK Microsystem, a participant in China's competitive tech landscape, recently enhanced its market position through strategic maneuvers and robust financial performance. The company's commitment to innovation is evident from its R&D spending, which significantly contributes to its dynamic revenue growth of 38.3% annually. Recent events underscore this trajectory; notably, the acquisition by Anhui North Microelectronics Research Institute Group Co., Ltd of a 14% stake enhances strategic alliances and the inclusion in the S&P Global BMI Index marks a recognition of its market relevance. Furthermore, with earnings growth outpacing industry averages at 43.1%, compared to the electronic industry's -3.4%, Anhui XDLK is setting itself apart by not only focusing on expansion but also on profitability with an impressive increase in net income from CNY 40.89 million to CNY 56.45 million year-over-year.

• Dive into the specifics of Anhui XDLK Microsystem here with our thorough health report.

• Gain insights into Anhui XDLK Microsystem's past trends and performance with our Past report.

Aerospace CH UAVLtd (SZSE:002389)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aerospace CH UAV Co., Ltd focuses on the research, development, production, maintenance, and sale of capacitor films in China with a market capitalization of CN¥18.62 billion.

Operations: The company generates revenue through its activities in the research, development, production, maintenance, and sale of capacitor films within China. With a market capitalization of CN¥18.62 billion, it operates primarily in this specialized sector.

Aerospace CH UAVLtd, navigating the competitive tech sector in China, has shown a notable commitment to growth through its R&D investments. With an annual forecasted revenue growth of 24.4%, the company outpaces the broader Chinese market's 13.5% projection, underscoring its innovative edge and market adaptability. Despite a recent dip in net income from CNY 114.03 million to CNY 66.01 million as reported for the first half of 2024, Aerospace CH UAVLtd is poised for recovery with expected earnings growth of 42.9% per year, reflecting potential resilience and capability to rebound in a volatile industry environment.

• Click here and access our complete health analysis report to understand the dynamics of Aerospace CH UAVLtd.

• Learn about Aerospace CH UAVLtd's historical performance.

Eoptolink Technology (SZSE:300502)

Simply Wall St Growth Rating: ★★★★★★

Overview: Eoptolink Technology Inc., Ltd. focuses on the research, development, manufacture, and sale of optical transceivers both in China and globally, with a market cap of CN¥104.16 billion.

Operations: Eoptolink generates revenue primarily from the sale of optical communication equipment, totaling CN¥4.52 billion. The company is involved in both domestic and international markets, leveraging its expertise in optical transceivers.

Eoptolink Technology, amidst a dynamic tech landscape in China, demonstrates robust growth with a 43.3% annual revenue increase, outstripping the broader market's 13.5%. This surge is backed by significant R&D investments which have propelled innovations and efficiency across its operations. Recently, the company reported a substantial rise in net income to CNY 865.14 million from CNY 288.36 million year-over-year, reflecting strong operational execution and market penetration. Looking ahead, Eoptolink is poised to maintain momentum with strategic expansions and technological advancements poised to enhance its market position further.

• Delve into the full analysis health report here for a deeper understanding of Eoptolink Technology.

• Understand Eoptolink Technology's track record by examining our Past report.

Next Steps

• Delve into our full catalog of 256 Chinese High Growth Tech and AI Stocks here.
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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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