TacticScaleWhat Yealink Network Technology (亿联网络) Does & How It Makes Money (300628.SZ)
Updated October 2026 · reflects Yealink Network Technology's latest reported financials
Chinese maker of video conferencing, IP phones and headsets. Most of its revenue comes from selling unified communication devices (IP phones, meeting-room systems, cameras and headsets) to businesses, typically for use with platforms like Microsoft Teams, Zoom and other UC providers.
How Yealink Network Technology makes money
Most of its revenue comes from selling unified communication devices (IP phones, meeting-room systems, cameras and headsets) to businesses, typically for use with platforms like Microsoft Teams, Zoom and other UC providers. It adds device-management cloud services, system integration and support services on top.
What Yealink Network Technology does
Yealink Network Technology, founded in 2001 and based in Xiamen, China, makes enterprise communication and collaboration hardware. Its product lines include IP phones (desk, conference, DECT, Wi-Fi and 4G models), meeting-room video systems, USB cameras, room audio devices, and wireless and wired headsets. Many of these are built for Microsoft Teams and Zoom, and they also work with other platforms such as RingCentral, 3CX and Broadsoft. On top of its devices, Yealink offers device-management platforms and cloud services, room solutions for small to extra-large spaces, and solutions for industries like finance, education, healthcare and manufacturing. It supports customers with pre-sale, after-sale and training services through Yealink Academy. The company sells in Europe, the Americas and other international markets, so its business depends on companies spending on office and hybrid-work communication tools.
Products & services
- Microsoft Teams Rooms and Zoom Rooms systems
- IP desk phones and DECT phones
- Conference phones and speakerphones
- Bluetooth, DECT and wired headsets
- USB cameras and BYOD kits
- Device management cloud platform
亿联网络是做什么的？
亿联网络成立于2001年，总部位于厦门，是一家企业通讯与协作硬件公司。产品包括IP电话（桌面、会议、DECT、Wi-Fi及4G话机）、会议室视频会议系统、USB摄像头、会议室音频设备以及无线和有线耳机。许多产品适配微软Teams和Zoom，也可用于RingCentral、3CX、Broadsoft等平台。 除硬件外，公司还提供设备管理平台和云服务、覆盖小型到超大型会议室的方案，以及面向金融、教育、医疗、制造等行业的解决方案，并通过售前、售后及Yealink Academy培训提供支持。业务覆盖欧洲、美洲及其他国际市场，与企业在办公及混合办公通讯上的投入密切相关。
What is Yealink Network Technology worth?
On an owner-earnings DCF, Yealink Network Technology's most-likely value is about ¥15 versus a recent price near ¥39 (168% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥6) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ Capital-intensive — this business reinvests heavily, so free cash flow runs well below its earnings. Fair value here is built on free cash flow, which understates owner earnings for reinvestment-heavy companies — read it as conservative.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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