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Once one of China's largest CNC machine tool makers, restructured after financial distress and now under new ownership.
Once one of China's largest CNC machine tool makers, restructured after financial distress and now under new ownership.
Sells machine tools to manufacturers as capital equipment, so orders follow factory-investment cycles and are often paid in stages. After a debt restructuring, China General Technology Group, a central state-owned group, took control and is rebuilding the business.
Moat: none. Lost technology and financial leadership after a period of debt distress; now rebuilding.
Headquarters: Shenyang, China · Founded: 1935 · Employees: 3,975
Size Shenyang Machine Tool (000410.SZ) is a China Industrials company (Industrial Machinery) with a market value of $2.11B, the 1201st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.31 on 6 Nov 2026.
Performance Over six months the shares fell 13.8%, against -5.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 19 in its peer set.
Growth Revenue grew 29.0% over the last twelve months (peer median +8.9%); the operating margin is -3.1% (peer median 11.8%).
Valuation It trades at 3.2× enterprise value to sales against a peer median of 2.6× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.5 points below its cost of capital (6.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.93B | CN¥3.73B | CN¥3.69B | CN¥1.49B | CN¥1.65B |
| Revenue growth | — | +1% | +148% | -10% | — |
| Gross profit | CN¥584M | CN¥500M | CN¥408M | CN¥63.1M | CN¥195M |
| EBITDA | n/a | CN¥136M | CN¥15.0M | -CN¥106M | -CN¥15.6M |
| Net income | -CN¥21.7M | -CN¥9.59M | CN¥80.5M | CN¥34.8M | CN¥25.8M |
| Free cash flow | CN¥179M | CN¥461M | CN¥72.3M | CN¥119M | -CN¥326M |
| Capital expenditure | CN¥41.3M | CN¥37.1M | CN¥116M | CN¥30.1M | CN¥68.9M |
| Total debt | CN¥1.42B | CN¥1.33B | CN¥1.41B | CN¥1.45B | CN¥1.77B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shenyang Machine Tool 000410.SZ | $2.11B | -14% | +29% | -3% | 3.2× | 25.3% |
| Qinchuan Machine Tool & Tool Group Share 000837.SZ | $1.46B | -14% | +8% | -4% | 2.3× | n/a |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 0.9× | 12.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000410.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | +0.9% | 8th highest of 21 |
| 6-month return | -13.8% | -5.2% | 7th lowest of 19 |
| Distance from 52-week high | -42.0% | -19.6% | 8th lowest of 21 |
| Revenue growth (TTM) | +29.0% | +8.9% | 5th highest of 21 |
| Operating margin | -3.1% | 11.8% | 3rd lowest of 21 |
| EV / Sales | 3.2× | 2.6× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 25.3% | -1.4% | 3rd most demanding of 15 |
| Growth delivered (Del g) | +22.7% | +7.8% | 2nd highest of 15 |
| Hurdle (Req g minus delivered) | +2.6 pp | -8.2 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -6.5 pp | +2.6 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenyang Machine Tool 000410.SZ | China | $2.11B | -14% | +29% | -3% | 3.2× | 25.3% | +22.7% |
| Burckhardt Compression BCHN.SW | Switzerland | $2.07B | -3% | -15% | 13% | 1.6× | -7.8% | +9.9% |
| Chenbro Micom 8210.TW | Taiwan | $2.06B | -57% | +54% | 23% | 2.3× | 0.3% | +23.9% |
| Guangdong Topstar Technology 300607.SZ | China | $2.05B | -1% | +20% | 7% | 4.8× | 31.0% | -1.8% |
| Miura 6005.T | Japan | $2.05B | -11% | +6% | 11% | 1.0× | -4.3% | +14.8% |
| Shenzhen Hongfuhan Technology 301086.SZ | China | $2.04B | -23% | +58% | 14% | 11.2× | n/a | n/a |
| Direct Drive Tech 6731.HK | Hong Kong | $2.02B | n/a | +253% | -38% | 50.8× | n/a | n/a |
| Landis+Gyr LAND.SW | Switzerland | $2.01B | +17% | -22% | 25% | 2.1× | -10.2% | -5.7% |
| Max 6454.T | Japan | $2.01B | +1% | +11% | 18% | 2.6× | 2.4% | +9.2% |
| Kunshan Kersen Science & Technology 603626.SS | China | $2.22B | +7% | -24% | -22% | 6.5× | n/a | n/a |
| Wuxi Autowell Technology 688516.SS | China | $2.22B | -42% | -14% | 8% | 2.9× | n/a | n/a |
| Xi'an Shaangu Power 601369.SS | China | $2.00B | -22% | -5% | 7% | 0.7× | -11.1% | +3.2% |
| Kaishan 300257.SZ | China | $2.00B | -56% | +12% | 15% | 3.9× | n/a | n/a |
| Enerpac Tool EPAC | United States | $1.99B | +9% | +6% | 20% | 3.1× | 3.8% | +4.3% |
| Makino Milling Machine 6135.T | Japan | $1.99B | +35% | +17% | 12% | 1.1× | -3.2% | +17.5% |
| CIMC Enric 3899.HK | Hong Kong | $1.96B | -32% | +6% | 4% | 0.4× | -4.7% | +15.6% |
| Kalmar KALMAR.HE | Finland | $2.27B | -7% | +7% | 12% | 1.1× | -4.8% | -3.6% |
| LMW LMW.NS | India | $1.93B | +14% | +19% | 4% | 4.5× | n/a | n/a |
| Zhuhai Bojay Electronics 002975.SZ | China | $2.32B | -13% | +71% | 18% | 5.9× | 34.2% | +6.0% |
| Midera Food Processing MFP | United States | $1.92B | n/a | +11% | 14% | 2.5× | 0.9% | +10.5% |
| Chervon 2285.HK | Hong Kong | $2.32B | +103% | -6% | 8% | 1.3× | 12.1% | +6.4% |