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NORINCO-controlled maker of special military equipment, synthetic industrial diamonds and cubic boron nitride, and special-purpose vehicles.
NORINCO-controlled maker of special military equipment, synthetic industrial diamonds and cubic boron nitride, and special-purpose vehicles.
Earns from three unlike businesses: special military equipment for Chinese defence customers, industrial diamond and cubic boron nitride (an extremely hard cutting material) from its Zhongnan Diamond unit, and special-purpose vehicles plus engine parts. A 2016 asset injection brought in the defence and vehicle units.
Moat: narrow (scale, regulatory licence). Large synthetic-diamond producer plus state-held defence licences; auto and vehicle units add little edge.
Headquarters: Nanyang, China · Employees: 8,419
Size North Industries Group Red Arrow (000519.SZ) is a China Industrials company (Aerospace & Defense) with a market value of $2.88B, the 892nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.81 on 6 Nov 2026.
Performance Over six months the shares fell 22.1%, against -12.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 100.3% over the last twelve months (peer median -0.9%); the operating margin is 1.2% (peer median 0.2%).
Valuation It trades at 57.5× forward earnings against a peer median of 46.6× (8th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +15 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 4.2 points below its cost of capital (10.3% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.6B | CN¥9.25B | CN¥4.56B | CN¥6.08B | CN¥6.67B |
| Revenue growth | — | +103% | -25% | -9% | — |
| Gross profit | CN¥1.91B | CN¥1.21B | CN¥584M | CN¥1.84B | CN¥1.82B |
| EBITDA | n/a | CN¥548M | CN¥43.1M | CN¥1.24B | CN¥1.27B |
| Net income | CN¥149M | CN¥41.7M | -CN¥327M | CN¥828M | CN¥819M |
| Free cash flow | CN¥454M | -CN¥384M | -CN¥296M | -CN¥353M | -CN¥53.4M |
| Capital expenditure | CN¥830M | CN¥867M | CN¥570M | CN¥592M | CN¥447M |
| Total debt | CN¥2.24B | CN¥3.01B | CN¥2.00B | CN¥1.53B | CN¥1.35B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| North Industries Group Red Arrow 000519.SZ | $2.88B | -22% | +100% | 1% | 57.5× | 23.0% |
| Henan Huanghe Whirlwind 600172.SS | $2.27B | +29% | +13% | -30% | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% |
| Sinomach Precision Industry 002046.SZ | $3.47B | -17% | -1% | 4% | 75.7× | n/a |
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 | 000519.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.3% | +0.4% | 7th lowest of 21 |
| 6-month return | -22.1% | -12.6% | 7th lowest of 21 |
| Distance from 52-week high | -39.5% | -39.9% | 11th highest of 21 |
| Revenue growth (TTM) | +100.3% | -0.9% | 3rd highest of 20 |
| Operating margin | 1.2% | 0.2% | 9th highest of 21 |
| Forward P/E | 57.5× | 46.6× | 8th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 23.0% | 26.2% | 7th least demanding of 13 |
| Growth delivered (Del g) | +7.5% | +8.3% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | +15.5 pp | +11.7 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -4.2 pp | -5.9 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| North Industries Group Red Arrow 000519.SZ | China | $2.88B | -22% | +100% | 1% | 57.5× | 23.0% | +7.5% |
| Sai MicroElectronics 300456.SZ | China | $2.75B | -45% | -59% | -99% | 65.9× | 41.7% | +1.5% |
| AviChina Industry & Technology 2357.HK | Hong Kong | $3.11B | -13% | +2% | 5% | 8.1× | n/a | n/a |
| North Navigation Control Technology 600435.SS | China | $2.65B | -19% | -32% | -5% | 97.4× | 17.1% | +6.8% |
| Aerospace CH UAV 002389.SZ | China | $2.64B | -17% | +3% | 0% | 54.9× | n/a | n/a |
| Anhui GreatWall Military Industry 601606.SS | China | $3.20B | -22% | -10% | -7% | n/a | n/a | n/a |
| Inner Mongolia First Machinery 600967.SS | China | $3.22B | -10% | -7% | 0% | 26.0× | 38.2% | -5.4% |
| Lisi FII.PA | France | $3.27B | 0% | -8% | 10% | 22.5× | 20.4% | +7.3% |
| Archer Aviation ACHR | United States | $3.42B | -31% | n/a | -13,570% | n/a | n/a | n/a |
| Intuitive Machines LUNR | United States | $2.40B | -64% | +117% | -20% | n/a | n/a | n/a |
| Firefly Aerospace FLY | United States | $3.48B | -48% | +179% | -116% | n/a | n/a | n/a |
| QinetiQ QQ..L | United Kingdom | $3.51B | +26% | 0% | 10% | 15.3× | 0.1% | +8.5% |
| Exail Technologies EXA.PA | France | $2.37B | +10% | +24% | -2% | 62.9× | 42.5% | +26.0% |
| Astronics ATRO | United States | $2.36B | -13% | +14% | 14% | 18.6× | 17.3% | +11.4% |
| Baimtec Material 688563.SS | China | $3.53B | -12% | -1% | 15% | 38.2× | 22.7% | +14.4% |
| Avicopter 600038.SS | China | $3.54B | -8% | -6% | 1% | 33.9× | 9.1% | +8.1% |
| AECC Aero-engine Control 000738.SZ | China | $3.66B | -10% | -3% | 3% | 64.0× | n/a | n/a |
| Jiangxi Hongdu Aviation Industry 600316.SS | China | $3.77B | -4% | +62% | 0% | 121.0× | 53.4% | +8.0% |
| Hunan Aerospace Huanyu Communication Technology 688523.SS | China | $2.19B | -45% | -30% | -8% | 100.3× | n/a | n/a |
| RENK R3NK.DE | Germany | $3.84B | -24% | +11% | 13% | 21.1× | 29.8% | +54.5% |
| AECC Aero Science And Technology 600391.SS | China | $2.13B | +16% | -15% | 4% | 253.6× | 29.7% | +9.7% |