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Major Chinese construction-equipment maker: wheel loaders, excavators and road machinery.
Major Chinese construction-equipment maker: wheel loaders, excavators and road machinery.
Sells machines to dealers, who resell to contractors and rental fleets, so earnings follow construction activity in China and, increasingly, overseas markets. Its overseas plants include Poland, where it owns the Dressta bulldozer business, and India. Parts and service for the installed base give some support between machine cycles.
In one line: A Chinese Caterpillar/Komatsu for earthmoving gear.
Moat: narrow (scale, distribution, brand). One of China's oldest construction-equipment brands with a wide dealer network at home and abroad.
Headquarters: Liuzhou, Guangxi, China · Founded: 1958 · Employees: 15,036
Size Guangxi Liugong Machinery (000528.SZ) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $2.58B, the 1006th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.45 on 6 Nov 2026.
Performance Over six months the shares fell 12.5%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +13.4%); the operating margin is 5.7% (peer median 7.4%).
Valuation It trades at 10.5× forward earnings against a peer median of 10.9× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥36.3B | CN¥33.1B | CN¥30.0B | CN¥27.4B | CN¥26.4B |
| Revenue growth | — | +10% | +9% | +4% | — |
| Gross profit | CN¥7.93B | CN¥6.71B | CN¥6.09B | CN¥5.11B | CN¥3.91B |
| EBITDA | n/a | CN¥2.65B | CN¥2.40B | CN¥1.51B | CN¥1.25B |
| Net income | CN¥1.48B | CN¥1.61B | CN¥1.33B | CN¥868M | CN¥599M |
| Free cash flow | CN¥305M | CN¥340M | CN¥732M | CN¥912M | CN¥430M |
| Capital expenditure | CN¥706M | CN¥715M | CN¥664M | CN¥794M | CN¥715M |
| Total debt | CN¥19.9B | CN¥16.5B | CN¥16.0B | CN¥17.6B | CN¥13.7B |
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 |
|---|---|---|---|---|---|---|
| Guangxi Liugong Machinery 000528.SZ | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% |
| Sany Heavy Industry 600031.SS | $24.6B | -4% | +18% | 11% | 17.4× | -2.6% |
| XCMG Construction Machinery 000425.SZ | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Komatsu 6301.T | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% |
| Zoomlion Heavy Industry Science & Technology 000157.SZ | $7.61B | -22% | +14% | 7% | 11.2× | 2.8% |
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 | 000528.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +1.5% | 2nd highest of 21 |
| 6-month return | -12.5% | -14.1% | 9th highest of 21 |
| Distance from 52-week high | -34.9% | -29.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +10.2% | +13.4% | 7th lowest of 21 |
| Operating margin | 5.7% | 7.4% | 8th lowest of 21 |
| Forward P/E | 10.5× | 10.9× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.5% | -1.5% | 8th least demanding of 15 |
| Growth delivered (Del g) | +5.0% | +9.2% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -8.5 pp | -10.0 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | +1.1 pp | +0.9 pp | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangxi Liugong Machinery 000528.SZ | China | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% | +5.0% |
| Garden Reach Shipbuilders & Engineers GRSE.NS | India | $2.60B | -31% | +40% | 10% | 26.5× | n/a | n/a |
| Cadeler A/S CADLR.OL | Norway | $2.41B | -14% | +53% | 36% | 9.4× | n/a | n/a |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| China Railway Hi-tech Industry 600528.SS | China | $2.37B | -9% | -8% | 5% | n/a | -4.0% | +2.6% |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Trinity Industries TRN | United States | $2.30B | -20% | -2% | 13% | 15.8× | n/a | n/a |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| ZHEJIANG ZHONGJIAN TECHNOLOGY 002779.SZ | China | $2.26B | +2% | +28% | -17% | 150.7× | n/a | n/a |
| Takeuchi Mfg.Co 6432.T | Japan | $2.21B | +4% | +12% | 16% | 10.6× | 4.0% | +14.9% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Sumec 600710.SS | China | $2.18B | -9% | +14% | 4% | 9.8× | -17.2% | +3.6% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| CIMC Vehicles (Group) 301039.SZ | China | $2.07B | -18% | +6% | 4% | 16.6× | -4.3% | -5.2% |
| NFI NFI.TO | Canada | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% | +9.3% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |