Which companies are Changchai's closest peers?

The cockpit's peer set: Shanghai Vico Precision Mold & Plastics (301499.SZ), Swaraj Engines (SWARAJENG.NS), Hefei Conver (603409.SS), Ningbo Tianlong Electronics (603266.SS), SNT DYNAMICS (003570.KS), NRB Bearings (NRBBEARING.NS), Beijing Tianyishangjia New Material (688033.SS), Tianjin Pengling (300375.SZ).

How has Changchai stock performed?

Over six months to 6 Nov 2026 the shares returned -23.4% against -20.8% for the median peer; over one year -17.0%.

← CockpitCompetitor Analysis › 000570.SZ Changchai Company Limited Class AOpen in the cockpit ↗

Changchai Company Limited Class A000570.SZCompetitor analysis, valuation and peers

China · CNY·Consumer Discretionary›Auto Parts: OEM

Momentum neutral 55

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$450M

US dollars, full cap

Free float

58%

of shares outstanding

$/day

$18.9M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-3.4 pp

WACC 6.1%

Hurdle

+6 pp

Req g minus delivered

Close · CNYCN¥4.92

1D-1.8%

1W+2.3%

1M-7.2%

3M-2.6%

6M-23.4%

YTD-11.5%

1Y-17.0%

ATR %4.0%

52w lowhigh29.2% off high

What Changchai does

Employees: 2,375

Changchai at a glance

Size Changchai (000570.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $450M, the 4105th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.92 on 6 Nov 2026.

Performance Over six months the shares fell 23.4%, against -20.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 1.0% over the last twelve months (peer median +5.9%); the operating margin is 2.0% (peer median 6.8%).

Valuation It trades at 1.0× enterprise value to sales against a peer median of 1.9× (8th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +6 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 3.4 points below its cost of capital (6.1% WACC).

Relative performance

Six months, rebased to 100: Changchai against the median of its 20 peers (local-currency closes).

Changchai financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥2.55B	CN¥2.47B	CN¥2.41B	CN¥2.15B	CN¥2.18B
Revenue growth	—	+2%	+12%	-1%	—
Gross profit	CN¥381M	CN¥269M	CN¥271M	CN¥285M	CN¥208M
EBITDA	n/a	CN¥101M	CN¥115M	CN¥56.6M	-CN¥18.4M
Net income	CN¥128M	CN¥50.8M	CN¥18.5M	CN¥108M	CN¥76.7M
Free cash flow	CN¥168M	CN¥291M	-CN¥162M	CN¥63.7M	CN¥334M
Capital expenditure	CN¥11.4M	CN¥11.9M	CN¥19.3M	CN¥97.1M	CN¥48.4M
Total debt	CN¥779M	CN¥710M	CN¥750M	CN¥584M	CN¥587M

Quarterly statements and history in the cockpit →

Changchai competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Changchai is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Changchai is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Changchai is the large dot.

Changchai competitors and peer comparison

How Changchai compares with its peers

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.

Changchai against its 20 peers (data as of 6 Nov 2026)
Measure	000570.SZ	Peer median	Rank in peer set
1-month return	-7.2%	-8.9%	10th highest of 21
6-month return	-23.4%	-20.8%	10th lowest of 21
Distance from 52-week high	-29.2%	-30.4%	11th highest of 21
Revenue growth (TTM)	+1.0%	+5.9%	6th lowest of 20
Operating margin	2.0%	6.8%	6th lowest of 20
EV / Sales	1.0×	1.9×	8th cheapest of 20
Growth the price implies (Req g, 7 yrs)	7.2%	8.7%	6th least demanding of 12
Growth delivered (Del g)	+1.5%	+7.5%	2nd lowest of 12
Hurdle (Req g minus delivered)	+5.6 pp	+2.4 pp	4th most demanding of 12
ROIC minus cost of capital	-3.4 pp	-0.7 pp	7th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Changchai 000570.SZ	China	$450M	-23%	+1%	2%	1.0×	7.2%	+1.5%
Shanghai Vico Precision Mold & Plastics 301499.SZ	China	$450M	-39%	+16%	4%	2.7×	n/a	n/a
Swaraj Engines SWARAJENG.NS	India	$450M	-13%	+25%	12%	1.9×	19.1%	+15.3%
Hefei Conver 603409.SS	China	$451M	-45%	+16%	11%	1.9×	n/a	n/a
Ningbo Tianlong Electronics 603266.SS	China	$448M	-26%	+3%	8%	2.2×	8.7%	+6.3%
SNT DYNAMICS 003570.KS	South Korea	$446M	-59%	+9%	8%	0.8×	n/a	n/a
NRB Bearings NRBBEARING.NS	India	$442M	+44%	+14%	13%	3.0×	27.7%	+12.0%
Beijing Tianyishangjia New Material 688033.SS	China	$459M	-34%	-31%	-342%	8.4×	15.2%	+10.6%
Tianjin Pengling 300375.SZ	China	$439M	-20%	+7%	2%	1.1×	21.7%	+11.3%
Xin Point 1571.HK	Hong Kong	$437M	-21%	+1%	19%	0.6×	n/a	n/a
Kehua 603161.SS	China	$433M	-12%	n/a	n/a	n/a	n/a	n/a
Chuo Spring 5992.T	Japan	$433M	-28%	+2%	2%	0.6×	n/a	n/a
DaikyoNishikawa 4246.T	Japan	$431M	+17%	-3%	6%	0.4×	-5.1%	+2.0%
Shenzhen Roadrover Technology 002813.SZ	China	$470M	-4%	-14%	-16%	9.0×	n/a	n/a
Tachi-S 7239.T	Japan	$474M	+6%	-2%	5%	0.1×	-16.7%	+6.3%
Martinrea International MRE.TO	Canada	$475M	-10%	-3%	5%	0.4×	-6.2%	+7.4%
Xingmin Intelligent Transportation Systems (Group) 002355.SZ	China	$426M	-29%	+20%	-19%	3.6×	n/a	n/a
Ningbo Gaofa Automotive Control System 603788.SS	China	$424M	-25%	+3%	11%	1.6×	-0.2%	+12.1%
Shanghai Lianming Machinery 603006.SS	China	$418M	-19%	+17%	8%	2.6×	18.6%	-5.1%
T.RAD 7236.T	Japan	$485M	+17%	+6%	7%	0.5×	5.0%	+7.5%
Xuelong 603949.SS	China	$416M	-26%	+10%	17%	5.2×	n/a	n/a

Questions

Which companies are Changchai's closest peers?: The cockpit's peer set: Shanghai Vico Precision Mold & Plastics (301499.SZ), Swaraj Engines (SWARAJENG.NS), Hefei Conver (603409.SS), Ningbo Tianlong Electronics (603266.SS), SNT DYNAMICS (003570.KS), NRB Bearings (NRBBEARING.NS), Beijing Tianyishangjia New Material (688033.SS), Tianjin Pengling (300375.SZ).
Is Changchai expensive compared with its peers?: On ev / sales it trades at 1.0× against a peer median of 1.9×, 8th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +6 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.
How has Changchai stock performed?: Over six months to 6 Nov 2026 the shares returned -23.4% against -20.8% for the median peer; over one year -17.0%.