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Chinese aerospace manufacturer making aircraft wings, engine pylons, landing gear and structural components for wide-body and narrow-body jets.
Chinese aerospace manufacturer making aircraft wings, engine pylons, landing gear and structural components for wide-body and narrow-body jets.
Earns by producing structural parts to aircraft makers' designs, so deliveries follow build rates on specific jet programmes rather than open-market demand. Molybdenum and rhenium metals form a separate line.
In one line: A Chinese aerostructures/components maker, akin to a smaller Spirit AeroSystems.
Moat: narrow (customer qualification, process know-how). Aerospace-grade manufacturing qualification for structural components is a long, costly process for customers to switch away from.
Headquarters: Chengdu, China · Founded: 1993 · Employees: 2,794
Size Ligeance Aerospace Technology (000697.SZ) is a China Industrials company (Aerospace & Defense) with a market value of $1.94B, the 1299th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.27 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -2.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 24.0% over the last twelve months (peer median +13.9%); the operating margin is -10.3% (peer median 5.1%).
Valuation It trades at 5.7× enterprise value to sales against a peer median of 3.5× (8th most expensive of 21).
Capital Return on invested capital runs 11.1 points below its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.25B | CN¥1.87B | CN¥1.73B | CN¥1.52B | CN¥1.24B |
| Revenue growth | — | +8% | +14% | +23% | — |
| Gross profit | CN¥433M | CN¥114M | CN¥127M | CN¥134M | CN¥87.4M |
| EBITDA | n/a | -CN¥31.5M | CN¥57.4M | CN¥56.5M | -CN¥28.0M |
| Net income | -CN¥372M | -CN¥518M | -CN¥262M | -CN¥262M | -CN¥802M |
| Free cash flow | -CN¥251M | -CN¥211M | -CN¥273M | -CN¥407M | -CN¥203M |
| Capital expenditure | CN¥118M | CN¥125M | CN¥176M | CN¥161M | CN¥146M |
| Total debt | CN¥726M | CN¥689M | CN¥2.73B | CN¥2.88B | CN¥2.63B |
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 |
|---|---|---|---|---|---|---|
| Ligeance Aerospace Technology 000697.SZ | $1.94B | -9% | +24% | -10% | 5.7× | n/a |
| Baimtec Material 688563.SS | $3.53B | -12% | -1% | 15% | 6.9× | 22.7% |
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 | 000697.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.4% | -6.8% | 7th highest of 20 |
| 6-month return | -8.8% | -2.3% | 9th lowest of 19 |
| Distance from 52-week high | -30.2% | -37.4% | 7th highest of 21 |
| Revenue growth (TTM) | +24.0% | +13.9% | 7th highest of 20 |
| Operating margin | -10.3% | 5.1% | 3rd lowest of 21 |
| EV / Sales | 5.7× | 3.5× | 8th most expensive of 21 |
| ROIC minus cost of capital | -11.1 pp | -4.5 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ligeance Aerospace Technology 000697.SZ | China | $1.94B | -9% | +24% | -10% | 5.7× | n/a | n/a |
| Chemring CHG.L | United Kingdom | $1.92B | +13% | -4% | 13% | 3.1× | n/a | n/a |
| Sensofusion SENSO.HE | Finland | $1.97B | n/a | n/a | 64% | 47.9× | n/a | n/a |
| Cirrus Aircraft 2507.HK | Hong Kong | $1.85B | +5% | +14% | 13% | 0.9× | -1.4% | +18.3% |
| Ducommun DCO | United States | $2.04B | -1% | +9% | 10% | 2.7× | n/a | n/a |
| China Marine Information Electronics 600764.SS | China | $1.82B | -28% | +9% | -2% | 3.1× | n/a | n/a |
| Bodycote BOY.L | United Kingdom | $2.09B | +35% | +2% | 15% | 2.4× | 22.6% | +4.0% |
| Redwire RDW | United States | $1.80B | -35% | +63% | -41% | 3.3× | n/a | n/a |
| MTAR Technologies MTARTECH.NS | India | $1.77B | -18% | +108% | 20% | 12.5× | 48.5% | +29.2% |
| AECC Aero Science And Technology 600391.SS | China | $2.13B | +16% | -15% | 4% | 4.7× | 29.7% | +9.7% |
| Hunan Aerospace Huanyu Communication Technology 688523.SS | China | $2.19B | -45% | -30% | -8% | 39.9× | n/a | n/a |
| Montana Aerospace AERO.SW | Switzerland | $1.69B | -2% | -36% | 7% | 1.5× | 6.1% | +6.3% |
| Applied Aerospace & Defense AADX | United States | $1.67B | n/a | +35% | -10% | 3.6× | n/a | n/a |
| Avio AVIO.MI | Italy | $1.60B | -2% | +14% | 1% | 1.5× | 26.1% | +10.6% |
| Astronics ATRO | United States | $2.36B | -13% | +14% | 14% | 2.9× | 17.3% | +11.4% |
| Exail Technologies EXA.PA | France | $2.37B | +10% | +24% | -2% | 3.8× | 42.5% | +26.0% |
| Intuitive Machines LUNR | United States | $2.40B | -64% | +117% | -20% | 7.5× | n/a | n/a |
| Aequs AEQUS.NS | India | $1.56B | +8% | +33% | -7% | 10.3× | n/a | n/a |
| Xi'an Triangle Defense 300775.SZ | China | $1.50B | -39% | -29% | 2% | 8.3× | 31.7% | +21.0% |
| Beijing Beimo High-tech Frictional Material 002985.SZ | China | $1.46B | -17% | +36% | 28% | 10.4× | n/a | n/a |
| Aerospace Industrial Development 2634.TW | Taiwan | $1.46B | +3% | +3% | 6% | 1.7× | 4.1% | +11.0% |