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Yantai-based maker of industrial refrigeration compressors, heat pumps and commercial air-conditioning, including its Dunham-Bush subsidiary.
Yantai-based maker of industrial refrigeration compressors, heat pumps and commercial air-conditioning, including its Dunham-Bush subsidiary.
Sells compressors, chillers and heat exchangers that chill food, cold-chain warehouses and buildings, and increasingly cooling equipment for data centers and industrial heat pumps. It traces to a Yantai repair factory founded in 1956 and owns Dunham-Bush, a US-origin air-conditioning brand, which gives it a foreign sales channel.
Moat: narrow (process know-how, brand). Compressor design experience since the 1950s and an overseas HVAC brand; large global rivals compete.
Headquarters: Yantai, China · Founded: 1956 · Employees: 5,189
Size Moon Environment Technology (000811.SZ) is a China Industrials company (Industrial Machinery) with a market value of $3.34B, the 776th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.46 on 6 Nov 2026.
Performance Over six months the shares fell 10.0%, against -19.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 26.6% over the last twelve months (peer median +10.7%); the operating margin is 10.1% (peer median 9.7%).
Valuation It trades at 25.8× forward earnings against a peer median of 28.5× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +9 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 2.4 points above its cost of capital (13.8% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.23B | CN¥7.03B | CN¥6.60B | CN¥7.45B | CN¥6.08B |
| Revenue growth | — | +7% | -11% | +22% | — |
| Gross profit | CN¥2.34B | CN¥1.83B | CN¥1.76B | CN¥1.81B | CN¥1.33B |
| EBITDA | n/a | CN¥744M | CN¥709M | CN¥705M | CN¥399M |
| Net income | CN¥755M | CN¥564M | CN¥628M | CN¥659M | CN¥426M |
| Free cash flow | CN¥1.05B | CN¥739M | CN¥710M | CN¥350M | CN¥452M |
| Capital expenditure | CN¥100M | CN¥132M | CN¥118M | CN¥182M | CN¥293M |
| Total debt | CN¥1.43B | CN¥1.76B | CN¥1.75B | CN¥2.03B | CN¥1.97B |
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 |
|---|---|---|---|---|---|---|
| Moon Environment Technology 000811.SZ | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% |
| GEA Group Aktiengesellschaft G1A.DE | $12.6B | +25% | +4% | 12% | 21.0× | 5.8% |
| Johnson Controls JCI | $81.8B | -3% | +9% | 16% | 21.3× | 17.8% |
| Carrier Global CARR | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% |
| Shanghai Highly (Group) 600619.SS | $1.57B | -33% | +3% | 3% | n/a | 8.6% |
| Kaishan 300257.SZ | $2.00B | -56% | +12% | 15% | 22.0× | 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 | 000811.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.8% | -9.8% | 2nd lowest of 21 |
| 6-month return | -10.0% | -19.5% | 5th highest of 21 |
| Distance from 52-week high | -61.6% | -39.0% | 4th lowest of 21 |
| Revenue growth (TTM) | +26.6% | +10.7% | 4th highest of 21 |
| Operating margin | 10.1% | 9.7% | 10th highest of 21 |
| Forward P/E | 25.8× | 28.5× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 20.9% | 15.7% | 5th most demanding of 13 |
| Growth delivered (Del g) | +11.8% | +9.9% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | +9.1 pp | +4.7 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +2.4 pp | +0.0 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Moon Environment Technology 000811.SZ | China | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% | +11.8% |
| Kaori Heat Treatment 8996.TW | Taiwan | $3.34B | -1% | +108% | 16% | 42.6× | 46.0% | +25.9% |
| SINOMACH Heavy Equipment 601399.SS | China | $3.33B | -28% | 0% | 4% | n/a | n/a | n/a |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Shenzhen Zhaowei Machinery & Electronics 003021.SZ | China | $3.45B | +6% | 0% | 9% | 124.4× | 46.0% | +7.5% |
| Carel Industries CRL.MI | Italy | $3.24B | -11% | +17% | 15% | 30.5× | 23.3% | +13.7% |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |
| Anhui Yingliu Electromechanical 603308.SS | China | $3.50B | -58% | +38% | 13% | 42.0× | n/a | n/a |
| THK 6481.T | Japan | $3.52B | -16% | +8% | 7% | 10.6× | 24.8% | +1.9% |
| Tokyo Seimitsu 7729.T | Japan | $3.16B | -29% | +17% | 22% | 15.2× | 16.0% | +11.4% |
| Infore Environment Technology 000967.SZ | China | $3.14B | -53% | +20% | 8% | 26.5× | -0.8% | -0.7% |
| Takasago Thermal Engineering 1969.T | Japan | $3.13B | -21% | +2% | 11% | 10.8× | 3.8% | +9.0% |
| SIASUN Robot & Automation 300024.SZ | China | $3.12B | -11% | +11% | -7% | 235.7× | n/a | n/a |
| Danieli & C. Officine Meccaniche DAN.MI | Italy | $3.60B | -24% | -8% | -6% | 13.5× | n/a | n/a |
| Kunshan Kinglai Hygienic Materials 300260.SZ | China | $3.61B | -12% | +11% | 8% | 73.2× | n/a | n/a |
| Jack Technology 603337.SS | China | $3.09B | +15% | +13% | 10% | 22.8× | 4.2% | +13.3% |
| AIA Engineering AIAENG.NS | India | $3.08B | -22% | +7% | 24% | 22.8× | 20.4% | +9.1% |
| Haitian International 1882.HK | Hong Kong | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% | +7.7% |