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Maker of marine diesel engines and diesel generator sets, part of the Weichai industrial group.
Maker of marine diesel engines and diesel generator sets, part of the Weichai industrial group.
Sells large engines to shipbuilders and power-equipment makers by order, and then supplies spare parts and servicing for years afterward, so its demand follows shipyard order books. The Weichai group, which also makes truck engines, controls it.
Moat: narrow (process know-how, customer qualification). Marine-engine certification and Weichai group technology ties support repeat shipyard orders.
Headquarters: Weifang, Shandong, China · Employees: 2,204
Size Weichai Heavy Machinery (000880.SZ) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.44B, the 1695th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.63 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against -17.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 57.9% over the last twelve months (peer median +7.4%); the operating margin is 2.5% (peer median 11.9%).
Valuation It trades at 0.9× enterprise value to sales against a peer median of 2.3× (4th cheapest of 21).
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 +13%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 18.0 points above its cost of capital (9.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.78B | CN¥6.11B | CN¥4.17B | CN¥3.76B | CN¥3.45B |
| Revenue growth | — | +46% | +11% | +9% | — |
| Gross profit | CN¥974M | CN¥584M | CN¥435M | CN¥416M | CN¥432M |
| EBITDA | n/a | CN¥293M | CN¥166M | CN¥174M | CN¥174M |
| Net income | CN¥305M | CN¥240M | CN¥145M | CN¥166M | CN¥141M |
| Free cash flow | CN¥1.45B | CN¥722M | CN¥273M | CN¥451M | CN¥278M |
| Capital expenditure | CN¥49.8M | CN¥16.6M | CN¥105M | CN¥29.9M | CN¥36.2M |
| Total debt | CN¥2.31B | CN¥1.48B | CN¥1.47B | CN¥942M | CN¥873M |
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 |
|---|---|---|---|---|---|---|
| Weichai Heavy Machinery 000880.SZ | $1.44B | -33% | +58% | 2% | 0.9× | 6.8% |
| Weichai Power 000338.SZ | $24.2B | -40% | +8% | 7% | 0.8× | -6.1% |
| China Yuchai International CYD | $750M | -57% | +21% | 4% | n/a | n/a |
| Wartsila Oyj Abp WRT1V.HE | $17.1B | -25% | -2% | 13% | 2.0× | 7.2% |
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 | 000880.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -2.5% | 5th lowest of 21 |
| 6-month return | -33.2% | -17.8% | 4th lowest of 21 |
| Distance from 52-week high | -48.9% | -39.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +57.9% | +7.4% | 3rd highest of 21 |
| Operating margin | 2.5% | 11.9% | 4th lowest of 21 |
| EV / Sales | 0.9× | 2.3× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 6.8% | 8.5% | 7th least demanding of 16 |
| Growth delivered (Del g) | +13.1% | +12.3% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | -6.3 pp | -5.1 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | +18.0 pp | +0.8 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | 0.9× | 6.8% | +13.1% |
| Comer Industries COM.MI | Italy | $1.43B | -18% | +31% | 10% | 1.3× | 3.1% | +17.7% |
| Hengbo 301225.SZ | China | $1.41B | -11% | +69% | 7% | 5.7× | n/a | n/a |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 4.1× | 29.6% | +21.7% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 1.4× | -0.3% | +10.6% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 2.2× | 14.5% | +54.0% |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | 49.9× | 57.1% | +113.9% |
| Ingersoll-Rand (India) INGERRAND.NS | India | $1.33B | -13% | +8% | 23% | 8.6× | 34.1% | +17.6% |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 2.4× | 8.5% | +12.9% |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 0.3× | n/a | n/a |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 1.3× | n/a | n/a |
| KTK 603680.SS | China | $1.28B | -24% | -16% | 17% | 1.9× | -6.0% | +2.3% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 0.9× | -3.1% | +10.1% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 1.0× | 7.0% | +6.6% |
| Austal ASB.AX | Australia | $1.23B | 0% | +11% | -7% | 0.9× | n/a | n/a |
| Asian Star Anchor Chain 601890.SS | China | $1.22B | -23% | +2% | 13% | 3.4× | 10.7% | +13.5% |
| Xinjiang Machinery Research Institute 300159.SZ | China | $1.21B | -28% | +28% | -40% | 8.4× | n/a | n/a |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 0.8× | 1.5% | +6.6% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 3.0× | 2.2% | +12.3% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | 9.6× | 36.1% | +4.4% |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 5.9× | 22.1% | +6.1% |