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Chinese maker of automotive wiring harnesses and electronic components for vehicle manufacturers.
Chinese maker of automotive wiring harnesses and electronic components for vehicle manufacturers.
Moat: none (customer qualification). OEM-qualified auto parts supplier, but the harness segment is price-competitive with many domestic rivals.
Headquarters: China · Employees: 20,657
Size Tianhai Auto Electronics (001365.SZ) is a China Industrials company (Electrical Products) with a market value of $2.36B, the 1083rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.01 on 6 Nov 2026.
Growth Revenue grew 27.5% over the last twelve months (peer median +25.0%); the operating margin is 4.8% (peer median 10.6%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 3.2× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥15.9B | CN¥12.5B | CN¥11.5B | CN¥8.19B |
| Revenue growth | — | +28% | +8% | +41% | — |
| Gross profit | n/a | CN¥2.09B | CN¥1.76B | CN¥1.72B | CN¥1.27B |
| EBITDA | n/a | CN¥1.11B | CN¥959M | CN¥983M | CN¥582M |
| Net income | n/a | CN¥641M | CN¥614M | CN¥652M | CN¥402M |
| Free cash flow | n/a | CN¥280M | -CN¥275M | -CN¥27.1M | -CN¥183M |
| Capital expenditure | n/a | CN¥357M | CN¥349M | CN¥524M | CN¥349M |
| Total debt | CN¥4.17B | CN¥4.73B | CN¥2.89B | CN¥3.36B | CN¥2.28B |
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 |
|---|---|---|---|---|---|---|
| Tianhai Auto Electronics 001365.SZ | $2.36B | n/a | +28% | 5% | 1.1× | 6.0% |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 0.9× | 13.3% |
| Aptiv APTV | $7.98B | -32% | -5% | 10% | 0.7× | -6.8% |
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 | 001365.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | -17.0% | 10th highest of 21 |
| Distance from 52-week high | -63.8% | -55.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +27.5% | +25.0% | 10th highest of 21 |
| Operating margin | 4.8% | 10.6% | 6th lowest of 21 |
| EV / Sales | 1.1× | 3.2× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 6.0% | 17.4% | least demanding of 11 |
| Growth delivered (Del g) | +24.8% | +15.8% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -18.8 pp | +6.1 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +1.6 pp | +0.1 pp | 9th highest of 21 |
| EV / EBITDA | 15.2× | 19.0× | 3rd cheapest of 7 |
| Net debt / EBITDA | 0.8× | -0.0× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | 1.1× | 6.0% | +24.8% |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 6.2× | n/a | n/a |
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 8.1× | n/a | n/a |
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 2.3× | n/a | n/a |
| Tongling Jingda Special Magnet Wire 600577.SS | China | $2.39B | -45% | +26% | 3% | 0.7× | 9.8% | +14.7% |
| Hangzhou Cable 603618.SS | China | $2.40B | -18% | +18% | 7% | 2.0× | 15.2% | +9.8% |
| Delijia Transmission Technology (Jiangsu) 603092.SS | China | $2.41B | -45% | +45% | 17% | 2.8× | 7.2% | +20.3% |
| Shenzhen Kstar Science and Technology 002518.SZ | China | $2.41B | -40% | +21% | 13% | 2.8× | 24.2% | +16.9% |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 3.1× | 10.0% | -3.9% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 1.9× | n/a | n/a |
| PhiChem 300398.SZ | China | $2.43B | -6% | +15% | 17% | 4.4× | 19.6% | +11.7% |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 2.9× | 25.3% | +18.6% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | 3.8× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | 7.0× | 22.6% | +29.4% |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 3.2× | n/a | n/a |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 1.9× | n/a | n/a |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 0.3× | n/a | n/a |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | 99.6× | n/a | n/a |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 5.9× | 15.1% | +50.8% |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 5.5× | 56.8% | +10.7% |
| Chengdu Jiachi Electronic Technology 688708.SS | China | $2.11B | -33% | -7% | 26% | 15.0× | n/a | n/a |