Loading…
One of China's largest motorcycle and small-engine makers, expanding into electric motors and hydrogen fuel-cell systems.
One of China's largest motorcycle and small-engine makers, expanding into electric motors and hydrogen fuel-cell systems.
Sells motorcycle engines to assemblers and complete motorcycles to dealers, with exports to emerging markets such as Southeast Asia and Africa a major outlet. The Zongshen group, founded by Zuo Zongshen, controls it.
In one line: A Chinese Honda Power Products for small engines.
Moat: narrow (scale, brand). Long-established motorcycle-engine brand with large export distribution network.
Headquarters: Chongqing, China · Founded: 1992 · Employees: 9,412
Size Chongqing Zongshen Power Machinery (001696.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.25B, the 1133rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.12 on 6 Nov 2026.
Performance Over six months the shares fell 24.4%, against -10.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 4.8% over the last twelve months (peer median +11.8%); the operating margin is 4.7% (peer median 7.0%).
Valuation It trades at 17.3× forward earnings against a peer median of 22.0× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (6.9% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.1B | CN¥12.4B | CN¥10.5B | CN¥8.11B | CN¥8.13B |
| Revenue growth | — | +18% | +29% | 0% | — |
| Gross profit | CN¥1.83B | CN¥1.65B | CN¥1.43B | CN¥1.21B | CN¥1.10B |
| EBITDA | n/a | CN¥963M | CN¥886M | CN¥677M | CN¥605M |
| Net income | CN¥507M | CN¥666M | CN¥461M | CN¥362M | CN¥390M |
| Free cash flow | CN¥1.21B | CN¥898M | CN¥3.23M | CN¥175M | CN¥1.09B |
| Capital expenditure | CN¥382M | CN¥330M | CN¥337M | CN¥439M | CN¥266M |
| Total debt | CN¥3.79B | CN¥3.80B | CN¥3.42B | CN¥2.45B | CN¥1.81B |
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 |
|---|---|---|---|---|---|---|
| Chongqing Zongshen Power Machinery 001696.SZ | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% |
| Loncin Motor 603766.SS | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% |
| Zhejiang CFMoto Power 603129.SS | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% |
| Zhejiang Qianjiang Motorcycle 000913.SZ | $896M | -16% | 0% | 2% | 17.2× | 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 | 001696.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.4% | -6.2% | 9th lowest of 21 |
| 6-month return | -24.4% | -10.0% | 7th lowest of 21 |
| Distance from 52-week high | -49.3% | -35.8% | 4th lowest of 21 |
| Revenue growth (TTM) | -4.8% | +11.8% | 2nd lowest of 21 |
| Operating margin | 4.7% | 7.0% | 9th lowest of 21 |
| Forward P/E | 17.3× | 22.0× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.6% | 10.6% | 6th least demanding of 15 |
| Growth delivered (Del g) | +9.6% | +12.3% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -2.0 pp | +6.7 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | +0.8 pp | -1.3 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |