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Precision machinery/components maker under state group Sinomach; specific product line not confidently known.
Precision machinery/components maker under state group Sinomach; specific product line not confidently known.
Moat: none
Headquarters: China · Employees: 2,486
Size Sinomach Precision Industry (002046.SZ) is a China Industrials company (Metal Fabrication) with a market value of $3.47B, the 746th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥43.12 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -11.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +20.9%); the operating margin is 4.3% (peer median 9.1%).
Valuation It trades at 75.7× forward earnings against a peer median of 32.7× (5th most expensive of 19).
Capital Return on invested capital runs 12.1 points below its cost of capital (13.5% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.93B | CN¥3.01B | CN¥2.63B | CN¥2.76B | CN¥3.41B |
| Revenue growth | — | +14% | -5% | -19% | — |
| Gross profit | CN¥941M | CN¥967M | CN¥866M | CN¥845M | CN¥763M |
| EBITDA | CN¥361M | CN¥409M | CN¥426M | CN¥376M | CN¥361M |
| Net income | CN¥135M | CN¥260M | CN¥280M | CN¥259M | CN¥233M |
| Free cash flow | -CN¥511M | -CN¥842M | -CN¥129M | CN¥160M | CN¥73.9M |
| Capital expenditure | CN¥708M | CN¥627M | CN¥392M | CN¥213M | CN¥225M |
| Total debt | CN¥1.25B | CN¥1.51B | CN¥1.50B | CN¥1.10B | CN¥1.15B |
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 |
|---|---|---|---|---|---|---|
| Sinomach Precision Industry 002046.SZ | $3.47B | -17% | -1% | 4% | 75.7× | n/a |
| Henan Huanghe Whirlwind 600172.SS | $2.27B | +29% | +13% | -30% | n/a | 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 | 002046.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.7% | -4.8% | 3rd lowest of 20 |
| 6-month return | -17.4% | -11.7% | 9th lowest of 19 |
| Distance from 52-week high | -44.0% | -44.8% | 9th highest of 20 |
| Revenue growth (TTM) | -0.5% | +20.9% | 4th lowest of 21 |
| Operating margin | 4.3% | 9.1% | 5th lowest of 21 |
| Forward P/E | 75.7× | 32.7× | 5th most expensive of 19 |
| ROIC minus cost of capital | -12.1 pp | -1.6 pp | 2nd lowest of 21 |
| EV / EBITDA | 67.4× | 15.7× | most expensive of 7 |
| Net debt / EBITDA | -0.2× | 0.3× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| JL Mag Rare-Earth 300748.SZ | China | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% | +26.1% |
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |