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Major Chinese EV battery maker, one of the world's top-10 battery producers, with Volkswagen as a strategic investor.
Major Chinese EV battery maker, one of the world's top-10 battery producers, with Volkswagen as a strategic investor.
Sells battery cells on multi-year supply contracts to automakers and energy-storage buyers, with prices tied to the cost of lithium and other materials, so profit depends on passing cost swings on to customers. Volkswagen is a major shareholder as well as a customer. It specialises in lithium iron phosphate, a cheaper chemistry without cobalt or nickel.
In one line: China's a smaller CATL, part-owned by Volkswagen.
Moat: narrow (customer qualification, scale). Volkswagen's strategic stake and qualification lend scale and credibility versus smaller battery makers.
Headquarters: Hefei, China · Founded: 2006 · Employees: 33,087
Size Gotion High-tech (002074.SZ) is a China Industrials company (Electrical Products) with a market value of $6.45B, the 386th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.90 on 6 Nov 2026.
Performance Over six months the shares fell 32.2%, against -28.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 53.8% over the last twelve months (peer median +25.9%); the operating margin is 3.0% (peer median 13.1%).
Valuation It trades at 25.6× forward earnings against a peer median of 22.2× (10th most expensive of 20).
Capital Return on invested capital runs 2.3 points below its cost of capital (5.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥61.0B | CN¥45.0B | CN¥35.4B | CN¥31.6B | CN¥23.0B |
| Revenue growth | — | +27% | +12% | +37% | — |
| Gross profit | CN¥12.3B | CN¥6.83B | CN¥5.96B | CN¥4.70B | CN¥3.78B |
| EBITDA | n/a | CN¥4.88B | CN¥3.55B | CN¥2.26B | CN¥666M |
| Net income | CN¥699M | CN¥2.38B | CN¥1.21B | CN¥939M | CN¥312M |
| Free cash flow | -CN¥12.8B | -CN¥6.51B | -CN¥6.34B | -CN¥10.6B | -CN¥12.6B |
| Capital expenditure | CN¥16.6B | CN¥10.2B | CN¥9.07B | CN¥13.1B | CN¥13.4B |
| Total debt | CN¥79.0B | CN¥63.3B | CN¥54.1B | CN¥47.1B | CN¥31.7B |
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 |
|---|---|---|---|---|---|---|
| Gotion High-tech 002074.SZ | $6.45B | -32% | +54% | 3% | 25.6× | n/a |
| Contemporary Amperex Technology 300750.SZ | $179B | -42% | +51% | 14% | 13.0× | 1.6% |
| BYD 002594.SZ | $96.6B | -17% | -4% | 4% | 21.2× | n/a |
| Sunwoda Electronic 300207.SZ | $5.37B | -33% | +36% | -1% | 16.0× | 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 | 002074.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.4% | -11.9% | 9th lowest of 21 |
| 6-month return | -32.2% | -28.4% | 10th lowest of 21 |
| Distance from 52-week high | -47.7% | -49.1% | 11th highest of 21 |
| Revenue growth (TTM) | +53.8% | +25.9% | 4th highest of 21 |
| Operating margin | 3.0% | 13.1% | 3rd lowest of 21 |
| Forward P/E | 25.6× | 22.2× | 10th most expensive of 20 |
| ROIC minus cost of capital | -2.3 pp | +0.2 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |