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China's largest maker of ATMs and self-service banking/currency-processing equipment.
China's largest maker of ATMs and self-service banking/currency-processing equipment.
Sells ATMs and cash-handling machines to banks, mainly through their tenders, so revenue follows banks' equipment replacement cycles and branch budgets, with maintenance and software services adding recurring income. Overseas banks in emerging markets are a second route to growth.
In one line: A smaller, China-focused Diebold Nixdorf/NCR.
Moat: narrow (scale, installed base, customer qualification). Largest domestic ATM base and long bank-vendor qualification relationships.
Headquarters: Guangzhou, China · Founded: 1999 · Employees: 33,765
Size GRG Banking Equipment (002152.SZ) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $3.26B, the 798th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.75 on 6 Nov 2026.
Performance Over six months the shares fell 25.0%, against -20.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue was unchanged over the last twelve months (peer median +6.5%); the operating margin is 8.6% (peer median 11.7%).
Valuation It trades at 23.0× forward earnings against a peer median of 25.8× (8th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (6.9% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.7B | CN¥12.0B | CN¥10.8B | CN¥9.01B | CN¥7.50B |
| Revenue growth | — | +11% | +20% | +20% | — |
| Gross profit | CN¥3.45B | CN¥3.26B | CN¥3.20B | CN¥3.12B | CN¥2.78B |
| EBITDA | n/a | CN¥1.31B | CN¥1.27B | CN¥1.27B | CN¥1.13B |
| Net income | CN¥756M | CN¥861M | CN¥920M | CN¥977M | CN¥829M |
| Free cash flow | CN¥1.02B | CN¥1.54B | CN¥1.22B | CN¥1.32B | CN¥1.54B |
| Capital expenditure | CN¥233M | CN¥339M | CN¥144M | CN¥254M | CN¥303M |
| Total debt | CN¥4.88B | CN¥4.20B | CN¥3.91B | CN¥1.73B | CN¥1.94B |
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 |
|---|---|---|---|---|---|---|
| GRG Banking Equipment 002152.SZ | $3.26B | -25% | 0% | 9% | 23.0× | 4.0% |
| Diebold Nixdorf DBD | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% |
| NCR Voyix VYX | $1.35B | +17% | -5% | 7% | 9.9× | n/a |
| NCR Atleos NATL | $3.49B | +7% | +2% | 14% | 9.6× | -9.2% |
| Glory 6457.T | $1.53B | +16% | -8% | 9% | 12.2× | -8.1% |
| OKI Electric Industry 6703.T | $1.24B | -32% | -4% | 4% | 11.3× | 10.1% |
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 | 002152.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | -11.1% | 6th highest of 21 |
| 6-month return | -25.0% | -20.5% | 9th lowest of 20 |
| Distance from 52-week high | -39.2% | -46.6% | 8th highest of 21 |
| Revenue growth (TTM) | 0.0% | +6.5% | 7th lowest of 21 |
| Operating margin | 8.6% | 11.7% | 9th lowest of 21 |
| Forward P/E | 23.0× | 25.8× | 8th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 4.0% | 15.0% | least demanding of 14 |
| Growth delivered (Del g) | +13.5% | +11.6% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -9.4 pp | +2.3 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | +1.0 pp | -1.5 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GRG Banking Equipment 002152.SZ | China | $3.26B | -25% | 0% | 9% | 23.0× | 4.0% | +13.5% |
| Shenzhen SEICHI Technologies 688627.SS | China | $3.37B | -24% | +65% | 3% | 89.1× | n/a | n/a |
| Syntec Technology 7750.TW | Taiwan | $3.15B | -46% | +60% | 25% | 13.2× | 17.2% | +24.3% |
| Addsino 000547.SZ | China | $3.02B | -49% | -6% | -54% | n/a | n/a | n/a |
| Shanghai Lingang 600848.SS | China | $3.00B | -9% | -26% | 15% | 19.4× | 12.9% | +15.1% |
| Ginlong Technologies 300763.SZ | China | $2.98B | -47% | +4% | 11% | 19.2× | 10.0% | +27.2% |
| GeniuS Electronic Optical 3406.TW | Taiwan | $2.81B | +59% | +16% | 20% | 20.1× | 5.9% | +9.5% |
| Kehua Data 002335.SZ | China | $2.81B | -41% | +5% | 5% | 31.4× | 16.7% | +14.4% |
| Oxford Nanopore Technologies ONT.L | United Kingdom | $2.71B | +75% | +15% | -55% | n/a | n/a | n/a |
| Focuslight Technologies 688167.SS | China | $2.71B | -44% | +22% | -9% | 284.8× | n/a | n/a |
| Ningbo Sanxing Medical Electric 601567.SS | China | $2.66B | -37% | -11% | 3% | 15.8× | 4.8% | +15.1% |
| Shenzhen CSL Vacuum Science & Technology 688785.SS | China | $2.62B | -21% | -2% | 18% | n/a | n/a | n/a |
| Suzhou HYC Technology 688001.SS | China | $2.59B | -31% | +19% | 6% | 61.1× | 37.6% | +5.9% |
| CIQTEK 688828.SS | China | $4.17B | n/a | +33% | -5% | n/a | n/a | n/a |
| Dexerials 4980.T | Japan | $2.55B | -4% | +5% | 35% | 13.8× | 15.0% | +11.6% |
| Vaisala VAIAS.HE | Finland | $2.54B | +22% | +2% | 16% | 26.9× | 9.7% | +9.5% |
| Itron ITRI | United States | $4.32B | +20% | -4% | 14% | 14.5× | 9.2% | +1.7% |
| INFICON IFCN.SW | Switzerland | $4.51B | 0% | -2% | 17% | 32.8× | 19.7% | +8.4% |
| Sineng Electric 300827.SZ | China | $2.35B | -25% | +29% | 12% | 24.7× | n/a | n/a |
| Keli Sensing Technology (Ningbo) 603662.SS | China | $2.28B | -4% | +24% | 19% | 51.6× | 24.7% | +13.4% |
| Novanta NOVT | United States | $5.11B | -2% | +8% | 12% | 33.9× | 33.5% | +10.7% |