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Chinese maker of hydraulic-lubrication and cooling systems for wind turbines, expanding into data-centre liquid cooling and energy storage.
Chinese maker of hydraulic-lubrication and cooling systems for wind turbines, expanding into data-centre liquid cooling and energy storage.
Earned its keep selling hydraulic lubrication and cooling units to wind-turbine makers, and is shifting weight toward liquid-cooling systems for AI data centres and energy-storage equipment, where competition is crowded. Wind-turbine makers remain the base customers, while liquid cooling is sold to data-centre equipment suppliers such as Vertiv.
Moat: narrow (customer qualification, process know-how). Three decades in wind hydraulic lubrication and cooling, qualified by major turbine makers.
Employees: 1,838
Size Sichuan Crun (002272.SZ) is a China Industrials company (Industrial Machinery) with a market value of $757M, the 2882nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.50 on 6 Nov 2026.
Performance Over six months the shares fell 33.5%, against -21.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +3.7%); the operating margin is -3.7% (peer median 4.1%).
Valuation It trades at 3.3× enterprise value to sales against a peer median of 3.2× (11th cheapest of 21).
Capital Return on invested capital runs 9.3 points below its cost of capital (9.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.84B | CN¥1.74B | CN¥1.59B | CN¥1.66B | CN¥1.69B |
| Revenue growth | — | +10% | -4% | -2% | — |
| Gross profit | CN¥331M | CN¥287M | CN¥248M | CN¥224M | CN¥302M |
| EBITDA | n/a | CN¥80.4M | CN¥12.4M | CN¥41.0M | CN¥74.2M |
| Net income | -CN¥83.7M | -CN¥24.9M | -CN¥116M | -CN¥63.6M | CN¥12.0M |
| Free cash flow | -CN¥150M | -CN¥34.7M | -CN¥173M | CN¥67.2M | -CN¥140M |
| Capital expenditure | CN¥124M | CN¥106M | CN¥41.5M | CN¥20.5M | CN¥40.0M |
| Total debt | CN¥1.24B | CN¥1.16B | CN¥991M | CN¥1.01B | CN¥911M |
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 |
|---|---|---|---|---|---|---|
| Sichuan Crun 002272.SZ | $757M | -34% | +11% | -4% | 3.3× | n/a |
| Shenzhen Envicool Technology 002837.SZ | $7.13B | -49% | +22% | 9% | 6.9× | 56.2% |
| Vertiv VRT | $70.4B | -46% | +35% | 21% | 5.3× | 25.4% |
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 | 002272.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -5.9% | 6th lowest of 21 |
| 6-month return | -33.5% | -21.1% | 6th lowest of 21 |
| Distance from 52-week high | -55.8% | -47.9% | 6th lowest of 21 |
| Revenue growth (TTM) | +11.3% | +3.7% | 6th highest of 21 |
| Operating margin | -3.7% | 4.1% | 6th lowest of 21 |
| EV / Sales | 3.3× | 3.2× | 11th cheapest of 21 |
| ROIC minus cost of capital | -9.3 pp | -5.9 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | 3.3× | n/a | n/a |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | 1.7× | n/a | n/a |
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | 5.6× | n/a | n/a |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 14.4× | 11.8% | -11.3% |
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | 1.2× | -7.6% | +11.2% |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 2.4× | -4.2% | -6.0% |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 2.3× | 34.3% | +221.8% |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | 2.2× | 11.1% | +10.0% |
| Zhejiang Kingland Pipeline and Technologies 002443.SZ | China | $748M | -19% | -6% | 3% | 1.0× | 14.5% | -3.6% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 5.0× | n/a | n/a |
| Jiangsu Rainbow Heavy Industries 002483.SZ | China | $745M | -14% | -30% | 10% | 0.6× | -16.0% | +13.6% |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 4.3× | 13.3% | +4.7% |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 0.2× | -13.2% | +7.9% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 4.0× | n/a | n/a |
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 9.4× | 37.2% | +18.7% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | 2.2× | 22.3% | -6.0% |
| Jintuo Technology 603211.SS | China | $735M | -33% | +12% | 5% | 3.9× | n/a | n/a |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 2.4× | 24.9% | +3.9% |
| Ningbo Henghe Precision Industry 300539.SZ | China | $732M | -37% | +3% | 6% | 5.1× | n/a | n/a |
| Jiangsu Ankura Intelligent Electric 300617.SZ | China | $732M | -50% | +5% | 2% | 4.3× | n/a | n/a |
| Zhejiang Chunhui Intelligent Control 300943.SZ | China | $732M | -16% | +10% | 4% | 7.8× | 57.5% | +1.7% |