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Hunan state-owned maker of aircraft brake systems, carbon/carbon composites, cemented carbide and rare-metal powders.
Hunan state-owned maker of aircraft brake systems, carbon/carbon composites, cemented carbide and rare-metal powders.
Sells aircraft wheel-brake systems and brake discs, parts that wear out and are replaced, so aviation approvals are its entry ticket; it is the sole domestic supplier of the C919 airliner's brake system. Cemented carbide and rare-metal powders for tools and industry are a second leg.
Moat: narrow (IP / patents, customer qualification). Aviation approvals for several airliner brakes; sole domestic supplier of the C919 brake system.
Headquarters: Changsha, China · Employees: 887
Size Hunan Boyun New Materials (002297.SZ) is a China Industrials company (Metal Fabrication) with a market value of $1.25B, the 1911th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.51 on 6 Nov 2026.
Performance Over six months the shares fell 40.8%, against -25.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 37.4% over the last twelve months (peer median +17.3%); the operating margin is 14.7% (peer median 7.7%).
Valuation It trades at 6.7× enterprise value to sales against a peer median of 3.0× (3rd most expensive of 21).
Capital Return on invested capital runs 6.6 points below its cost of capital (14.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.26B | CN¥909M | CN¥711M | CN¥589M | CN¥549M |
| Revenue growth | — | +28% | +21% | +7% | — |
| Gross profit | CN¥538M | CN¥224M | CN¥122M | CN¥128M | CN¥123M |
| EBITDA | n/a | CN¥151M | CN¥29.3M | CN¥90.9M | CN¥85.3M |
| Net income | CN¥174M | CN¥61.9M | -CN¥67.2M | CN¥29.3M | CN¥23.9M |
| Free cash flow | -CN¥117M | -CN¥32.6M | -CN¥59.7M | -CN¥178M | -CN¥116M |
| Capital expenditure | CN¥75.0M | CN¥133M | CN¥120M | CN¥194M | CN¥162M |
| Total debt | CN¥620M | CN¥625M | CN¥567M | CN¥404M | CN¥280M |
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 |
|---|---|---|---|---|---|---|
| Hunan Boyun New Materials 002297.SZ | $1.25B | -41% | +37% | 15% | 6.7× | n/a |
| Safran SAF.PA | $138B | +4% | +14% | 13% | 3.6× | 22.2% |
| RTX RTX | $256B | +8% | +12% | 11% | 3.0× | 8.4% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 2.4× | 4.1% |
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 | 002297.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.4% | -5.9% | 4th lowest of 21 |
| 6-month return | -40.8% | -25.9% | 4th lowest of 21 |
| Distance from 52-week high | -59.6% | -45.3% | 4th lowest of 21 |
| Revenue growth (TTM) | +37.4% | +17.3% | 3rd highest of 21 |
| Operating margin | 14.7% | 7.7% | 5th highest of 21 |
| EV / Sales | 6.7× | 3.0× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -6.6 pp | -2.3 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hunan Boyun New Materials 002297.SZ | China | $1.25B | -41% | +37% | 15% | 6.7× | n/a | n/a |
| Guangdong Xianglu Tungsten 002842.SZ | China | $1.23B | -38% | +126% | 15% | 2.1× | n/a | n/a |
| Shanghai Unison Aluminium Products 603418.SS | China | $1.23B | -18% | +26% | 11% | 1.7× | n/a | n/a |
| Qingdao Yunlu Advanced Materials Technology 688190.SS | China | $1.22B | -17% | -2% | 12% | 4.3× | 20.5% | +21.5% |
| Dongguan Eontec 300328.SZ | China | $1.18B | -37% | +9% | -9% | 5.0× | n/a | n/a |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 3.0× | n/a | n/a |
| Wuxi Paike New Materials and Technology 605123.SS | China | $1.34B | -31% | +23% | 8% | 2.3× | n/a | n/a |
| OKE Precision Cutting Tools 688308.SS | China | $1.15B | -49% | +79% | 25% | 4.3× | n/a | n/a |
| Baotou Tianhe Magnetics Technology 603072.SS | China | $1.13B | -24% | +22% | 8% | 2.7× | 24.9% | +15.3% |
| Riyue Heavy Industry 603218.SS | China | $1.41B | -28% | -17% | 5% | 1.6× | 5.0% | +4.1% |
| Freewon China 688678.SS | China | $1.41B | -13% | +33% | 6% | 3.7× | n/a | n/a |
| Jiangsu Gian Technology 300709.SZ | China | $1.10B | -5% | +17% | 0% | 2.2× | n/a | n/a |
| Jiangsu Chint Power Technology 002150.SZ | China | $1.10B | -30% | +23% | 11% | 2.0× | n/a | n/a |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 1.1× | 5.7% | +11.7% |
| Sanwei 603033.SS | China | $1.04B | -40% | +10% | -6% | 2.3× | 13.7% | +21.1% |
| China Harzone Industry 300527.SZ | China | $1.03B | -18% | -12% | 1% | 5.4× | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | 8.2× | n/a | n/a |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 5.4× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 3.8× | 23.1% | +12.0% |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 3.0× | n/a | n/a |
| Essence Fastening Systems (Shanghai) 301005.SZ | China | $1.54B | -55% | +17% | 0% | 11.2× | n/a | n/a |