Which companies are Shanghai Zhezhong's closest peers?

The cockpit's peer set: Fujian Nanping Sun Cable (002300.SZ), Changshu Fengfan Power Equipment (601700.SS), Kunshan GuoLi Electronic Technology (688103.SS), Warom Technology (603855.SS), Qingdao CHOHO Industrial (003033.SZ), Changgao Electric (002452.SZ), Sunway (603333.SS), Beijing SOJO Electric (300444.SZ).

How has Shanghai Zhezhong stock performed?

Over six months to 6 Nov 2026 the shares returned -20.7% against -19.6% for the median peer; over one year -21.2%.

← CockpitCompetitor Analysis › 002346.SZ Shanghai Zhezhong Group Co., Ltd. Class AOpen in the cockpit ↗

Shanghai Zhezhong Group Co., Ltd. Class A002346.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Electrical Products

Chinese industrial holding company with manufacturing operations in the Shanghai/Zhejiang region.

Momentum laggard 18

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$928M

US dollars, full cap

Free float

100%

of shares outstanding

$/day

$10.7M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-4.3 pp

WACC 8.6%

Hurdle

+15 pp

Req g minus delivered

Close · CNYCN¥14.07

1D-1.1%

1W+4.7%

1M-20.5%

3M-19.4%

6M-20.7%

YTD-30.7%

1Y-21.2%

ATR %4.9%

52w lowhigh48.8% off high

What Shanghai Zhezhong does

Chinese industrial holding company with manufacturing operations in the Shanghai/Zhejiang region.

Where it sits in the supply chain

Industrials
Manufacturing/holding

Moat: none

Headquarters: Shanghai, China · Employees: 465

Shanghai Zhezhong at a glance

Size Shanghai Zhezhong (002346.SZ) is a China Industrials company (Electrical Products) with a market value of $928M, the 2447th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.07 on 6 Nov 2026.

Performance Over six months the shares fell 20.7%, against -19.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 23.0% over the last twelve months (peer median +6.0%); the operating margin is 15.0% (peer median 3.2%).

Valuation It trades at 5.9× enterprise value to sales against a peer median of 2.1× (most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.3 points below its cost of capital (8.6% WACC).

Relative performance

Six months, rebased to 100: Shanghai Zhezhong against the median of its 20 peers (local-currency closes).

Shanghai Zhezhong financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥1.04B	CN¥846M	CN¥966M	CN¥1.11B	CN¥721M
Revenue growth	—	-12%	-13%	+55%	—
Gross profit	CN¥282M	CN¥209M	CN¥233M	CN¥204M	CN¥148M
EBITDA	n/a	CN¥138M	CN¥219M	CN¥165M	CN¥87.7M
Net income	CN¥376M	CN¥425M	CN¥73.1M	CN¥297M	CN¥451M
Free cash flow	CN¥231M	CN¥301M	CN¥257M	CN¥15.8M	-CN¥93.4M
Capital expenditure	CN¥8.18M	CN¥9.08M	CN¥17.9M	CN¥23.8M	CN¥187M
Total debt	CN¥447M	CN¥271M	CN¥265M	CN¥536M	CN¥63.3M

Quarterly statements and history in the cockpit →

Shanghai Zhezhong competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shanghai Zhezhong is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Zhezhong is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shanghai Zhezhong is the large dot.

Shanghai Zhezhong competitors and peer comparison

How Shanghai Zhezhong compares with its peers

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.

Shanghai Zhezhong against its 20 peers (data as of 6 Nov 2026)
Measure	002346.SZ	Peer median	Rank in peer set
1-month return	-20.5%	-7.4%	lowest of 21
6-month return	-20.7%	-19.6%	10th lowest of 20
Distance from 52-week high	-48.8%	-38.3%	9th lowest of 21
Revenue growth (TTM)	+23.0%	+6.0%	5th highest of 21
Operating margin	15.0%	3.2%	4th highest of 20
EV / Sales	5.9×	2.1×	most expensive of 21
Growth the price implies (Req g, 7 yrs)	22.1%	15.5%	5th most demanding of 15
Growth delivered (Del g)	+7.0%	+7.1%	7th lowest of 14
Hurdle (Req g minus delivered)	+15.1 pp	+7.8 pp	3rd most demanding of 14
ROIC minus cost of capital	-4.3 pp	-3.7 pp	8th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Shanghai Zhezhong 002346.SZ	China	$928M	-21%	+23%	15%	5.9×	22.1%	+7.0%
Fujian Nanping Sun Cable 002300.SZ	China	$924M	-9%	+9%	0%	0.7×	19.6%	+8.7%
Changshu Fengfan Power Equipment 601700.SS	China	$924M	0%	+31%	-9%	2.2×	n/a	n/a
Kunshan GuoLi Electronic Technology 688103.SS	China	$924M	+7%	+34%	5%	4.0×	37.7%	+26.6%
Warom Technology 603855.SS	China	$938M	+1%	-18%	15%	2.0×	-2.6%	+7.1%
Qingdao CHOHO Industrial 003033.SZ	China	$939M	+36%	+6%	9%	3.3×	14.2%	+14.6%
Changgao Electric 002452.SZ	China	$917M	-10%	-9%	19%	2.8×	2.6%	+1.3%
Sunway 603333.SS	China	$941M	+1%	+68%	3%	3.1×	n/a	n/a
Beijing SOJO Electric 300444.SZ	China	$912M	-52%	-11%	-4%	2.5×	n/a	n/a
Beijing Creative 002350.SZ	China	$946M	-19%	+7%	-1%	2.7×	54.8%	-0.3%
CWB Automotive Electronics 605005.SS	China	$907M	-21%	0%	9%	3.3×	9.4%	+9.3%
Temb Intelligent Tech Shandong 603448.SS	China	$951M	n/a	+16%	n/a	1.9×	45.6%	n/a
NITTO KOGYO 6651.T	Japan	$906M	-17%	+6%	8%	0.7×	-2.7%	+7.3%
Array Technologies ARRY	United States	$902M	-32%	-16%	0%	1.8×	57.9%	+8.0%
Shenzhen Center Power Tech 002733.SZ	China	$901M	-43%	+16%	5%	1.6×	16.9%	+6.4%
Motic (Xiamen) Electric 300341.SZ	China	$957M	-20%	+19%	12%	3.3×	17.7%	+5.1%
Jolywood (Suzhou) Sunwatt 300393.SZ	China	$958M	-42%	-48%	-62%	4.9×	5.1%	-2.7%
R&S Group Holding AG Pref RSGN.SW	Switzerland	$899M	-22%	+2%	18%	2.1×	-7.0%	+2.3%
Beijing Jingwei Hirain Technologies 688326.SS	China	$896M	-40%	+2%	-5%	1.1×	n/a	n/a
Jiangsu Zhongchao 002471.SZ	China	$963M	-45%	-5%	1%	1.7×	n/a	n/a
CSG Smart Science&Technology 300222.SZ	China	$966M	-27%	+26%	2%	2.0×	n/a	n/a

Questions

Which companies are Shanghai Zhezhong's closest peers?: The cockpit's peer set: Fujian Nanping Sun Cable (002300.SZ), Changshu Fengfan Power Equipment (601700.SS), Kunshan GuoLi Electronic Technology (688103.SS), Warom Technology (603855.SS), Qingdao CHOHO Industrial (003033.SZ), Changgao Electric (002452.SZ), Sunway (603333.SS), Beijing SOJO Electric (300444.SZ).
Is Shanghai Zhezhong expensive compared with its peers?: On ev / sales it trades at 5.9× against a peer median of 2.1×, most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Shanghai Zhezhong stock performed?: Over six months to 6 Nov 2026 the shares returned -20.7% against -19.6% for the median peer; over one year -21.2%.