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Chinese maker of precision molds and manufacturing components, likely for consumer electronics.
Chinese maker of precision molds and manufacturing components, likely for consumer electronics.
Moat: none
Headquarters: Suzhou, China · Employees: 3,413
Size Suzhou Victory Precision Manufacture (002426.SZ) is a China Industrials company (Miscellaneous Manufacturing) with a market value of $1.17B, the 2005th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.18 on 6 Nov 2026.
Performance Over six months the shares fell 41.4%, against -11.2% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +4.3%); the operating margin is -19.9% (peer median 10.7%).
Valuation It trades at 2.6× enterprise value to sales against a peer median of 2.2× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is -18%, so the hurdle is +49 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 20.3 points below its cost of capital (8.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.59B | CN¥3.54B | CN¥3.30B | CN¥3.42B | CN¥4.09B |
| Revenue growth | — | +7% | -4% | -16% | — |
| Gross profit | CN¥360M | CN¥275M | CN¥215M | CN¥47.2M | CN¥238M |
| EBITDA | n/a | CN¥79.2M | -CN¥282M | -CN¥66.7M | CN¥101M |
| Net income | -CN¥920M | -CN¥711M | -CN¥738M | -CN¥928M | -CN¥249M |
| Free cash flow | CN¥132M | CN¥22.5M | -CN¥108M | CN¥58.9M | CN¥70.5M |
| Capital expenditure | CN¥61.8M | CN¥69.6M | CN¥178M | CN¥221M | CN¥247M |
| Total debt | CN¥1.90B | CN¥2.03B | CN¥1.99B | CN¥2.04B | CN¥2.29B |
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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 | 002426.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.5% | -8.1% | 6th lowest of 21 |
| 6-month return | -41.4% | -11.2% | 3rd lowest of 21 |
| Distance from 52-week high | -54.7% | -36.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.5% | +4.3% | 10th highest of 21 |
| Operating margin | -19.9% | 10.7% | lowest of 21 |
| EV / Sales | 2.6× | 2.2× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.8% | 6.0% | most demanding of 15 |
| Growth delivered (Del g) | -18.0% | +4.8% | lowest of 15 |
| Hurdle (Req g minus delivered) | +48.8 pp | -0.1 pp | most demanding of 15 |
| ROIC minus cost of capital | -20.3 pp | -0.1 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Victory Precision Manufacture 002426.SZ | China | $1.17B | -41% | +7% | -20% | 2.6× | 30.8% | -18.0% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 1.2× | -4.5% | -3.5% |
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 2.9× | 18.0% | +14.5% |
| Cangzhou Mingzhu Plastic 002108.SZ | China | $1.10B | -28% | +14% | 5% | 3.0× | n/a | n/a |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 0.8× | -5.4% | +2.5% |
| INDUS INH.DE | Germany | $1.03B | +11% | +8% | 13% | 0.8× | -6.8% | +2.2% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 1.2× | n/a | n/a |
| Shanghai Hajime Advanced Material Technology 301000.SZ | China | $986M | -1% | +4% | 16% | 7.5× | n/a | n/a |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 2.5× | 15.4% | +25.0% |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 3.2× | 19.6% | +19.4% |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 1.6× | 13.0% | +3.5% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 0.9× | 8.2% | +4.4% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 6.9× | 18.0% | +8.2% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 2.0× | 3.8% | +9.0% |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 1.4× | 12.4% | +8.6% |
| Shenzhen Jame Technology 300868.SZ | China | $878M | -36% | +8% | -7% | 8.1× | n/a | n/a |
| Blue Sail Medical 002382.SZ | China | $861M | -24% | +23% | 7% | 1.3× | -6.5% | -6.1% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 1.2× | -1.0% | +5.1% |
| Riverstone AP4.SI | Singapore | $824M | -13% | -4% | 25% | 2.9× | 2.1% | -12.8% |
| Zhejiang Goldensea Hi-Tech 603311.SS | China | $823M | +28% | +3% | 7% | 5.8× | n/a | n/a |
| Zhejiang Kaier New Materials 300234.SZ | China | $816M | +73% | -17% | -9% | 18.4× | n/a | n/a |