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China's largest hand-tool maker, selling tape measures, wrenches and hardware globally under owned and private-label brands.
China's largest hand-tool maker, selling tape measures, wrenches and hardware globally under owned and private-label brands.
Makes much of its output as a contract manufacturer, to a retailer's specification and under that retailer's own label, which brings volume from big chains but little control over price. Selling its own brands is the smaller side. Export markets, above all North America and Europe, take most output, so tariffs and shipping costs matter.
In one line: China's Stanley Black & Decker in hand tools.
Moat: narrow (scale, brand, distribution). Largest Chinese hand-tool maker with owned brands and global retail distribution ties.
Headquarters: Hangzhou, China · Founded: 1993 · Employees: 13,632
Size Hangzhou GreatStar Industrial (002444.SZ) is a China Industrials company (Tools & Hardware) with a market value of $5.33B, the 475th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥29.88 on 6 Nov 2026.
Performance Over six months the shares fell 12.6%, against +18.7% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 7 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +6.1%); the operating margin is 15.1% (peer median 17.9%).
Valuation It trades at 13.0× forward earnings against a peer median of 18.3× (cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points above its cost of capital (8.6% WACC).
Next results Next results expected around 14 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.8B | CN¥14.6B | CN¥14.8B | CN¥10.9B | CN¥12.6B |
| Revenue growth | — | -1% | +35% | -13% | — |
| Gross profit | CN¥5.39B | CN¥4.63B | CN¥4.59B | CN¥3.34B | CN¥3.21B |
| EBITDA | n/a | CN¥2.62B | CN¥2.77B | CN¥1.84B | CN¥1.76B |
| Net income | CN¥2.40B | CN¥2.51B | CN¥2.30B | CN¥1.69B | CN¥1.42B |
| Free cash flow | CN¥1.40B | CN¥1.34B | CN¥1.25B | CN¥1.67B | CN¥1.26B |
| Capital expenditure | CN¥657M | CN¥972M | CN¥489M | CN¥438M | CN¥432M |
| Total debt | CN¥3.75B | CN¥1.62B | CN¥3.61B | CN¥2.38B | CN¥2.84B |
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 |
|---|---|---|---|---|---|---|
| Hangzhou GreatStar Industrial 002444.SZ | $5.33B | -13% | +6% | 15% | 13.0× | 5.8% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
| Techtronic Ind 0669.HK | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% |
| Snap-on SNA | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% |
| Makita 6586.T | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% |
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 | 002444.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +1.3% | 3rd highest of 7 |
| 6-month return | -12.6% | +18.7% | 2nd lowest of 7 |
| Distance from 52-week high | -23.7% | -12.8% | 2nd lowest of 7 |
| Revenue growth (TTM) | +6.3% | +6.1% | 4th highest of 7 |
| Operating margin | 15.1% | 17.9% | 4th highest of 7 |
| Forward P/E | 13.0× | 18.3× | cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 5.8% | 4.8% | 4th least demanding of 7 |
| Growth delivered (Del g) | +11.5% | +5.3% | 2nd highest of 7 |
| Hurdle (Req g minus delivered) | -5.7 pp | -1.8 pp | least demanding of 7 |
| ROIC minus cost of capital | +2.7 pp | +6.0 pp | 4th highest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou GreatStar Industrial 002444.SZ | China | $5.33B | -13% | +6% | 15% | 13.0× | 5.8% | +11.5% |
| Codan CDA.AX | Australia | $6.88B | +41% | +30% | 28% | 36.4× | 26.4% | +14.9% |
| Makita 6586.T | Japan | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% | +5.0% |
| Husqvarna HUSQ-A.ST | Sweden | $1.94B | -24% | -6% | 6% | 13.5× | -2.0% | +2.1% |
| Allegion ALLE | United States | $15.6B | +39% | +10% | 22% | 18.7× | 7.6% | +8.4% |
| Stanley Black & Decker SWK | United States | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% | +3.0% |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |