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Leading Chinese maker of precision gears and driveline components for automotive, construction machinery and industrial robotics.
Leading Chinese maker of precision gears and driveline components for automotive, construction machinery and industrial robotics.
Makes gears to customer drawings and supplies them under programmes tied to a vehicle model's life, so volume follows the customer models it is designed into. Gears for electric-vehicle drive units are a growth area, and precision reducers used in industrial robot joints are a newer line it has been building.
In one line: A Chinese precision-gear maker, akin to a smaller American Axle/GKN in gears.
Moat: narrow (process know-how, customer qualification). Precision gear-manufacturing know-how qualified into automaker and robotics supply chains.
Headquarters: Huangyan, Zhejiang, China · Employees: 8,982
Size Zhejiang Shuanghuan Driveline (002472.SZ) is a China Industrials company (Industrial Machinery) with a market value of $5.46B, the 459th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥42.80 on 6 Nov 2026.
Performance Over six months the shares gained 9.0%, against -11.7% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +13.1%); the operating margin is 15.1% (peer median 14.9%).
Valuation It trades at 26.9× forward earnings against a peer median of 19.9× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (7.7% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.76B | CN¥9.09B | CN¥8.75B | CN¥8.05B | CN¥6.83B |
| Revenue growth | — | +4% | +9% | +18% | — |
| Gross profit | CN¥3.33B | CN¥2.37B | CN¥2.08B | CN¥1.69B | CN¥1.36B |
| EBITDA | n/a | CN¥2.39B | CN¥2.00B | CN¥1.63B | CN¥1.24B |
| Net income | CN¥1.28B | CN¥1.26B | CN¥1.02B | CN¥816M | CN¥582M |
| Free cash flow | CN¥538M | CN¥295M | -CN¥307M | CN¥307M | -CN¥401M |
| Capital expenditure | CN¥1.97B | CN¥2.07B | CN¥1.99B | CN¥1.27B | CN¥1.63B |
| Total debt | CN¥6.64B | CN¥5.13B | CN¥3.55B | CN¥2.50B | CN¥3.32B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Shuanghuan Driveline 002472.SZ | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% |
| Zhejiang Wanliyang 002434.SZ | $1.19B | -13% | -30% | -10% | 15.5× | n/a |
| Leader Harmonious Drive Systems 688017.SS | $7.84B | +27% | +46% | 15% | 283.8× | n/a |
| Nabtesco 6268.T | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% |
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 | 002472.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.6% | -12.2% | 3rd highest of 21 |
| 6-month return | +9.0% | -11.7% | 5th highest of 20 |
| Distance from 52-week high | -13.5% | -28.9% | 7th highest of 21 |
| Revenue growth (TTM) | +14.8% | +13.1% | 10th highest of 21 |
| Operating margin | 15.1% | 14.9% | 11th highest of 21 |
| Forward P/E | 26.9× | 19.9× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 11.0% | 10.6% | 9th least demanding of 17 |
| Growth delivered (Del g) | +20.0% | +10.7% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | -9.0 pp | +0.5 pp | 4th least demanding of 17 |
| ROIC minus cost of capital | +3.4 pp | +5.5 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 54.3× | n/a | n/a |
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| ESAB ESAB | United States | $5.15B | -18% | +11% | 13% | 14.0× | 12.7% | +7.8% |
| Kion KGX.DE | Germany | $5.05B | -25% | +3% | 6% | 10.4× | n/a | n/a |
| Valmet VALMT.HE | Finland | $5.97B | +30% | +3% | 10% | 13.8× | 2.1% | +6.8% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |
| Airtac International 1590.TW | Taiwan | $6.11B | -30% | +23% | 33% | 15.8× | 5.0% | +12.4% |
| Welspun WELCORP.NS | India | $6.13B | +70% | +14% | 12% | 25.5× | 24.9% | +19.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| Horiba 6856.T | Japan | $4.79B | -17% | +12% | 17% | 14.4× | 11.2% | +12.2% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| UBTECH ROBOTICS 9880.HK | Hong Kong | $4.73B | -41% | +90% | -21% | n/a | n/a | n/a |
| AAON AAON | United States | $4.72B | -59% | +54% | 11% | 20.7× | n/a | n/a |
| Hangcha 603298.SS | China | $4.71B | -12% | +7% | 12% | 13.3× | 2.9% | +9.1% |
| Wuhan DR Laser Technology 300776.SZ | China | $4.69B | -24% | -23% | 19% | 37.9× | 51.8% | +13.6% |
| Circuit Fabology Microelectronics Equipment 9630.HK | Hong Kong | $4.68B | n/a | +103% | 27% | 36.1× | 8.5% | +34.4% |