Employees: 3,236
Size Jiangsu Rainbow Heavy Industries (002483.SZ) is a China Industrials company (Industrial Machinery) with a market value of $745M, the 2929th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.60 on 6 Nov 2026.
Performance Over six months the shares fell 14.4%, against -23.8% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 30.0% over the last twelve months (peer median +4.5%); the operating margin is 9.6% (peer median 3.9%).
Valuation It trades at 7.8× forward earnings against a peer median of 28.9× (cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.0 points above its cost of capital (6.3% WACC).
Next results Next results expected around 6 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.44B | CN¥6.83B | CN¥8.22B | CN¥7.17B | CN¥5.17B |
| Revenue growth | — | -17% | +15% | +39% | — |
| Gross profit | CN¥1.48B | CN¥1.47B | CN¥1.91B | CN¥1.41B | CN¥984M |
| EBITDA | n/a | CN¥852M | CN¥1.21B | CN¥887M | CN¥564M |
| Net income | CN¥290M | CN¥361M | CN¥485M | CN¥55.4M | CN¥53.2M |
| Free cash flow | CN¥700M | CN¥1.16B | CN¥686M | CN¥850M | CN¥1.72B |
| Capital expenditure | CN¥438M | CN¥189M | CN¥119M | CN¥129M | CN¥112M |
| Total debt | CN¥1.76B | CN¥1.79B | CN¥1.39B | CN¥1.54B | CN¥2.06B |
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| Measure | 002483.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -6.4% | 11th highest of 21 |
| 6-month return | -14.4% | -23.8% | 6th highest of 21 |
| Distance from 52-week high | -32.7% | -47.5% | 5th highest of 21 |
| Revenue growth (TTM) | -30.0% | +4.5% | 2nd lowest of 21 |
| Operating margin | 9.6% | 3.9% | 4th highest of 21 |
| Forward P/E | 7.8× | 28.9× | cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -16.0% | 12.6% | least demanding of 11 |
| Growth delivered (Del g) | +13.6% | +3.2% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | -29.7 pp | +5.2 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +9.0 pp | -6.2 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Rainbow Heavy Industries 002483.SZ | China | $745M | -14% | -30% | 10% | 7.8× | -16.0% | +13.6% |
| Zhejiang Kingland Pipeline and Technologies 002443.SZ | China | $748M | -19% | -6% | 3% | 22.3× | 14.5% | -3.6% |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 28.9× | 34.3% | +221.8% |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 284.8× | -4.2% | -6.0% |
| Jintuo Technology 603211.SS | China | $735M | -33% | +12% | 5% | n/a | n/a | n/a |
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | n/a | n/a | n/a |
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | n/a | n/a | n/a |
| Ningbo Henghe Precision Industry 300539.SZ | China | $732M | -37% | +3% | 6% | n/a | n/a | n/a |
| Jiangsu Ankura Intelligent Electric 300617.SZ | China | $732M | -50% | +5% | 2% | 27.5× | n/a | n/a |
| Zhejiang Chunhui Intelligent Control 300943.SZ | China | $732M | -16% | +10% | 4% | n/a | 57.5% | +1.7% |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | n/a | n/a | n/a |
| Sinopec Oilfield Equipment 000852.SZ | China | $728M | -31% | -6% | 1% | 63.1× | n/a | n/a |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 166.1× | 11.8% | -11.3% |
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | n/a | -7.6% | +11.2% |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | n/a | 11.1% | +10.0% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 50.5× | n/a | n/a |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 19.8× | 13.3% | +4.7% |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 11.1× | -13.2% | +7.9% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 117.7× | n/a | n/a |
| EIZO 6737.T | Japan | $717M | +34% | +3% | 4% | 14.9× | 17.8% | +1.2% |
| Foshan Golden Milky Way Intelligent Equipment 300619.SZ | China | $717M | -34% | +40% | 4% | n/a | n/a | n/a |