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China's leading premium kitchen-appliance brand, best known for range hoods and built-in gas/induction cooktops.
China's leading premium kitchen-appliance brand, best known for range hoods and built-in gas/induction cooktops.
Sells through a mix of dealers and stores, online shops and direct supply to property developers; the developer channel follows new-home completions while retail follows renovation and replacement. The founding family controls the company.
In one line: China's built-in-kitchen Whirlpool, hood-led.
Moat: narrow (brand, distribution). Strong premium brand recall and dealer network in China's range-hood category.
Headquarters: Hangzhou, China · Founded: 1979 · Employees: 4,980
Size Hangzhou Robam Appliances (002508.SZ) is a China Consumer Discretionary company (Electronics/Appliances) with a market value of $2.28B, the 1114th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.20 on 6 Nov 2026.
Performance Over six months the shares fell 9.7%, against +3.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 18.1% over the last twelve months (peer median +6.2%); the operating margin is 7.6% (peer median 7.2%).
Valuation It trades at 14.4× forward earnings against a peer median of 18.8× (4th cheapest of 18).
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 +5%, so the hurdle is +2 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 0.9 points below its cost of capital (7.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.07B | CN¥10.1B | CN¥11.1B | CN¥11.1B | CN¥10.2B |
| Revenue growth | — | -9% | 0% | +9% | — |
| Gross profit | CN¥4.55B | CN¥4.93B | CN¥5.36B | CN¥5.50B | CN¥5.00B |
| EBITDA | n/a | CN¥1.35B | CN¥1.61B | CN¥1.87B | CN¥1.61B |
| Net income | CN¥937M | CN¥1.26B | CN¥1.58B | CN¥1.73B | CN¥1.57B |
| Free cash flow | CN¥672M | CN¥1.44B | CN¥1.53B | CN¥2.15B | CN¥1.54B |
| Capital expenditure | CN¥196M | CN¥250M | CN¥258M | CN¥327M | CN¥503M |
| Total debt | CN¥918M | CN¥1.21B | CN¥1.17B | CN¥1.21B | CN¥949M |
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 Robam Appliances 002508.SZ | $2.28B | -10% | -18% | 8% | 14.4× | 6.3% |
| Vatti 002035.SZ | $536M | -26% | -13% | 4% | 13.6× | n/a |
| Midea 000333.SZ | $101B | +10% | +2% | 9% | 14.5× | -3.2% |
| Haier Smart Home 600690.SS | $28.0B | 0% | -8% | 7% | 11.1× | -5.9% |
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 | 002508.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | +0.3% | 9th lowest of 21 |
| 6-month return | -9.7% | +3.6% | 10th lowest of 21 |
| Distance from 52-week high | -28.0% | -27.3% | 11th highest of 21 |
| Revenue growth (TTM) | -18.1% | +6.2% | lowest of 21 |
| Operating margin | 7.6% | 7.2% | 11th highest of 21 |
| Forward P/E | 14.4× | 18.8× | 4th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 4.4% | 6th most demanding of 14 |
| Growth delivered (Del g) | +4.5% | +7.6% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | +1.8 pp | -3.9 pp | 4th most demanding of 14 |
| ROIC minus cost of capital | -0.9 pp | +0.4 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Robam Appliances 002508.SZ | China | $2.28B | -10% | -18% | 8% | 14.4× | 6.3% | +4.5% |
| Shanghai Flyco Electrical Appliance 603868.SS | China | $2.34B | +4% | +1% | 17% | 24.2× | 4.6% | +1.5% |
| Theon International THEON.AS | Netherlands | $2.36B | -10% | +32% | 23% | 17.1× | 18.7% | +52.2% |
| Cowell e 1415.HK | Hong Kong | $2.38B | -33% | +15% | 7% | 9.8× | -10.3% | +36.2% |
| Electrolux ELUX-A.ST | Sweden | $2.50B | +11% | -3% | -1% | 18.1× | 1.2% | +2.6% |
| Whirlpool WHR | United States | $2.01B | -32% | -6% | 2% | n/a | n/a | n/a |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Spectrum Brands SPB | United States | $1.99B | +6% | +1% | 9% | 17.1× | -2.5% | +1.4% |
| Sonos SONO | United States | $1.94B | +9% | +6% | 6% | 149.2× | 17.3% | +1.7% |
| Casio Computer 6952.T | Japan | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% | +4.0% |
| Kingclean Electric 603355.SS | China | $2.79B | +4% | -2% | 8% | 35.9× | 4.4% | +9.4% |
| Joyoung 002242.SZ | China | $2.87B | +131% | -7% | -1% | 159.7× | n/a | n/a |
| Tatung 2371.TW | Taiwan | $1.70B | -15% | +8% | 4% | 10.0× | n/a | n/a |
| Nikon 7731.T | Japan | $3.17B | -12% | -4% | -2% | 45.4× | n/a | n/a |
| Edifier Technology 002351.SZ | China | $1.60B | +8% | -1% | 18% | 22.3× | 3.0% | +7.6% |
| Sichuan Jiuzhou Electric 000801.SZ | China | $1.58B | -19% | +20% | 3% | 45.1× | n/a | n/a |
| Breville BRG.AX | Australia | $3.33B | +13% | +7% | 11% | 31.1× | 26.4% | +8.8% |
| Seb SK.PA | France | $3.55B | +8% | -1% | 8% | 12.1× | -0.8% | +3.3% |
| Shenzhen Newway Photomask Making 688401.SS | China | $1.45B | -27% | +18% | 26% | 17.9× | 23.6% | +23.7% |
| OneRobotics (Shenzhen) 6600.HK | Hong Kong | $1.41B | -55% | +48% | -9% | n/a | n/a | n/a |
| Gettop Acoustic 002655.SZ | China | $1.39B | -19% | +11% | 2% | n/a | n/a | n/a |