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Hunan maker of flat magnet wire and power, specialty and equipment cables.
Hunan maker of flat magnet wire and power, specialty and equipment cables.
Sells wire and cable priced mainly as the metal cost plus a processing margin, so copper pass-through shapes results. Flat magnet wire, used in electric-vehicle motors and ultra-high-voltage transformers, is the faster-growing line, while cables supply grid and construction projects from five regional plants. A 2020 tie-up with Wuxi Tongli strengthened its flat-wire position.
Moat: narrow (scale, process know-how). One of China's largest flat magnet-wire sellers, with enamel, film and PEEK insulation skills; cables stay competitive.
Headquarters: Changsha, China · Employees: 4,890
Size Goldcup Electric Apparatus (002533.SZ) is a China Industrials company (Electrical Products) with a market value of $1.14B, the 2062nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.50 on 6 Nov 2026.
Performance Over six months the shares fell 21.1%, against -34.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 23.5% over the last twelve months (peer median +20.8%); the operating margin is 3.0% (peer median 5.0%).
Valuation It trades at 11.0× forward earnings against a peer median of 25.2× (2nd cheapest of 16).
Capital Return on invested capital runs 0.8 points above its cost of capital (5.1% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥24.3B | CN¥20.3B | CN¥17.7B | CN¥15.3B | CN¥13.2B |
| Revenue growth | — | +15% | +16% | +16% | — |
| Gross profit | CN¥2.46B | CN¥2.00B | CN¥1.75B | CN¥1.65B | CN¥1.45B |
| EBITDA | n/a | CN¥938M | CN¥882M | CN¥806M | CN¥615M |
| Net income | CN¥626M | CN¥600M | CN¥569M | CN¥523M | CN¥371M |
| Free cash flow | -CN¥535M | CN¥24.6M | CN¥141M | CN¥282M | CN¥456M |
| Capital expenditure | CN¥47.2M | CN¥259M | CN¥209M | CN¥116M | CN¥228M |
| Total debt | CN¥7.24B | CN¥4.87B | CN¥3.91B | CN¥2.83B | CN¥2.06B |
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 |
|---|---|---|---|---|---|---|
| Goldcup Electric Apparatus 002533.SZ | $1.14B | -21% | +23% | 3% | 11.0× | n/a |
| Tongling Jingda Special Magnet Wire 600577.SS | $2.39B | -45% | +26% | 3% | 20.4× | 9.8% |
| Jiangsu Zhongtian Technology 600522.SS | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% |
| Ningbo Orient Wires & Cables 603606.SS | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% |
| Baosheng Science & Technology Innovation 600973.SS | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% |
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 | 002533.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.4% | -17.1% | 4th highest of 21 |
| 6-month return | -21.1% | -34.1% | 4th highest of 20 |
| Distance from 52-week high | -36.8% | -54.3% | 7th highest of 21 |
| Revenue growth (TTM) | +23.5% | +20.8% | 9th highest of 21 |
| Operating margin | 3.0% | 5.0% | 9th lowest of 21 |
| Forward P/E | 11.0× | 25.2× | 2nd cheapest of 16 |
| ROIC minus cost of capital | +0.8 pp | -2.6 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 19.5× | n/a | n/a |