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Chinese maker of industrial and commercial refrigeration equipment for cold-chain and LNG applications.
Chinese maker of industrial and commercial refrigeration equipment for cold-chain and LNG applications.
Moat: narrow (process know-how, installed base). Established engineering expertise in large-scale industrial refrigeration systems.
Headquarters: Fuzhou, China · Founded: 1990 · Employees: 4,724
Size Fujian Snowman (002639.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.70B, the 1469th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.50 on 6 Nov 2026.
Performance Over six months the shares fell 18.2%, against -16.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +16.7%); the operating margin is 1.2% (peer median 14.8%).
Valuation It trades at 4.3× enterprise value to sales against a peer median of 3.2× (6th most expensive of 21).
Capital Return on invested capital runs 5.9 points below its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.83B | CN¥2.52B | CN¥2.28B | CN¥2.03B | CN¥1.96B |
| Revenue growth | — | +11% | +12% | +3% | — |
| Gross profit | CN¥608M | CN¥484M | CN¥480M | CN¥368M | CN¥254M |
| EBITDA | n/a | CN¥172M | CN¥230M | CN¥122M | -CN¥43.2M |
| Net income | -CN¥26.2M | CN¥36.5M | CN¥36.0M | -CN¥16.8M | -CN¥203M |
| Free cash flow | -CN¥123M | CN¥2.77M | CN¥269M | -CN¥137M | -CN¥187M |
| Capital expenditure | CN¥281M | CN¥107M | CN¥89.0M | CN¥216M | CN¥70.1M |
| Total debt | CN¥1.74B | CN¥1.31B | CN¥1.11B | CN¥1.31B | CN¥1.19B |
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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 | 002639.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | -8.5% | highest of 21 |
| 6-month return | -18.2% | -16.4% | 9th lowest of 21 |
| Distance from 52-week high | -50.4% | -43.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +8.7% | +16.7% | 10th lowest of 21 |
| Operating margin | 1.2% | 14.8% | 2nd lowest of 21 |
| EV / Sales | 4.3× | 3.2× | 6th most expensive of 21 |
| ROIC minus cost of capital | -5.9 pp | +0.5 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Snowman 002639.SZ | China | $1.70B | -18% | +9% | 1% | 4.3× | n/a | n/a |
| Sanhe Tongfei Refrigeration 300990.SZ | China | $1.69B | -18% | +23% | 8% | 3.0× | 31.4% | +36.2% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 3.1× | 13.7% | +12.2% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 1.2× | 8.7% | +15.8% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 0.7× | 2.0% | +8.9% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 3.5× | 16.3% | +5.2% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 3.5× | 6.1% | +11.5% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 7.0× | 45.8% | +25.4% |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 3.4× | 5.3% | +9.1% |
| Ningbo PIA Automation 688306.SS | China | $1.74B | +3% | +7% | 4% | 4.3× | 35.2% | +8.7% |
| Xizi Clean Energy Equipment Manufacturing 002534.SZ | China | $1.74B | -19% | -2% | 3% | 1.9× | 25.7% | +3.1% |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 12.5× | n/a | n/a |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | 16.2× | n/a | n/a |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 3.3× | 9.2% | +6.8% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 2.0× | 10.6% | +35.1% |
| Kennametal KMT | United States | $1.76B | -36% | +32% | 31% | 1.0× | n/a | n/a |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 0.5× | -3.2% | +6.6% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 1.9× | -13.9% | +9.8% |
| Shareate Tools 688257.SS | China | $1.78B | -42% | +69% | 25% | 3.4× | n/a | n/a |
| Beijing OriginWater Technology 300070.SZ | China | $1.78B | -16% | -10% | 5% | 5.4× | 17.0% | -4.1% |
| Gorman-Rupp GRC | United States | $1.79B | -12% | +6% | 16% | 2.7× | 11.8% | +14.4% |