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Chinese maker of robotic bagging and packaging automation systems for petrochemical, coal and building-materials industries.
Chinese maker of robotic bagging and packaging automation systems for petrochemical, coal and building-materials industries.
Designs, builds and installs bagging and palletising lines as projects, so sales are lumpy and tied to customers' capital spending. Its buyers are in industries whose own investment swings, such as petrochemicals, coal and cement.
Moat: narrow (process know-how, installed base). Specialized robotic packaging know-how for bulk-material industries with an established installed base.
Headquarters: Harbin, China · Employees: 4,919
Size Harbin Boshi Automation (002698.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.66B, the 1494th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.80 on 6 Nov 2026.
Performance Over six months the shares fell 15.5%, against -17.2% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +10.4%); the operating margin is 18.0% (peer median 8.0%).
Valuation It trades at 19.3× forward earnings against a peer median of 26.2× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.3 points above its cost of capital (7.0% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.79B | CN¥2.80B | CN¥2.84B | CN¥2.55B | CN¥2.14B |
| Revenue growth | — | -1% | +11% | +20% | — |
| Gross profit | CN¥1.01B | CN¥959M | CN¥916M | CN¥914M | CN¥762M |
| EBITDA | n/a | CN¥645M | CN¥625M | CN¥612M | CN¥499M |
| Net income | CN¥508M | CN¥564M | CN¥524M | CN¥534M | CN¥445M |
| Free cash flow | CN¥725M | CN¥414M | CN¥588M | CN¥67.2M | CN¥429M |
| Capital expenditure | CN¥36.4M | CN¥52.3M | CN¥101M | CN¥103M | CN¥54.0M |
| Total debt | CN¥537M | CN¥597M | CN¥549M | CN¥538M | CN¥488M |
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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 | 002698.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.3% | -6.6% | 6th highest of 21 |
| 6-month return | -15.5% | -17.2% | 10th highest of 21 |
| Distance from 52-week high | -43.1% | -42.3% | 11th highest of 21 |
| Revenue growth (TTM) | -1.7% | +10.4% | 5th lowest of 21 |
| Operating margin | 18.0% | 8.0% | 4th highest of 21 |
| Forward P/E | 19.3× | 26.2× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 5.3% | 10.6% | 4th least demanding of 16 |
| Growth delivered (Del g) | +9.1% | +9.8% | 8th lowest of 16 |
| Hurdle (Req g minus delivered) | -3.8 pp | +1.5 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | +6.3 pp | -0.9 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 19.3× | 5.3% | +9.1% |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 42.5× | 45.8% | +25.4% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 14.4× | 6.1% | +11.5% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 19.3× | 16.3% | +5.2% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 10.3× | 2.0% | +8.9% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 15.9× | 8.7% | +15.8% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 15.7× | 13.7% | +12.2% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| Sanhe Tongfei Refrigeration 300990.SZ | China | $1.69B | -18% | +23% | 8% | 29.9× | 31.4% | +36.2% |
| Fujian Snowman 002639.SZ | China | $1.70B | -18% | +9% | 1% | n/a | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Ningbo PIA Automation 688306.SS | China | $1.74B | +3% | +7% | 4% | 190.6× | 35.2% | +8.7% |
| Xizi Clean Energy Equipment Manufacturing 002534.SZ | China | $1.74B | -19% | -2% | 3% | 44.5× | 25.7% | +3.1% |