Loading…
Chinese maker of needle-roller and other precision bearings for autos and machinery.
Chinese maker of needle-roller and other precision bearings for autos and machinery.
Earns by selling small, precision needle bearings in large production runs to automotive and machinery customers, usually after a long approval process, so supply to a given vehicle program tends to continue for that program's life. Autos are the main outlet.
Moat: narrow (process know-how, customer qualification). Qualified precision-bearing supplier; requalifying a bearing line is costly for customers.
Headquarters: Changzhou, China · Employees: 4,219
Size Changzhou Nrb (002708.SZ) is a China Industrials company (Metal Fabrication) with a market value of $1.63B, the 1522nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥19.97 on 6 Nov 2026.
Performance Over six months the shares gained 49.7%, against -20.6% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 28.8% over the last twelve months (peer median +16.4%); the operating margin is 0.7% (peer median 9.2%).
Valuation It trades at 74.0× forward earnings against a peer median of 23.7× (4th most expensive of 17).
Capital Return on invested capital runs 4.0 points below its cost of capital (7.4% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.19B | CN¥2.71B | CN¥2.29B | CN¥1.81B | CN¥1.48B |
| Revenue growth | — | +18% | +27% | +22% | — |
| Gross profit | CN¥570M | CN¥427M | CN¥296M | CN¥124M | -CN¥1.28M |
| EBITDA | n/a | CN¥282M | CN¥242M | CN¥36.4M | -CN¥89.8M |
| Net income | CN¥95.7M | CN¥101M | CN¥51.0M | -CN¥117M | -CN¥234M |
| Free cash flow | -CN¥333M | -CN¥63.1M | -CN¥196M | -CN¥63.8M | -CN¥298M |
| Capital expenditure | CN¥222M | CN¥105M | CN¥96.2M | CN¥72.2M | CN¥159M |
| Total debt | CN¥2.24B | CN¥1.31B | CN¥1.01B | CN¥839M | CN¥790M |
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.
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 | 002708.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.8% | -14.0% | highest of 21 |
| 6-month return | +49.7% | -20.6% | highest of 21 |
| Distance from 52-week high | -7.1% | -49.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +28.8% | +16.4% | 7th highest of 21 |
| Operating margin | 0.7% | 9.2% | 3rd lowest of 21 |
| Forward P/E | 74.0× | 23.7× | 4th most expensive of 17 |
| ROIC minus cost of capital | -4.0 pp | -1.9 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Changzhou Nrb 002708.SZ | China | $1.63B | +50% | +29% | 1% | 74.0× | n/a | n/a |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 91.6× | n/a | n/a |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Suzhou UIGreen Micro&Nano Technologies 688661.SS | China | $1.55B | -44% | -7% | -3% | 44.2× | n/a | n/a |
| Essence Fastening Systems (Shanghai) 301005.SZ | China | $1.54B | -55% | +17% | 0% | n/a | n/a | n/a |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 11.1× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 22.8× | 23.1% | +12.0% |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 82.0× | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | n/a | n/a | n/a |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 20.5× | 5.7% | +11.7% |
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% | +12.2% |
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | n/a | 11.3% | +54.0% |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 20.7× | 9.9% | +12.8% |
| Freewon China 688678.SS | China | $1.41B | -13% | +33% | 6% | 19.6× | n/a | n/a |
| Riyue Heavy Industry 603218.SS | China | $1.41B | -28% | -17% | 5% | 24.6× | 5.0% | +4.1% |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |
| Wuxi Paike New Materials and Technology 605123.SS | China | $1.34B | -31% | +23% | 8% | 22.0× | n/a | n/a |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 46.9× | n/a | n/a |
| Hunan Boyun New Materials 002297.SZ | China | $1.25B | -41% | +37% | 15% | n/a | n/a | n/a |