Loading…
Chinese maker of metal and plastic packaging — cans, containers, caps and cylindrical battery-cell cases.
Chinese maker of metal and plastic packaging — cans, containers, caps and cylindrical battery-cell cases.
Supplies cylindrical cell cases to battery makers after qualifying with each customer, then ships in volume for the life of that cell design, while general metal packaging is bought mainly on price.
Moat: narrow (customer qualification, process know-how). Precision cylindrical cell cases require battery-maker qualification; general metal packaging is more commoditized.
Headquarters: Suzhou, Jiangsu, China · Founded: 1998 · Employees: 1,923
Size Suzhou Hycan (002787.SZ) is a China Materials company (Containers/Packaging) with a market value of $1.09B, the 2139th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.48 on 6 Nov 2026.
Performance Over six months the shares fell 9.9%, against -11.6% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +2.3%); the operating margin is 6.9% (peer median 5.9%).
Valuation It trades at 36.4× forward earnings against a peer median of 15.7× (2nd most expensive of 17).
Capital Return on invested capital runs 1.3 points below its cost of capital (10.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.35B | CN¥2.30B | CN¥2.44B | CN¥2.41B | CN¥2.26B |
| Revenue growth | — | -6% | +2% | +7% | — |
| Gross profit | CN¥515M | CN¥372M | CN¥343M | CN¥310M | CN¥260M |
| EBITDA | n/a | CN¥258M | CN¥232M | CN¥252M | CN¥216M |
| Net income | CN¥130M | CN¥113M | CN¥70.7M | CN¥8.43M | CN¥10.9M |
| Free cash flow | -CN¥76.8M | CN¥373M | CN¥84.6M | CN¥64.1M | CN¥289M |
| Capital expenditure | CN¥151M | CN¥95.9M | CN¥121M | CN¥89.9M | CN¥85.2M |
| Total debt | CN¥637M | CN¥418M | CN¥614M | CN¥673M | CN¥852M |
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 |
|---|---|---|---|---|---|---|
| Suzhou Hycan 002787.SZ | $1.09B | -10% | 0% | 7% | 36.4× | n/a |
| Shanghai Zijiang Enterprise 600210.SS | $1.54B | -3% | -18% | 10% | 11.3× | n/a |
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 | 002787.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.8% | -5.4% | 3rd lowest of 21 |
| 6-month return | -9.9% | -11.6% | 10th highest of 21 |
| Distance from 52-week high | -50.0% | -38.8% | 4th lowest of 21 |
| Revenue growth (TTM) | +0.2% | +2.3% | 7th lowest of 21 |
| Operating margin | 6.9% | 5.9% | 10th highest of 21 |
| Forward P/E | 36.4× | 15.7× | 2nd most expensive of 17 |
| ROIC minus cost of capital | -1.3 pp | -0.6 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| MYS 002303.SZ | China | $909M | +26% | +1% | 8% | 18.6× | 4.9% | +3.4% |
| Guangzhou Fangbang Electronics 688020.SS | China | $900M | -51% | -2% | -28% | n/a | n/a | n/a |
| Time Technoplast TIMETECHNO.NS | India | $891M | -9% | +16% | 11% | 11.0× | n/a | n/a |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Zhejiang Great Southeast 002263.SZ | China | $871M | -23% | +5% | -1% | n/a | 31.7% | -4.0% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Quzhou DFP New Material 601515.SS | China | $843M | -36% | +13% | -21% | n/a | n/a | n/a |
| O-I Glass OI | United States | $796M | -44% | -2% | 9% | 10.1× | n/a | n/a |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |