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Maker of precision cooling systems for data centres, energy-storage systems and industrial/telecom equipment.
Maker of precision cooling systems for data centres, energy-storage systems and industrial/telecom equipment.
In one line: A Chinese Vertiv for data-centre and battery-storage cooling.
Moat: narrow (customer qualification, process know-how). Early mover in liquid/precision cooling qualified into China's data-centre and battery-storage buildout.
Headquarters: Shenzhen, China · Founded: 2005 · Employees: 5,697
Size Shenzhen Envicool Technology (002837.SZ) is a China Industrials company (Industrial Machinery) with a market value of $7.13B, the 346th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥37.33 on 6 Nov 2026.
Performance Over six months the shares fell 48.7%, against -8.0% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 22.0% over the last twelve months (peer median +17.3%); the operating margin is 9.3% (peer median 13.7%).
Valuation It trades at 53.5× forward earnings against a peer median of 22.2× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is +27 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.6 points below its cost of capital (17.1% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.99B | CN¥6.05B | CN¥4.57B | CN¥3.51B | CN¥2.91B |
| Revenue growth | — | +32% | +30% | +21% | — |
| Gross profit | CN¥1.93B | CN¥1.61B | CN¥1.25B | CN¥1.09B | CN¥828M |
| EBITDA | n/a | CN¥730M | CN¥593M | CN¥507M | CN¥355M |
| Net income | CN¥492M | CN¥522M | CN¥453M | CN¥344M | CN¥280M |
| Free cash flow | CN¥297M | -CN¥145M | -CN¥153M | CN¥252M | CN¥134M |
| Capital expenditure | CN¥395M | CN¥303M | CN¥353M | CN¥204M | CN¥62.8M |
| Total debt | CN¥2.11B | CN¥1.91B | CN¥1.14B | CN¥1.16B | CN¥923M |
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 |
|---|---|---|---|---|---|---|
| Shenzhen Envicool Technology 002837.SZ | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% |
| Vertiv VRT | $70.4B | -46% | +35% | 21% | 20.0× | 25.4% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% |
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 | 002837.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.1% | -8.2% | 7th lowest of 21 |
| 6-month return | -48.7% | -8.0% | lowest of 20 |
| Distance from 52-week high | -60.1% | -34.8% | 4th lowest of 21 |
| Revenue growth (TTM) | +22.0% | +17.3% | 9th highest of 21 |
| Operating margin | 9.3% | 13.7% | 5th lowest of 21 |
| Forward P/E | 53.5× | 22.2× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 56.2% | 13.7% | most demanding of 17 |
| Growth delivered (Del g) | +29.0% | +8.4% | 2nd highest of 17 |
| Hurdle (Req g minus delivered) | +27.3 pp | +4.6 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | -5.6 pp | -0.3 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Zoomlion Heavy Industry Science & Technology 000157.SZ | China | $7.61B | -22% | +14% | 7% | 11.2× | 2.8% | -4.3% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Wuxi Lead Intelligent Equipment 300450.SZ | China | $7.88B | -41% | +28% | 10% | 22.9× | 10.4% | +19.9% |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |