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Makes gear reducers, geared motors and servo drives for robots, factory automation and machine tools.
Makes gear reducers, geared motors and servo drives for robots, factory automation and machine tools.
Sells its reducers and motors to makers of automation machines, robots and machine tools, and increasingly sells them bundled with the motor and drive as one ready-to-fit actuator unit, which is now its largest product group. Orders follow factory-automation investment. Export is a small second market and humanoid-robot makers are an emerging customer group.
Moat: narrow (process know-how, customer qualification). Mass-produces planetary, RV and harmonic reducers, a rare range among domestic makers; faces strong Japanese and local rivals.
Headquarters: Cixi, China · Founded: 1998 · Employees: 2,122
Size Ningbo Zhongda Leader Intelligent Transmission (002896.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.69B, the 1470th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥57.46 on 6 Nov 2026.
Performance Over six months the shares fell 18.2%, against -24.8% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +7.4%); the operating margin is 3.6% (peer median 5.3%).
Valuation It trades at 132.1× forward earnings against a peer median of 12.2× (most expensive of 18).
Capital Return on invested capital runs 0.8 points below its cost of capital (6.9% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.21B | CN¥1.04B | CN¥965M | CN¥1.08B | CN¥894M |
| Revenue growth | — | +7% | -10% | +20% | — |
| Gross profit | CN¥355M | CN¥250M | CN¥226M | CN¥222M | CN¥204M |
| EBITDA | n/a | CN¥163M | CN¥159M | CN¥140M | CN¥139M |
| Net income | CN¥57.4M | CN¥62.7M | CN¥72.6M | CN¥73.1M | CN¥66.4M |
| Free cash flow | -CN¥176M | -CN¥120M | CN¥54.6M | -CN¥21.1M | -CN¥43.0M |
| Capital expenditure | CN¥107M | CN¥150M | CN¥154M | CN¥199M | CN¥143M |
| Total debt | CN¥420M | CN¥226M | CN¥119M | CN¥133M | CN¥106M |
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 |
|---|---|---|---|---|---|---|
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | $1.69B | -18% | +22% | 4% | 132.1× | n/a |
| Harmonic Drive Systems 6324.T | $2.60B | -18% | +12% | 7% | 62.4× | n/a |
| Nabtesco 6268.T | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% |
| Leader Harmonious Drive Systems 688017.SS | $7.84B | +27% | +46% | 15% | 283.8× | n/a |
| Zhejiang Shuanghuan Driveline 002472.SZ | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% |
| Shenzhen Inovance Technology 300124.SZ | $23.0B | -17% | +19% | 10% | 27.0× | 21.3% |
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 | 002896.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | -5.7% | 5th highest of 21 |
| 6-month return | -18.2% | -24.8% | 8th highest of 21 |
| Distance from 52-week high | -39.8% | -40.6% | 10th highest of 21 |
| Revenue growth (TTM) | +21.6% | +7.4% | 6th highest of 21 |
| Operating margin | 3.6% | 5.3% | 2nd lowest of 21 |
| Forward P/E | 132.1× | 12.2× | most expensive of 18 |
| ROIC minus cost of capital | -0.8 pp | +0.1 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Zhongda Leader Intelligent Transmission 002896.SZ | China | $1.69B | -18% | +22% | 4% | 132.1× | n/a | n/a |
| Lumax Auto Technologies LUMAXTECH.NS | India | $1.68B | +36% | +33% | 10% | 37.2× | 34.9% | +34.5% |
| Gestamp Automocion GEST.MC | Spain | $1.77B | -13% | -3% | 5% | 7.3× | -5.7% | +8.8% |
| Shuanglin 300100.SZ | China | $1.80B | -27% | -11% | 4% | 32.6× | 25.5% | +8.9% |
| Minda MINDACORP.NS | India | $1.80B | +33% | +33% | 8% | 37.6× | 32.0% | +21.3% |
| Tenneco Clean Air India TENNIND.NS | India | $1.81B | -35% | +22% | 14% | 24.9× | 14.4% | +3.8% |
| Tokai Rika 6995.T | Japan | $1.57B | 0% | +5% | 5% | 9.9× | -4.6% | +7.9% |
| Shanghai Aerospace Automobile Electromechanical 600151.SS | China | $1.83B | -41% | -19% | -10% | n/a | 34.7% | -9.9% |
| Johnson Electric 0179.HK | Hong Kong | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% | +3.1% |
| Gentherm THRM | United States | $1.55B | -7% | +9% | 5% | 9.8× | 21.7% | +10.4% |
| Foryou 002906.SZ | China | $1.87B | -25% | +28% | 5% | 13.9× | n/a | n/a |
| Slcorp 005850.KS | South Korea | $1.54B | -25% | +10% | 8% | 5.7× | -19.7% | +15.9% |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% | +8.1% |
| OPmobility OPM.PA | France | $1.51B | -42% | -3% | 4% | 8.2× | -8.1% | +7.6% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| Dn Automotive 007340.KS | South Korea | $1.46B | -20% | +17% | 15% | n/a | -16.2% | +35.6% |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| CIE Automotive India CIEINDIA.NS | India | $1.42B | -26% | +12% | 11% | 12.2× | 8.6% | +9.2% |
| SEDEMAC Mechatronics SEDEMAC.NS | India | $1.42B | +56% | +61% | 15% | 73.8× | n/a | n/a |
| Lingyun Industrial 600480.SS | China | $1.41B | -25% | +3% | 5% | 17.1× | -12.3% | +8.0% |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% | +8.7% |