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Chinese maker of automotive electrical components such as starters and alternators.
Chinese maker of automotive electrical components such as starters and alternators.
Moat: none. Commodity electrical-parts maker in a competitive segment.
Headquarters: Zhejiang, China · Employees: 662
Size Zhejiang Fenglong Electric (002931.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.30B, the 1847th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.87 on 6 Nov 2026.
Performance Over six months the shares fell 30.5%, against -16.9% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 2.4% over the last twelve months (peer median +12.2%); the operating margin is 0.1% (peer median 5.0%).
Valuation It trades at 15.9× enterprise value to sales against a peer median of 2.3× (most expensive of 21).
Capital Return on invested capital runs 9.7 points below its cost of capital (13.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥523M | CN¥496M | CN¥477M | CN¥431M | CN¥585M |
| Revenue growth | — | +4% | +11% | -26% | — |
| Gross profit | CN¥123M | CN¥99.4M | CN¥78.8M | CN¥70.4M | CN¥124M |
| EBITDA | n/a | CN¥56.8M | CN¥36.6M | CN¥23.9M | CN¥66.5M |
| Net income | CN¥19.7M | CN¥22.7M | CN¥4.59M | -CN¥7.04M | CN¥48.6M |
| Free cash flow | CN¥22.6M | CN¥32.5M | -CN¥28,460 | CN¥15.5M | CN¥47.0M |
| Capital expenditure | CN¥24.7M | CN¥16.0M | CN¥40.2M | CN¥63.4M | CN¥98.1M |
| Total debt | CN¥8.48M | CN¥60.7M | CN¥220M | CN¥210M | CN¥316M |
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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 | 002931.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | -4.3% | 3rd highest of 21 |
| 6-month return | -30.5% | -16.9% | 5th lowest of 20 |
| Distance from 52-week high | -66.2% | -44.7% | lowest of 21 |
| Revenue growth (TTM) | +2.4% | +12.2% | 5th lowest of 20 |
| Operating margin | 0.1% | 5.0% | 4th lowest of 21 |
| EV / Sales | 15.9× | 2.3× | most expensive of 21 |
| ROIC minus cost of capital | -9.7 pp | +0.4 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Fenglong Electric 002931.SZ | China | $1.30B | -31% | +2% | 0% | 15.9× | n/a | n/a |
| Zhejiang Shibao 002703.SZ | China | $1.29B | -20% | +16% | 4% | 2.1× | 41.6% | +26.5% |
| Longhorn Auto 301488.SZ | China | $1.29B | -32% | +34% | 2% | 3.5× | n/a | n/a |
| Wuxi Best Precision Machinery 300580.SZ | China | $1.32B | -40% | +12% | 16% | 5.0× | 20.8% | +10.1% |
| ASK Automotive ASKAUTOLTD.NS | India | $1.28B | +35% | +39% | 9% | 2.5× | n/a | n/a |
| Varroc Engineering VARROC.NS | India | $1.28B | +40% | +22% | 6% | 1.3× | 29.9% | +15.1% |
| Kunshan Huguang Auto Harness 605333.SS | China | $1.32B | -16% | -2% | 2% | 1.4× | n/a | n/a |
| Jiangsu Yunyi Electric 300304.SZ | China | $1.27B | -19% | +14% | 17% | 3.0× | 17.1% | +23.4% |
| Hong Leong Asia H22.SI | Singapore | $1.26B | -40% | +17% | 9% | 0.4× | -12.9% | +2.9% |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 0.1× | -17.6% | +2.1% |
| Jiangsu Bojun Industrial Technology 300926.SZ | China | $1.35B | -31% | +54% | 13% | 2.4× | n/a | n/a |
| Tong Yang Industry 1319.TW | Taiwan | $1.35B | -1% | -12% | 15% | 1.8× | -5.9% | +7.7% |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | 2.2× | n/a | n/a |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 3.3× | 36.9% | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | 6.0× | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | 8.3× | n/a | n/a |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | 14.0× | n/a | n/a |
| Zhuzhou Times New Materials Technology 600458.SS | China | $1.39B | -17% | +1% | 2% | 0.8× | n/a | n/a |
| Nexteer Automotive 1316.HK | Hong Kong | $1.40B | -14% | +6% | 4% | 0.2× | -13.5% | +8.7% |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | 3.7× | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 0.5× | -7.1% | +12.3% |