Employees: 1,074
Size Anhui Coreach Technology (002983.SZ) is a China Industrials company (Electrical Products) with a market value of $745M, the 2928th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.32 on 6 Nov 2026.
Performance Over six months the shares fell 4.2%, against -21.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 15.5% over the last twelve months (peer median +14.2%); the operating margin is 9.3% (peer median 4.8%).
Valuation It trades at 26.3× forward earnings against a peer median of 24.5× (6th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +15 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 0.9 points below its cost of capital (7.9% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.01B | CN¥985M | CN¥1.18B | CN¥1.18B | CN¥953M |
| Revenue growth | — | -16% | 0% | +23% | — |
| Gross profit | CN¥209M | CN¥217M | CN¥228M | CN¥248M | CN¥180M |
| EBITDA | CN¥140M | CN¥164M | CN¥145M | CN¥185M | CN¥109M |
| Net income | CN¥110M | CN¥125M | CN¥118M | CN¥166M | CN¥106M |
| Free cash flow | CN¥111M | CN¥145M | -CN¥123M | CN¥118M | CN¥115M |
| Capital expenditure | CN¥94.6M | CN¥109M | CN¥89.0M | CN¥90.4M | CN¥21.5M |
| Total debt | CN¥171M | CN¥170M | CN¥149M | CN¥162M | CN¥128M |
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| Measure | 002983.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | -12.9% | 2nd highest of 21 |
| 6-month return | -4.2% | -21.0% | 7th highest of 21 |
| Distance from 52-week high | -22.1% | -39.9% | 4th highest of 21 |
| Revenue growth (TTM) | -15.5% | +14.2% | 4th lowest of 21 |
| Operating margin | 9.3% | 4.8% | 6th highest of 21 |
| Forward P/E | 26.3× | 24.5× | 6th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 26.8% | 13.1% | 4th most demanding of 9 |
| Growth delivered (Del g) | +12.1% | +17.5% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | +14.8 pp | -8.3 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -0.9 pp | -2.4 pp | 9th highest of 21 |
| EV / EBITDA | 32.3× | n/a | — |
| Net debt / EBITDA | -3.8× | 0.0× | 2nd least indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anhui Coreach Technology 002983.SZ | China | $745M | -4% | -16% | 9% | 26.3× | 26.8% | +12.1% |
| Jiangsu Tongling Electric 301168.SZ | China | $747M | -2% | -24% | 0% | 52.5× | n/a | n/a |
| Jiangsu Zhenjiang New Energy Equipment 603507.SS | China | $742M | -43% | +41% | 10% | 16.2× | n/a | n/a |
| Shenzhen INVT Electric 002334.SZ | China | $750M | -21% | +12% | 1% | 20.6× | n/a | n/a |
| Tianjin Guoan Mengguli New Materials Science and Technology 301487.SZ | China | $739M | -16% | +38% | 0% | 145.9× | 43.0% | +7.2% |
| Zhuhai Enpower Electric 300681.SZ | China | $751M | -47% | +74% | 3% | 20.5× | 18.2% | +55.9% |
| Hiconics Eco-energy Technology 300048.SZ | China | $756M | -31% | -22% | -3% | 13.4× | n/a | n/a |
| Jiangsu Zhongli 002309.SZ | China | $758M | -35% | +4% | -5% | n/a | n/a | n/a |
| Guangzhou Haoyang Electronic 300833.SZ | China | $729M | +3% | +10% | 18% | 24.5× | 5.1% | +23.3% |
| Lintes Technology 6715.TW | Taiwan | $763M | -22% | -18% | 5% | 42.9× | 53.3% | -6.9% |
| Shenzhen SNC Opto Electronic 001326.SZ | China | $767M | +36% | +6% | 5% | n/a | 33.4% | +19.5% |
| Anhui Xinke New Materials 600255.SS | China | $767M | -21% | +23% | 2% | n/a | n/a | n/a |
| KSH International KSHINTL.NS | India | $720M | +59% | +61% | 6% | 39.4× | n/a | n/a |
| Shenzhen Minkave Technology 300506.SZ | China | $716M | -31% | -7% | -98% | n/a | n/a | n/a |
| Precision Wires India PRECWIRE.NS | India | $776M | -1% | +46% | 5% | 41.8× | n/a | n/a |
| Shanghai Zhongchen Electronic Technology 603275.SS | China | $778M | -26% | +21% | 14% | 26.0× | n/a | n/a |
| Ta Ya Electric Wire & Cable 1609.TW | Taiwan | $709M | -9% | +17% | 12% | 11.0× | n/a | n/a |
| Dalian Insulator 002606.SZ | China | $788M | -17% | +36% | 22% | 15.7× | -4.8% | +15.5% |
| Honbridge 8137.HK | Hong Kong | $792M | 0% | +295% | -12% | n/a | n/a | n/a |
| Xinya Electronic 605277.SS | China | $794M | -28% | +12% | 7% | n/a | 7.9% | +31.5% |
| Qingdao Tianneng Heavy Industries 300569.SZ | China | $698M | -25% | +5% | 8% | n/a | 4.5% | +3.1% |