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Chinese maker of aircraft wheels, brakes and friction materials for military and civil aviation, spun off from an aviation research institute.
Chinese maker of aircraft wheels, brakes and friction materials for military and civil aviation, spun off from an aviation research institute.
Sells carbon-based brake discs, wheels and braking systems that are fitted to new aircraft and later replaced as they wear through repeated landings, so replacement supply adds to new-aircraft sales. Orders come under qualified supply contracts tied to aircraft programmes.
In one line: A small, aviation-focused Meggitt.
Moat: narrow (customer qualification, regulatory licence). Certified aviation brake supplier; requalifying a new brake vendor on a military/civil aircraft is costly.
Headquarters: Beijing, China · Employees: 980
Size Beijing Beimo High-tech Frictional Material (002985.SZ) is a China Industrials company (Aerospace & Defense) with a market value of $1.46B, the 1665th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥29.40 on 6 Nov 2026.
Performance Over six months the shares fell 17.5%, against -14.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 35.7% over the last twelve months (peer median +14.0%); the operating margin is 27.9% (peer median 2.8%).
Valuation It trades at 38.2× forward earnings against a peer median of 23.6× (6th most expensive of 15).
Capital Return on invested capital runs 0.0 points above its cost of capital (8.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥956M | CN¥915M | CN¥535M | CN¥949M | CN¥990M |
| Revenue growth | — | +71% | -44% | -4% | — |
| Gross profit | CN¥549M | CN¥423M | CN¥265M | CN¥545M | CN¥652M |
| EBITDA | n/a | CN¥320M | CN¥77.7M | CN¥334M | CN¥491M |
| Net income | CN¥239M | CN¥200M | CN¥16.2M | CN¥217M | CN¥315M |
| Free cash flow | -CN¥199M | CN¥312M | CN¥104M | CN¥79.5M | -CN¥309M |
| Capital expenditure | CN¥102M | CN¥66.7M | CN¥80.7M | CN¥122M | CN¥164M |
| Total debt | CN¥199M | CN¥251M | CN¥577M | CN¥150M | CN¥151M |
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 |
|---|---|---|---|---|---|---|
| Beijing Beimo High-tech Frictional Material 002985.SZ | $1.46B | -17% | +36% | 28% | 38.2× | n/a |
| Hefei Jianghang Aircraft Equipment 688586.SS | $1.38B | -11% | -4% | 2% | 27.1× | 49.7% |
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 | 002985.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.0% | -6.8% | 2nd highest of 21 |
| 6-month return | -17.5% | -14.0% | 10th lowest of 20 |
| Distance from 52-week high | -37.4% | -37.5% | 10th highest of 21 |
| Revenue growth (TTM) | +35.7% | +14.0% | 5th highest of 21 |
| Operating margin | 27.9% | 2.8% | highest of 21 |
| Forward P/E | 38.2× | 23.6× | 6th most expensive of 15 |
| ROIC minus cost of capital | +0.0 pp | -5.7 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Beimo High-tech Frictional Material 002985.SZ | China | $1.46B | -17% | +36% | 28% | 38.2× | n/a | n/a |
| Aerospace Industrial Development 2634.TW | Taiwan | $1.46B | +3% | +3% | 6% | 19.5× | 4.1% | +11.0% |
| Beijing Highlander Digital Technology 300065.SZ | China | $1.44B | -48% | -32% | -1% | 78.8× | n/a | n/a |
| Xi'an Triangle Defense 300775.SZ | China | $1.50B | -39% | -29% | 2% | 17.6× | 31.7% | +21.0% |
| Cadre CDRE | United States | $1.40B | +9% | +20% | 11% | 22.5× | 16.9% | +8.6% |
| Beijing LeiKe Defense Technology 002413.SZ | China | $1.39B | -46% | -5% | -6% | n/a | n/a | n/a |
| Hefei Jianghang Aircraft Equipment 688586.SS | China | $1.38B | -11% | -4% | 2% | 27.1× | 49.7% | +2.6% |
| Aequs AEQUS.NS | India | $1.56B | +8% | +33% | -7% | n/a | n/a | n/a |
| Avio AVIO.MI | Italy | $1.60B | -2% | +14% | 1% | 89.7× | 26.1% | +10.6% |
| AEVEX AVEX | United States | $1.29B | -59% | +143% | 11% | 19.6× | n/a | n/a |
| Magellan Aerospace MAL.TO | Canada | $1.29B | +17% | +15% | 9% | 23.8× | n/a | n/a |
| Applied Aerospace & Defense AADX | United States | $1.67B | n/a | +35% | -10% | 23.4× | n/a | n/a |
| Montana Aerospace AERO.SW | Switzerland | $1.69B | -2% | -36% | 7% | 20.5× | 6.1% | +6.3% |
| North Electro-Optic 600184.SS | China | $1.26B | -34% | +23% | 0% | n/a | n/a | n/a |
| H&k MLHK.PA | France | $1.25B | -10% | +36% | 18% | n/a | -4.2% | +7.4% |
| MTAR Technologies MTARTECH.NS | India | $1.77B | -18% | +108% | 20% | 64.7× | 48.5% | +29.2% |
| Redwire RDW | United States | $1.80B | -35% | +63% | -41% | n/a | n/a | n/a |
| Sichuan 6912 Communication Technology 301592.SZ | China | $1.18B | -14% | -3% | 9% | n/a | n/a | n/a |
| China Marine Information Electronics 600764.SS | China | $1.82B | -28% | +9% | -2% | 85.3× | n/a | n/a |
| Cirrus Aircraft 2507.HK | Hong Kong | $1.85B | +5% | +14% | 13% | 10.6× | -1.4% | +18.3% |
| CIMC Safeway Technologies 301559.SZ | China | $1.14B | -24% | +13% | 4% | 54.6× | n/a | n/a |