Loading…
Qingdao maker of chain-drive systems: engine timing chains and motorcycle chains, farm-machinery chains and industrial-equipment chains.
Qingdao maker of chain-drive systems: engine timing chains and motorcycle chains, farm-machinery chains and industrial-equipment chains.
Sells chains in three families: vehicle (engine timing and motorcycle), farm machinery and industrial equipment, mostly as parts supplied to makers of vehicles and farm machines, so volumes follow their production. Industrial chains for automated logistics and robots are the newer line. A holding company of the founding family controls it.
Moat: narrow (customer qualification, scale). Long-standing supplier approvals with vehicle and farm-machinery makers; scale in motorcycle and farm chains.
Headquarters: Qingdao, China · Founded: 1999 · Employees: 2,529
Size Qingdao CHOHO Industrial (003033.SZ) is a China Industrials company (Electrical Products) with a market value of $939M, the 2427th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥76.58 on 6 Nov 2026.
Performance Over six months the shares gained 36.0%, against -19.6% for the median peer and -16.4% for the China market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +10.5%); the operating margin is 8.8% (peer median 3.9%).
Valuation It trades at 3.3× enterprise value to sales against a peer median of 2.3× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.01B | CN¥1.92B | CN¥1.83B | CN¥1.73B | CN¥1.60B |
| Revenue growth | — | +5% | +6% | +8% | — |
| Gross profit | CN¥456M | CN¥415M | CN¥366M | CN¥357M | CN¥355M |
| EBITDA | CN¥294M | CN¥276M | CN¥241M | CN¥200M | CN¥216M |
| Net income | CN¥156M | CN¥175M | CN¥131M | CN¥116M | CN¥170M |
| Free cash flow | CN¥102M | CN¥27.2M | CN¥95.3M | -CN¥215M | CN¥21.8M |
| Capital expenditure | CN¥232M | CN¥323M | CN¥187M | CN¥381M | CN¥143M |
| Total debt | CN¥636M | CN¥609M | CN¥607M | CN¥616M | CN¥285M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Qingdao CHOHO Industrial 003033.SZ | $939M | +36% | +6% | 9% | 3.3× | 14.2% |
| Tsubakimoto Chain 6371.T | $1.68B | +7% | +20% | 8% | 0.7× | 2.0% |
| BorgWarner BWA | $9.80B | -20% | 0% | 11% | 0.8× | -3.2% |
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 | 003033.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.9% | -8.9% | 9th highest of 21 |
| 6-month return | +36.0% | -19.6% | highest of 20 |
| Distance from 52-week high | -21.8% | -39.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +5.8% | +10.5% | 7th lowest of 21 |
| Operating margin | 8.8% | 3.9% | 7th highest of 20 |
| EV / Sales | 3.3× | 2.3× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.2% | 17.9% | 6th least demanding of 13 |
| Growth delivered (Del g) | +14.6% | +7.1% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -0.4 pp | +7.8 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +2.4 pp | -3.7 pp | 6th highest of 20 |
| EV / EBITDA | 22.4× | n/a | — |
| Net debt / EBITDA | 1.1× | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao CHOHO Industrial 003033.SZ | China | $939M | +36% | +6% | 9% | 3.3× | 14.2% | +14.6% |
| Warom Technology 603855.SS | China | $938M | +1% | -18% | 15% | 2.0× | -2.6% | +7.1% |
| Sunway 603333.SS | China | $941M | +1% | +68% | 3% | 3.1× | n/a | n/a |
| Beijing Creative 002350.SZ | China | $946M | -19% | +7% | -1% | 2.7× | 54.8% | -0.3% |
| Shanghai Zhezhong 002346.SZ | China | $928M | -21% | +23% | 15% | 5.9× | 22.1% | +7.0% |
| Temb Intelligent Tech Shandong 603448.SS | China | $951M | n/a | +16% | n/a | 1.9× | 45.6% | n/a |
| Fujian Nanping Sun Cable 002300.SZ | China | $924M | -9% | +9% | 0% | 0.7× | 19.6% | +8.7% |
| Changshu Fengfan Power Equipment 601700.SS | China | $924M | 0% | +31% | -9% | 2.2× | n/a | n/a |
| Kunshan GuoLi Electronic Technology 688103.SS | China | $924M | +7% | +34% | 5% | 4.0× | 37.7% | +26.6% |
| Motic (Xiamen) Electric 300341.SZ | China | $957M | -20% | +19% | 12% | 3.3× | 17.7% | +5.1% |
| Jolywood (Suzhou) Sunwatt 300393.SZ | China | $958M | -42% | -48% | -62% | 4.9× | 5.1% | -2.7% |
| Changgao Electric 002452.SZ | China | $917M | -10% | -9% | 19% | 2.8× | 2.6% | +1.3% |
| Jiangsu Zhongchao 002471.SZ | China | $963M | -45% | -5% | 1% | 1.7× | n/a | n/a |
| CSG Smart Science&Technology 300222.SZ | China | $966M | -27% | +26% | 2% | 2.0× | n/a | n/a |
| Beijing SOJO Electric 300444.SZ | China | $912M | -52% | -11% | -4% | 2.5× | n/a | n/a |
| Guangdong Xinyaguang Cable 001382.SZ | China | $968M | -21% | +12% | 4% | 2.0× | n/a | n/a |
| Shenzhen Uniconn Technology 301631.SZ | China | $969M | -34% | +32% | 5% | 1.1× | 18.2% | +49.0% |
| CWB Automotive Electronics 605005.SS | China | $907M | -21% | 0% | 9% | 3.3× | 9.4% | +9.3% |
| Fluence Energy FLNC | United States | $973M | -78% | +7% | -4% | 0.4× | n/a | n/a |
| NITTO KOGYO 6651.T | Japan | $906M | -17% | +6% | 8% | 0.7× | -2.7% | +7.3% |
| Transformers and Rectifiers (India) TARIL.NS | India | $974M | -7% | +27% | 15% | 3.4× | n/a | n/a |