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Chinese auto electronics and safety-systems maker; owns Joyson Safety Systems (ex-Takata) and Germany's Preh auto electronics.
Chinese auto electronics and safety-systems maker; owns Joyson Safety Systems (ex-Takata) and Germany's Preh auto electronics.
Wins supply programmes from carmakers years before production and is paid per part, with prices typically agreed in advance and trimmed each year, so profit depends on factory efficiency and vehicle volumes. This is the Hong Kong listing of the group that trades in Shanghai as 600699.SS, with its safety business built from Key Safety Systems and Takata's operations.
In one line: A Chinese TRW/Autoliv-style auto safety supplier.
Moat: narrow (scale, customer qualification, switching costs). Tier-1 qualified across major automakers via acquired Takata/Preh assets; still a competitive supplier market.
Headquarters: Ningbo, China · Founded: 2004 · Employees: 44,142
Size Ningbo Joyson Electronic (0699.HK) is a Hong Kong Consumer Discretionary company (Auto Parts: OEM) with a market value of $4.54B, the 272nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$10.80 on 6 Nov 2026.
Performance Over six months the shares fell 38.6%, against -11.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +8.5%); the operating margin is 4.7% (peer median 7.2%).
Valuation It trades at 9.7× forward earnings against a peer median of 13.7× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (6.7% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$64.9B | HK$66.2B | HK$60.4B | HK$61.5B | HK$57.8B |
| Revenue growth | — | +10% | -2% | +6% | — |
| Gross profit | HK$14.0B | HK$11.6B | HK$9.40B | HK$8.54B | HK$5.96B |
| EBITDA | n/a | HK$7.62B | HK$6.68B | HK$5.85B | HK$4.12B |
| Net income | HK$1.33B | HK$1.45B | HK$1.04B | HK$1.20B | HK$458M |
| Free cash flow | HK$707M | HK$1.29B | HK$1.54B | HK$782M | -HK$1.26B |
| Capital expenditure | HK$4.32B | HK$4.67B | HK$3.48B | HK$4.17B | HK$3.84B |
| Total debt | HK$29.9B | HK$28.7B | HK$26.5B | HK$22.7B | HK$23.3B |
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 Joyson Electronic 0699.HK | $4.54B | -39% | -1% | 5% | 9.7× | -1.7% |
| Autoliv ALV | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
| Aptiv APTV | $7.98B | -32% | -5% | 10% | 6.8× | -6.8% |
| Nexteer Automotive 1316.HK | $1.40B | -14% | +6% | 4% | 8.5× | -13.5% |
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 | 0699.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.2% | -1.9% | 5th lowest of 21 |
| 6-month return | -38.6% | -11.1% | 4th lowest of 21 |
| Distance from 52-week high | -49.8% | -25.8% | 4th lowest of 21 |
| Revenue growth (TTM) | -0.9% | +8.5% | 5th lowest of 21 |
| Operating margin | 4.7% | 7.2% | 6th lowest of 21 |
| Forward P/E | 9.7× | 13.7× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -1.7% | 1.2% | 6th least demanding of 18 |
| Growth delivered (Del g) | +4.3% | +9.5% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | -5.9 pp | -8.4 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +2.1 pp | +0.4 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Joyson Electronic 0699.HK | Hong Kong | $4.54B | -39% | -1% | 5% | 9.7× | -1.7% | +4.3% |
| Koito Manufacturing 7276.T | Japan | $4.27B | -6% | +6% | 6% | 13.3× | -0.8% | +6.1% |
| Gentex GNTX | United States | $4.19B | -15% | +8% | 19% | 9.9× | -4.7% | +8.5% |
| Suzhou Inovance Automotive 301656.SZ | China | $4.95B | -31% | +28% | 1% | 676.0× | n/a | n/a |
| Atmus Filtration Technologies ATMU | United States | $4.13B | -9% | +13% | 17% | 16.2× | 8.1% | +7.4% |
| Jiangsu Xinquan Automotive Trim 603179.SS | China | $5.07B | +5% | +12% | 6% | 33.5× | n/a | n/a |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Fulin Precision 300432.SZ | China | $3.84B | -47% | +95% | 5% | 20.2× | n/a | n/a |
| Inter Cars CAR.WA | Poland | $3.83B | +38% | +12% | 6% | 13.9× | 9.5% | +18.3% |
| Jtekt 6473.T | Japan | $3.82B | -1% | +4% | 5% | 11.4× | 1.2% | +9.1% |
| Toyoda Gosei 7282.T | Japan | $3.81B | +26% | +13% | 7% | 9.8× | 0.5% | +9.7% |
| ZCZL Industrial Technology 601717.SS | China | $3.80B | -19% | -1% | 8% | 6.3× | -9.8% | +9.4% |
| Garrett Motion GTX | United States | $3.72B | -31% | +7% | 15% | 9.9× | -6.9% | +3.4% |
| Bethel Automotive Safety Systems 603596.SS | China | $3.70B | -11% | +21% | 10% | 16.0× | 7.0% | +31.7% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
| Linamar LNR.TO | Canada | $3.63B | -9% | +9% | 9% | 7.1× | -8.4% | +12.0% |
| Aumovio AMV0.DE | Germany | $3.57B | -12% | -6% | -6% | n/a | 10.2% | n/a |
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Zhejiang Yinlun Machinery 002126.SZ | China | $3.53B | -39% | +28% | 7% | 23.0× | 14.6% | +19.9% |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| CIE Automotive CIE.MC | Spain | $3.46B | -11% | +4% | 14% | 8.5× | -6.7% | +6.5% |