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Chinese maker of CNC lathes and precision machine tools, operating under license/partnership with Japan's Tsugami.
Chinese maker of CNC lathes and precision machine tools, operating under license/partnership with Japan's Tsugami.
In one line: China's answer to a mid-range Haas Automation.
Moat: narrow (process know-how, brand). Tsugami-derived precision engineering technology gives a quality edge over lower-end domestic machine-tool makers.
Headquarters: Jiangsu, China · Employees: 2,429
Size Precision Tsugami (China) (1651.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $1.62B, the 473rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$34.52 on 6 Nov 2026.
Performance Over six months the shares fell 35.2%, against -14.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 23.9% over the last twelve months (peer median +9.4%); the operating margin is 28.3% (peer median 8.5%).
Valuation It trades at 7.7× forward earnings against a peer median of 22.7× (cheapest of 19).
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 +10%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 46.7 points above its cost of capital (6.6% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$5.70B | HK$5.70B | HK$4.60B | HK$3.41B | HK$4.63B |
| Revenue growth | — | +24% | +35% | -26% | — |
| Gross profit | HK$1.99B | HK$1.99B | HK$1.52B | HK$978M | HK$1.17B |
| EBITDA | HK$1.68B | HK$1.68B | HK$1.21B | HK$747M | HK$968M |
| Net income | HK$1.20B | HK$1.20B | HK$845M | HK$524M | HK$662M |
| Free cash flow | HK$1.14B | HK$1.13B | HK$359M | HK$487M | HK$804M |
| Capital expenditure | HK$60.0M | HK$59.3M | HK$48.5M | HK$96.1M | HK$63.0M |
| Total debt | n/a | HK$91.8M | HK$86.8M | HK$92.9M | HK$96.6M |
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 |
|---|---|---|---|---|---|---|
| Precision Tsugami (China) 1651.HK | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
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 | 1651.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.8% | -7.3% | 2nd lowest of 21 |
| 6-month return | -35.2% | -14.8% | 5th lowest of 21 |
| Distance from 52-week high | -53.5% | -41.6% | 6th lowest of 21 |
| Revenue growth (TTM) | +23.9% | +9.4% | 4th highest of 21 |
| Operating margin | 28.3% | 8.5% | highest of 21 |
| Forward P/E | 7.7× | 22.7× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -13.9% | 8.7% | least demanding of 16 |
| Growth delivered (Del g) | +9.8% | +11.5% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | -23.7 pp | -3.8 pp | 2nd least demanding of 16 |
| ROIC minus cost of capital | +46.7 pp | -0.9 pp | highest of 21 |
| EV / EBITDA | 6.6× | 11.0× | 3rd cheapest of 9 |
| Net debt / EBITDA | -0.9× | -0.6× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 19.3× | 5.3% | +9.1% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 42.5× | 45.8% | +25.4% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 14.4× | 6.1% | +11.5% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 19.3× | 16.3% | +5.2% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 10.3× | 2.0% | +8.9% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 15.9× | 8.7% | +15.8% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 15.7× | 13.7% | +12.2% |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |