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One of the world's largest makers of plastic injection-molding machines used to manufacture plastic parts.
One of the world's largest makers of plastic injection-molding machines used to manufacture plastic parts.
Sells machines by unit to plastics molders, so revenue follows plastics-industry capital spending, with spare parts and service as a smaller steady line. Exports are a growing share of sales. The founding Zhang family of Ningbo controls it.
In one line: China's Husky Injection Molding Systems.
Moat: narrow (scale, cost advantage, distribution). Large manufacturing scale and cost-competitive machines give global share leadership by unit volume.
Headquarters: Ningbo, China · Founded: 1966 · Employees: 8,768
Size Haitian International (1882.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $3.64B, the 307th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.88 on 6 Nov 2026.
Performance Over six months the shares fell 17.9%, against -12.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +8.4%); the operating margin is 16.6% (peer median 7.7%).
Valuation It trades at 7.4× forward earnings against a peer median of 31.2× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.8 points above its cost of capital (8.2% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$19.9B | HK$19.2B | HK$17.5B | HK$14.4B | HK$14.3B |
| Revenue growth | — | +10% | +21% | +1% | — |
| Gross profit | HK$6.33B | HK$6.15B | HK$5.55B | HK$4.55B | HK$4.47B |
| EBITDA | HK$3.92B | HK$3.96B | HK$3.69B | HK$2.85B | HK$2.88B |
| Net income | HK$3.54B | HK$3.58B | HK$3.34B | HK$2.75B | HK$2.63B |
| Free cash flow | HK$2.42B | HK$2.49B | HK$1.19B | HK$1.48B | HK$404M |
| Capital expenditure | HK$1.19B | HK$1.39B | HK$1.28B | HK$1.23B | HK$1.74B |
| Total debt | n/a | HK$6.34B | HK$2.22B | HK$3.03B | HK$1.62B |
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 |
|---|---|---|---|---|---|---|
| Haitian International 1882.HK | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% |
| Sumitomo Heavy Industries 6302.T | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% |
| Japan Steel Works 5631.T | $2.41B | -46% | -1% | 10% | 17.0× | n/a |
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 | 1882.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.9% | +3.5% | 10th lowest of 21 |
| 6-month return | -17.9% | -12.8% | 9th lowest of 21 |
| Distance from 52-week high | -31.8% | -37.1% | 9th highest of 21 |
| Revenue growth (TTM) | +7.7% | +8.4% | 10th lowest of 21 |
| Operating margin | 16.6% | 7.7% | 4th highest of 21 |
| Forward P/E | 7.4× | 31.2× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -11.5% | 6.3% | least demanding of 12 |
| Growth delivered (Del g) | +7.7% | +11.3% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -19.2 pp | +2.0 pp | least demanding of 12 |
| ROIC minus cost of capital | +8.8 pp | -0.5 pp | 3rd highest of 21 |
| EV / EBITDA | 4.6× | 14.7× | cheapest of 9 |
| Net debt / EBITDA | -2.7× | -0.1× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Haitian International 1882.HK | Hong Kong | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% | +7.7% |
| Sumitomo Heavy Industries 6302.T | Japan | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% | +4.3% |
| Estun Automation 002747.SZ | China | $3.65B | +30% | +8% | 4% | 104.6× | 48.2% | +14.3% |
| Kunshan Kinglai Hygienic Materials 300260.SZ | China | $3.61B | -12% | +11% | 8% | 73.2× | n/a | n/a |
| Danieli & C. Officine Meccaniche DAN.MI | Italy | $3.60B | -24% | -8% | -6% | 13.5× | n/a | n/a |
| Zijin Longking 600388.SS | China | $3.70B | -6% | +13% | 11% | 17.4× | n/a | n/a |
| Mueller Water Products MWA | United States | $3.75B | -9% | +6% | 21% | 15.3× | 2.4% | +5.8% |
| THK 6481.T | Japan | $3.52B | -16% | +8% | 7% | 10.6× | 24.8% | +1.9% |
| Ningbo Zhenyu Technology 300953.SZ | China | $3.77B | -35% | +58% | 6% | 21.2× | n/a | n/a |
| Anhui Yingliu Electromechanical 603308.SS | China | $3.50B | -58% | +38% | 13% | 42.0× | n/a | n/a |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Aixtron AIXA.DE | Germany | $3.84B | -45% | -9% | 16% | 42.6× | 5.7% | +15.6% |
| Shenzhen Zhaowei Machinery & Electronics 003021.SZ | China | $3.45B | +6% | 0% | 9% | 124.4× | 46.0% | +7.5% |
| Voltas VOLTAS.NS | India | $3.84B | -19% | +4% | 4% | 50.1× | n/a | n/a |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Avic Aviation High-Technology 600862.SS | China | $3.92B | -6% | -3% | 22% | 31.2× | 6.0% | +11.4% |
| Krones KRN.DE | Germany | $3.94B | -7% | +3% | 7% | 11.2× | -1.8% | +11.3% |
| Moon Environment Technology 000811.SZ | China | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% | +11.8% |