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Chinese maker of brake and chassis systems for automakers, spun off from Delphi's Beijing operations.
Chinese maker of brake and chassis systems for automakers, spun off from Delphi's Beijing operations.
Supplies brakes and suspension to automakers for specific vehicle programs, so winning a nomination years before launch locks in volume for the model's life and revenue follows automakers' production schedules. Electric vehicles are changing the content per car, with new braking and chassis parts.
Moat: narrow (customer qualification, process know-how). Inherited Delphi's qualified brake/chassis technology and OEM relationships in China.
Headquarters: Beijing, China · Founded: 2009 · Employees: 1,863
Size BeijingWest Industries International (2339.HK) is a Hong Kong Consumer Discretionary company (Auto Parts: OEM) with a market value of $589M, the 719th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.58 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against -15.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 2.6% over the last twelve months (peer median +5.4%); the operating margin is 0.6% (peer median 5.5%).
Valuation It trades at 1.6× enterprise value to sales against a peer median of 1.8× (11th cheapest of 21).
Capital Return on invested capital runs 7.3 points below its cost of capital (8.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$2.88B | HK$2.97B | HK$2.77B | HK$2.71B | HK$2.48B |
| Revenue growth | — | +7% | +2% | +9% | — |
| Gross profit | HK$345M | HK$338M | HK$458M | HK$399M | HK$434M |
| EBITDA | HK$129M | HK$140M | -HK$5.38M | HK$42.1M | HK$92.5M |
| Net income | -HK$50.8M | -HK$41.9M | -HK$128M | -HK$55.3M | -HK$4.88M |
| Free cash flow | -HK$113M | HK$35.8M | -HK$17.8M | HK$21.9M | HK$53.3M |
| Capital expenditure | HK$128M | HK$132M | HK$117M | HK$48.8M | HK$55.1M |
| Total debt | n/a | HK$275M | HK$260M | HK$300M | HK$307M |
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 |
|---|---|---|---|---|---|---|
| BeijingWest Industries International 2339.HK | $589M | -23% | -3% | 1% | 1.6× | n/a |
| Nexteer Automotive 1316.HK | $1.40B | -14% | +6% | 4% | 0.2× | -13.5% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 0.9× | -0.2% |
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 | 2339.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.0% | -5.9% | lowest of 21 |
| 6-month return | -23.4% | -15.2% | 9th lowest of 21 |
| Distance from 52-week high | -61.6% | -34.9% | lowest of 21 |
| Revenue growth (TTM) | -2.6% | +5.4% | 4th lowest of 21 |
| Operating margin | 0.6% | 5.5% | 6th lowest of 21 |
| EV / Sales | 1.6× | 1.8× | 11th cheapest of 21 |
| ROIC minus cost of capital | -7.3 pp | -2.4 pp | 4th lowest of 21 |
| Net debt / EBITDA | -0.0× | -0.2× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BeijingWest Industries International 2339.HK | Hong Kong | $589M | -23% | -3% | 1% | 1.6× | n/a | n/a |
| GSP Automotive Group Wenzhou 605088.SS | China | $590M | -45% | +15% | 8% | 0.8× | n/a | n/a |
| Shenzhen Kaizhong Precision Technology 002823.SZ | China | $585M | -27% | +10% | 8% | 1.6× | -3.3% | +8.8% |
| Jiangsu Nonghua Intelligent Agriculture Technology 000816.SZ | China | $597M | -15% | +14% | 6% | 2.9× | n/a | n/a |
| Wheels India WHEELS.NS | India | $597M | +74% | +17% | 5% | 1.0× | 10.4% | +17.8% |
| Jamna Auto Industries JAMNAAUTO.NS | India | $580M | +4% | +16% | 13% | 2.1× | 11.8% | +19.3% |
| ActBlue 300816.SZ | China | $577M | -34% | +30% | 7% | 3.0× | 21.5% | +9.9% |
| Harbin Dongan Auto Engine 600178.SS | China | $603M | -15% | +4% | -3% | 1.0× | 14.4% | +1.3% |
| Dalian Demaishi Precision Technology 301007.SZ | China | $571M | -31% | 0% | 6% | 6.1× | 34.5% | +7.6% |
| G-Tekt 5970.T | Japan | $570M | +16% | +5% | 5% | 0.3× | n/a | n/a |
| Chongqing Qin'an M&E 603758.SS | China | $567M | -25% | -1% | 6% | 2.5× | 8.8% | +8.2% |
| Jiangsu Changshu Automotive Trim 603035.SS | China | $567M | -23% | +17% | 2% | 0.8× | -8.4% | +26.2% |
| Shandong Meichen Technology 300237.SZ | China | $613M | +23% | -3% | -7% | 3.2× | 2.6% | -10.1% |
| TPR 6463.T | Japan | $620M | +23% | +1% | 6% | 0.6× | -0.4% | +4.6% |
| Hamaton Automotive Technology 300643.SZ | China | $559M | -10% | +7% | 18% | 2.6× | 6.4% | +9.1% |
| Npr-riken 6209.T | Japan | $630M | -5% | -3% | 7% | 0.6× | 2.1% | -3.1% |
| Zhongjie (Jiangsu) Technology 301072.SZ | China | $630M | +63% | +11% | -6% | 5.0× | n/a | n/a |
| Bando Chemical Industries 5195.T | Japan | $632M | +17% | +6% | 9% | 0.7× | -0.1% | +7.9% |
| Shanghai Kelai Mechatronics Engineering 603960.SS | China | $549M | -37% | +4% | 0% | 6.6× | n/a | n/a |
| Burelle BUR.PA | France | $635M | -23% | -3% | 2% | 0.3× | -4.4% | +7.6% |
| Shanghai Sinotec 603121.SS | China | $546M | -46% | +2% | -2% | 3.4× | n/a | n/a |