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Employees: 6,215
Size Chongqing Machinery & Electric (2722.HK) is a Hong Kong Industrials company (Industrial Machinery) with a market value of $634M, the 698th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.35 on 6 Nov 2026.
Performance Over six months the shares fell 61.4%, against -24.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 19.9% over the last twelve months (peer median +10.5%); the operating margin is 0.8% (peer median 10.6%).
Valuation It trades at 4.0× forward earnings against a peer median of 14.6× (cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.6 points below its cost of capital (7.2% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$12.0B | HK$10.8B | HK$9.66B | HK$8.84B | HK$8.30B |
| Revenue growth | — | +12% | +9% | +6% | — |
| Gross profit | HK$1.68B | HK$1.58B | HK$1.51B | HK$1.45B | HK$1.48B |
| EBITDA | HK$475M | HK$450M | HK$309M | HK$375M | HK$434M |
| Net income | HK$1.04B | HK$828M | HK$468M | HK$336M | HK$361M |
| Free cash flow | n/a | HK$852M | HK$955M | HK$269M | HK$614M |
| Capital expenditure | n/a | HK$248M | HK$220M | HK$217M | HK$83.4M |
| Total debt | n/a | HK$6.46B | HK$4.98B | HK$5.57B | HK$5.83B |
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.
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 | 2722.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.9% | -16.1% | 11th highest of 21 |
| 6-month return | -61.4% | -24.7% | lowest of 20 |
| Distance from 52-week high | -64.7% | -48.7% | lowest of 21 |
| Revenue growth (TTM) | +19.9% | +10.5% | 5th highest of 21 |
| Operating margin | 0.8% | 10.6% | 5th lowest of 21 |
| Forward P/E | 4.0× | 14.6× | cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 13.5% | 7.7% | 4th most demanding of 9 |
| Growth delivered (Del g) | +8.8% | +7.7% | 4th highest of 9 |
| Hurdle (Req g minus delivered) | +4.6 pp | +3.9 pp | 5th least demanding of 9 |
| ROIC minus cost of capital | -6.6 pp | -3.6 pp | 6th lowest of 21 |
| Net debt / EBITDA | 0.5× | -0.2× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chongqing Machinery & Electric 2722.HK | Hong Kong | $634M | -61% | +20% | 1% | 4.0× | 13.5% | +8.8% |
| Noritz 5943.T | Japan | $633M | -3% | -1% | 2% | 12.8× | 4.1% | +1.9% |
| Zhejiang Kangsheng 002418.SZ | China | $632M | -34% | +14% | 2% | n/a | n/a | n/a |
| Sanchuan Wisdom Technology 300066.SZ | China | $632M | -35% | +16% | -1% | n/a | n/a | n/a |
| Asahi Yukizai 4216.T | Japan | $638M | -8% | +1% | 11% | 16.4× | -1.8% | +8.4% |
| Obara 6877.T | Japan | $630M | +12% | +17% | 17% | 10.6× | -0.2% | +6.9% |
| OK Science & Technology 001223.SZ | China | $629M | -19% | +10% | -5% | n/a | n/a | n/a |
| Ningbo BaoSi Energy Equipment 300441.SZ | China | $640M | -5% | 0% | 12% | 7.4× | n/a | n/a |
| Man Industries (India) MANINDS.NS | India | $629M | +49% | +11% | 11% | 19.2× | n/a | n/a |
| Jiangsu Yawei Machine Tool 002559.SZ | China | $624M | -25% | +7% | 2% | 25.9× | 24.8% | +6.9% |
| Furukawa 5715.T | Japan | $646M | -24% | +10% | 6% | 12.8× | n/a | n/a |
| Nextool Technology 688419.SS | China | $621M | -14% | +36% | 24% | 23.7× | 34.4% | +11.8% |
| Shin Zu Shing 3376.TW | Taiwan | $648M | -47% | -22% | -2% | 11.1× | n/a | n/a |
| Krn Heat Exchanger and Refrigeration KRN.NS | India | $651M | -29% | +77% | 15% | 46.3× | n/a | n/a |
| Glotech Industrial 5475.TWO | Taiwan | $652M | -56% | +101% | 12% | n/a | n/a | n/a |
| Techman Robot 4585.TW | Taiwan | $652M | -40% | +33% | 6% | n/a | 50.5% | +9.4% |
| Yuhuan CNC Machine Tool 002903.SZ | China | $616M | -28% | -26% | -18% | 335.0× | n/a | n/a |
| Xiamen Dingrongyan Technology 301028.SZ | China | $614M | -25% | +15% | 16% | n/a | n/a | n/a |
| Shuifa Gas 603318.SS | China | $656M | -45% | -4% | 11% | n/a | n/a | n/a |
| Zhejiang Xinxing Tools 301677.SZ | China | $658M | n/a | +10% | 40% | n/a | -1.0% | +9.6% |
| Valqua 7995.T | Japan | $611M | -6% | +15% | 15% | 10.2× | 11.3% | +5.5% |