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Employees: 1,816
Size Harbin Jiuzhou (300040.SZ) is a China Industrials company (Electrical Products) with a market value of $513M, the 3806th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.36 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -26.3% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +18.0%); the operating margin is 9.4% (peer median 3.9%).
Valuation It trades at 23.3× forward earnings against a peer median of 16.6× (2nd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +15 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 3.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.38B | CN¥1.45B | CN¥1.48B | CN¥1.21B | CN¥1.32B |
| Revenue growth | — | -2% | +22% | -8% | — |
| Gross profit | CN¥364M | CN¥359M | CN¥364M | CN¥319M | CN¥466M |
| EBITDA | CN¥394M | CN¥390M | CN¥330M | CN¥417M | CN¥561M |
| Net income | CN¥21.5M | CN¥40.9M | -CN¥545M | CN¥94.2M | CN¥148M |
| Free cash flow | CN¥370M | CN¥195M | -CN¥168M | -CN¥7.48M | -CN¥21.0M |
| Capital expenditure | CN¥139M | CN¥172M | CN¥302M | CN¥545M | CN¥475M |
| Total debt | CN¥3.86B | CN¥4.13B | CN¥4.05B | CN¥3.72B | CN¥3.89B |
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 | 300040.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | -13.6% | 4th highest of 21 |
| 6-month return | -25.8% | -26.3% | 10th highest of 21 |
| Distance from 52-week high | -43.5% | -48.1% | 9th highest of 21 |
| Revenue growth (TTM) | -3.1% | +18.0% | 5th lowest of 21 |
| Operating margin | 9.4% | 3.9% | 5th highest of 21 |
| Forward P/E | 23.3× | 16.6× | 2nd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 17.6% | 10.7% | 3rd most demanding of 9 |
| Growth delivered (Del g) | +2.6% | +6.8% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +15.0 pp | +6.2 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -3.5 pp | -2.0 pp | 10th lowest of 21 |
| EV / EBITDA | 18.4× | 16.1× | 4th most expensive of 8 |
| Net debt / EBITDA | 9.5× | -1.6× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Harbin Jiuzhou 300040.SZ | China | $513M | -26% | -3% | 9% | 23.3× | 17.6% | +2.6% |
| Guoxia Technology 2655.HK | Hong Kong | $513M | -66% | +78% | 9% | n/a | n/a | n/a |
| Ram Ratna Wires RAMRAT.NS | India | $508M | +13% | +72% | 4% | n/a | n/a | n/a |
| Zaptec ZAP.OL | Norway | $519M | +31% | +34% | 10% | 29.5× | -2.8% | +47.5% |
| Shenzhen UUGreenPower 301590.SZ | China | $507M | -55% | -12% | -11% | 16.6× | n/a | n/a |
| Veken Technology 600152.SS | China | $523M | -56% | +15% | -7% | n/a | n/a | n/a |
| V-Marc India VMARCIND.NS | India | $503M | +93% | +218% | 10% | n/a | n/a | n/a |
| Qingdao Topscomm Communication 603421.SS | China | $523M | -35% | -39% | -50% | n/a | 5.8% | -6.5% |
| Shenzhen Deren Electronic 002055.SZ | China | $502M | -9% | -6% | 4% | n/a | n/a | n/a |
| SEBANG GLOBAL BATTERY 004490.KS | South Korea | $525M | -18% | -2% | 6% | 3.7× | n/a | n/a |
| Shanghai Smart Control 001266.SZ | China | $528M | -16% | +25% | 5% | n/a | 24.4% | +6.1% |
| Shenyu Communication Technology 300563.SZ | China | $529M | -40% | +2% | 7% | n/a | 16.2% | +6.4% |
| Ceepower 300062.SZ | China | $532M | -27% | +19% | -7% | n/a | 6.6% | +4.1% |
| Beijing Dinghan Technology 300011.SZ | China | $494M | -26% | -2% | -1% | n/a | 31.5% | +7.2% |
| SEMCNS 252990.KS | South Korea | $492M | -20% | +66% | 29% | 17.4× | 14.8% | +16.8% |
| Nantong Xingqiu Graphite 688633.SS | China | $490M | -47% | +44% | 31% | 8.1× | -6.5% | +7.6% |
| Ballard Power Systems BLDP.TO | Canada | $541M | -66% | +45% | -47% | n/a | n/a | n/a |
| Anfu CE LINK 300787.SZ | China | $484M | -4% | +17% | -1% | n/a | n/a | n/a |
| Sanyou 300932.SZ | China | $544M | -21% | +14% | 6% | n/a | n/a | n/a |
| Zhejiang Mustang Battery 605378.SS | China | $544M | -32% | -11% | 2% | n/a | n/a | n/a |
| Sichuan Zhongguang Lightning Protection Technologies 300414.SZ | China | $478M | -31% | +21% | 3% | n/a | n/a | n/a |