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Chinese maker of bonded and sintered NdFeB permanent magnets used in motors, sensors and electronics.
Chinese maker of bonded and sintered NdFeB permanent magnets used in motors, sensors and electronics.
Rare-earth metals are the main cost, and magnet prices tend to move with them, so profit is the processing margin rather than a bet on metal prices. Bonded magnets are shaped to a customer's part and go into small motors and sensors, where they are designed in early and then reordered.
Moat: narrow (process know-how, customer qualification). Magnet-grade quality control and customer qualification create modest switching costs.
Headquarters: Chengdu, Sichuan, China · Employees: 1,480
Size Chengdu Galaxy Magnets (300127.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $1.06B, the 2188th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.88 on 6 Nov 2026.
Performance Over six months the shares fell 30.2%, against -20.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 29.0% over the last twelve months (peer median +8.7%); the operating margin is 21.3% (peer median 1.0%).
Valuation It trades at 39.8× forward earnings against a peer median of 16.9× (4th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +18 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 6.8 points above its cost of capital (11.2% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.06B | CN¥853M | CN¥794M | CN¥819M | CN¥987M |
| Revenue growth | — | +7% | -3% | -17% | — |
| Gross profit | CN¥372M | CN¥287M | CN¥243M | CN¥251M | CN¥260M |
| EBITDA | n/a | CN¥218M | CN¥177M | CN¥187M | CN¥192M |
| Net income | CN¥204M | CN¥178M | CN¥147M | CN¥161M | CN¥171M |
| Free cash flow | CN¥72.1M | CN¥18.7M | CN¥243M | CN¥602,980 | CN¥162M |
| Capital expenditure | CN¥65.2M | CN¥80.9M | CN¥44.8M | CN¥24.5M | CN¥54.7M |
| Total debt | CN¥3.86M | CN¥2.71M | CN¥1.45M | CN¥70.9M | CN¥0 |
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 |
|---|---|---|---|---|---|---|
| Chengdu Galaxy Magnets 300127.SZ | $1.06B | -30% | +29% | 21% | 39.8× | 25.3% |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | $1.87B | -16% | +11% | 3% | 65.8× | n/a |
| JL Mag Rare-Earth 300748.SZ | $4.54B | -27% | +39% | 11% | 33.1× | 22.1% |
| Ningbo Yunsheng 600366.SS | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% |
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 | 300127.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -10.2% | 7th highest of 21 |
| 6-month return | -30.2% | -20.4% | 4th lowest of 21 |
| Distance from 52-week high | -47.9% | -40.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +29.0% | +8.7% | 3rd highest of 21 |
| Operating margin | 21.3% | 1.0% | 2nd highest of 21 |
| Forward P/E | 39.8× | 16.9× | 4th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 25.3% | 23.8% | 5th most demanding of 10 |
| Growth delivered (Del g) | +7.4% | +4.3% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | +17.9 pp | +20.7 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +6.8 pp | -4.9 pp | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chengdu Galaxy Magnets 300127.SZ | China | $1.06B | -30% | +29% | 21% | 39.8× | 25.3% | +7.4% |
| Elecom 6750.T | Japan | $1.07B | +14% | +15% | 12% | 12.1× | -9.4% | +4.3% |
| Global Brands Manufacture 6191.TW | Taiwan | $1.09B | -28% | +49% | 8% | 9.2× | n/a | n/a |
| Plover Bay Technologies 1523.HK | Hong Kong | $959M | -22% | +16% | 42% | 17.7× | 3.8% | +19.9% |
| Hitevision 002955.SZ | China | $928M | +2% | -2% | 3% | 15.4× | n/a | n/a |
| Mirle Automation 2464.TW | Taiwan | $928M | +19% | -4% | 1% | 56.5× | n/a | n/a |
| Beijing Certificate Authority 300579.SZ | China | $912M | -15% | -11% | -11% | n/a | 29.0% | -0.4% |
| FIH Mobile 2038.HK | Hong Kong | $1.24B | -51% | +17% | 1% | n/a | -11.2% | -5.6% |
| Hua Ying Technology (Group) 000536.SZ | China | $1.27B | -23% | -13% | -54% | n/a | 47.9% | -8.6% |
| Ai Holdings Corporation 3076.T | Japan | $885M | +10% | +28% | 13% | 16.9× | -6.9% | +13.0% |
| NSFOCUS Technologies 300369.SZ | China | $1.29B | +45% | +8% | -4% | 266.0× | 38.1% | +4.9% |
| ShunSin Technology 6451.TW | Taiwan | $866M | -53% | +8% | 4% | n/a | n/a | n/a |
| Scantech (Hangzhou) 688583.SS | China | $1.31B | -20% | +4% | 1% | n/a | n/a | n/a |
| Visionox Technology 002387.SZ | China | $1.35B | -20% | -1% | -35% | n/a | 50.6% | +18.9% |
| Shandong New Beiyang Information Technology 002376.SZ | China | $794M | -9% | +21% | 0% | n/a | 23.8% | +3.1% |
| Toyou Feiji Electronics 300302.SZ | China | $1.49B | -24% | +5% | -15% | n/a | n/a | n/a |
| Nancal Technology 603859.SS | China | $1.49B | -5% | +10% | 12% | 42.5× | n/a | n/a |
| Shenzhen Rapoo Technology 002577.SZ | China | $754M | +4% | +11% | -2% | n/a | n/a | n/a |
| Primax Electronics 4915.TW | Taiwan | $744M | -29% | +9% | 4% | 10.5× | n/a | n/a |
| Fujian Furi Electronics 600203.SS | China | $736M | -32% | +35% | 0% | n/a | n/a | n/a |
| InfoVision Optoelectronics (Kunshan) 688055.SS | China | $1.56B | -23% | -24% | -19% | n/a | n/a | n/a |