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Chinese maker of pharmaceutical and biopharma production equipment — freeze dryers, sterile fill-finish and bioreactor systems.
Chinese maker of pharmaceutical and biopharma production equipment — freeze dryers, sterile fill-finish and bioreactor systems.
Sells freeze-drying and fill-finish lines as large project orders, often with installation and validation work, so income comes in lumps tied to drugmakers' plant investments and recognised after customer acceptance.
In one line: A Chinese IMA/Bausch+Strobel.
Moat: narrow (process know-how, customer qualification). Equipment must be validated within GMP-regulated pharma production lines, creating switching friction.
Headquarters: Shanghai, China · Founded: 1998 · Employees: 5,479
Size Tofflon Science and Technology (300171.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.57B, the 1566th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.69 on 6 Nov 2026.
Performance Over six months the shares gained 4.3%, against -17.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue fell 1.5% over the last twelve months (peer median +14.4%); the operating margin is 5.5% (peer median 8.5%).
Valuation It trades at 34.7× forward earnings against a peer median of 23.3× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points below its cost of capital (9.5% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.15B | CN¥5.21B | CN¥4.99B | CN¥5.61B | CN¥5.44B |
| Revenue growth | — | +4% | -11% | +3% | — |
| Gross profit | CN¥1.67B | CN¥1.42B | CN¥1.37B | CN¥1.89B | CN¥2.06B |
| EBITDA | n/a | CN¥317M | CN¥209M | CN¥683M | CN¥935M |
| Net income | CN¥265M | CN¥200M | CN¥194M | CN¥600M | CN¥847M |
| Free cash flow | CN¥685M | CN¥517M | CN¥389M | -CN¥1.01B | -CN¥475M |
| Capital expenditure | CN¥124M | CN¥271M | CN¥499M | CN¥695M | CN¥726M |
| Total debt | CN¥114M | CN¥161M | CN¥78.1M | CN¥49.0M | CN¥47.1M |
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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 | 300171.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -10.3% | 9th lowest of 21 |
| 6-month return | +4.3% | -17.4% | 3rd highest of 20 |
| Distance from 52-week high | -32.8% | -47.3% | 4th highest of 21 |
| Revenue growth (TTM) | -1.5% | +14.4% | 4th lowest of 21 |
| Operating margin | 5.5% | 8.5% | 7th lowest of 21 |
| Forward P/E | 34.7× | 23.3× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 10.9% | 4th least demanding of 13 |
| Growth delivered (Del g) | +14.0% | +10.3% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -6.0 pp | +1.5 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | -2.7 pp | -2.5 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 14.6× | 11.2% | +9.9% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | n/a | 28.5% | +26.7% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | n/a | n/a | n/a |
| Jiangsu Huahong Technology Stock 002645.SZ | China | $1.52B | -38% | +57% | 5% | 20.6× | n/a | n/a |
| Changzheng Engineering Technology 603698.SS | China | $1.51B | -57% | -4% | 7% | 33.0× | n/a | n/a |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |