Loading…
Chinese maker of large forged and cast rings and bearings used in wind-turbine generators.
Chinese maker of large forged and cast rings and bearings used in wind-turbine generators.
Moat: narrow (process know-how, customer qualification). Large-forging metallurgy and qualification with turbine OEMs limit new entrants.
Headquarters: Jiangsu, China · Employees: 4,818
Size Tongyu Heavy Industry (300185.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.59B, the 1551st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.62 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -15.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 5.7% over the last twelve months (peer median +14.4%); the operating margin is 3.9% (peer median 9.9%).
Valuation It trades at 43.7× forward earnings against a peer median of 23.0× (2nd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +3 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 1.2 points below its cost of capital (5.6% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.99B | CN¥6.56B | CN¥6.14B | CN¥5.79B | CN¥5.90B |
| Revenue growth | — | +7% | +6% | -2% | — |
| Gross profit | CN¥1.32B | CN¥810M | CN¥704M | CN¥929M | CN¥864M |
| EBITDA | n/a | CN¥832M | CN¥659M | CN¥821M | CN¥842M |
| Net income | CN¥72.6M | CN¥65.5M | CN¥41.4M | CN¥204M | CN¥246M |
| Free cash flow | CN¥743M | CN¥612M | -CN¥92.6M | -CN¥869M | -CN¥858M |
| Capital expenditure | CN¥403M | CN¥396M | CN¥317M | CN¥736M | CN¥792M |
| Total debt | CN¥5.05B | CN¥5.81B | CN¥6.80B | CN¥6.92B | CN¥7.27B |
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 | 300185.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -10.3% | 9th highest of 21 |
| 6-month return | -17.4% | -15.5% | 8th lowest of 20 |
| Distance from 52-week high | -40.2% | -42.0% | 9th highest of 21 |
| Revenue growth (TTM) | +5.7% | +14.4% | 8th lowest of 21 |
| Operating margin | 3.9% | 9.9% | 5th lowest of 21 |
| Forward P/E | 43.7× | 23.0× | 2nd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 10.9% | 4th least demanding of 15 |
| Growth delivered (Del g) | +3.1% | +11.9% | lowest of 15 |
| Hurdle (Req g minus delivered) | +3.2 pp | -0.8 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | -1.2 pp | -2.4 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| 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% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| 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% |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| 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% |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | n/a | 28.5% | +26.7% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | n/a | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 71.0× | n/a | n/a |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 19.3× | 5.3% | +9.1% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 42.5× | 45.8% | +25.4% |