Employees: 1,843
Size Zhangjiagang Furui Special Equipment (300228.SZ) is a China Industrials company (Industrial Machinery) with a market value of $533M, the 3708th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.95 on 6 Nov 2026.
Performance Over six months the shares fell 36.1%, against -30.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue fell 12.0% over the last twelve months (peer median +12.9%); the operating margin is 8.2% (peer median 6.5%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 2.5× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points above its cost of capital (8.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.74B | CN¥3.14B | CN¥3.31B | CN¥3.03B | CN¥1.60B |
| Revenue growth | — | -5% | +9% | +89% | — |
| Gross profit | CN¥684M | CN¥727M | CN¥709M | CN¥589M | CN¥154M |
| EBITDA | n/a | CN¥564M | CN¥519M | CN¥412M | -CN¥27.6M |
| Net income | CN¥143M | CN¥241M | CN¥219M | CN¥147M | -CN¥223M |
| Free cash flow | CN¥413M | CN¥493M | CN¥219M | CN¥69.6M | CN¥1.29M |
| Capital expenditure | CN¥115M | CN¥112M | CN¥181M | CN¥206M | CN¥337M |
| Total debt | CN¥161M | CN¥274M | CN¥342M | CN¥732M | CN¥859M |
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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 | 300228.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.1% | -17.7% | 6th highest of 20 |
| 6-month return | -36.1% | -30.2% | 7th lowest of 20 |
| Distance from 52-week high | -54.5% | -48.6% | 8th lowest of 21 |
| Revenue growth (TTM) | -12.0% | +12.9% | 4th lowest of 20 |
| Operating margin | 8.2% | 6.5% | 7th highest of 20 |
| EV / Sales | 1.1× | 2.5× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.9% | 12.4% | least demanding of 11 |
| Growth delivered (Del g) | +11.8% | +9.0% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -15.7 pp | +5.5 pp | least demanding of 11 |
| ROIC minus cost of capital | +4.6 pp | -3.3 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhangjiagang Furui Special Equipment 300228.SZ | China | $533M | -36% | -12% | 8% | 1.1× | -3.9% | +11.8% |
| Higa 603150.SS | China | $532M | -32% | +76% | 3% | 0.9× | 15.7% | +27.7% |
| Porvair PRV.L | United Kingdom | $532M | +15% | +3% | 13% | 2.0× | 6.8% | +7.5% |
| GMM Pfaudler GMMPFAUDLR.NS | India | $532M | +22% | +14% | 7% | 1.4× | 13.9% | +28.6% |
| Komori 6349.T | Japan | $536M | +9% | +4% | 8% | 0.4× | n/a | n/a |
| Qingdao Weflo Valve 002871.SZ | China | $530M | -24% | +17% | 18% | 4.3× | 22.0% | +14.3% |
| Nanjing Canatal Data-Centre Environmental Tech 603912.SS | China | $529M | -38% | -18% | -19% | 4.7× | n/a | n/a |
| Nomura Micro Science 6254.T | Japan | $527M | -43% | -48% | 11% | 2.5× | 22.4% | +13.1% |
| Cashway Fintech 603106.SS | China | $526M | -24% | -36% | 8% | 10.1× | n/a | n/a |
| Fujian Raynen Technology 603933.SS | China | $526M | -31% | +29% | 3% | 1.6× | n/a | n/a |
| HNAC Technology 300490.SZ | China | $525M | -57% | +79% | 0% | 1.2× | n/a | n/a |
| Shanghai Yongli Belting 300230.SZ | China | $544M | -11% | +13% | 10% | 1.3× | -2.6% | -5.7% |
| Wayz Intelligent Manufacturing Technology 688211.SS | China | $545M | -18% | +25% | -3% | 0.9× | n/a | n/a |
| Zhuhai Huajin Capital 000532.SZ | China | $545M | -17% | +8% | 32% | 6.4× | 7.1% | -0.7% |
| Guangdong Jinma Entertainment 300756.SZ | China | $521M | -59% | -8% | 0% | 5.0× | n/a | n/a |
| Shandong Shuangyi Technology 300690.SZ | China | $521M | -26% | +15% | 15% | 2.5× | 10.9% | -6.3% |
| Forge Nano NANO | United States | $545M | n/a | n/a | n/a | n/a | n/a | n/a |
| Beijing SinoHytec 688339.SS | China | $521M | -38% | +75% | -205% | 10.2× | n/a | n/a |
| Suzhou Thvow Technology 002564.SZ | China | $521M | -33% | -9% | 4% | 3.0× | 27.5% | -19.9% |
| Tsukishima 6332.T | Japan | $547M | -30% | +8% | 7% | 0.4× | -3.7% | +10.5% |
| Zhejiang Galaxis Technology 2729.HK | Hong Kong | $518M | -74% | +26% | -4% | 3.6× | n/a | n/a |