Employees: 1,650
Size Ningbo Cixing (300307.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.05B, the 2212th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.71 on 6 Nov 2026.
Performance Over six months the shares gained 23.7%, against -23.4% for the median peer and -16.4% for the China market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 30.7% over the last twelve months (peer median +14.3%); the operating margin is 9.2% (peer median 8.0%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 3.6× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +2 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 0.1 points below its cost of capital (7.1% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.51B | CN¥1.94B | CN¥2.21B | CN¥2.03B | CN¥1.90B |
| Revenue growth | — | -12% | +9% | +7% | — |
| Gross profit | CN¥839M | CN¥548M | CN¥618M | CN¥524M | CN¥471M |
| EBITDA | n/a | CN¥217M | CN¥259M | CN¥180M | CN¥159M |
| Net income | CN¥186M | CN¥97.4M | CN¥284M | CN¥114M | CN¥91.3M |
| Free cash flow | CN¥322M | -CN¥30.6M | CN¥135M | CN¥100.0M | -CN¥64.0M |
| Capital expenditure | CN¥230M | CN¥79.6M | CN¥87.2M | CN¥31.3M | CN¥78.3M |
| Total debt | CN¥636M | CN¥357M | CN¥806M | CN¥779M | CN¥884M |
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| Measure | 300307.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +27.9% | -15.5% | highest of 21 |
| 6-month return | +23.7% | -23.4% | highest of 20 |
| Distance from 52-week high | -20.2% | -49.5% | highest of 21 |
| Revenue growth (TTM) | +30.7% | +14.3% | 3rd highest of 20 |
| Operating margin | 9.2% | 8.0% | 9th highest of 20 |
| EV / Sales | 2.7× | 3.6× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 11.0% | 6.1% | 5th most demanding of 13 |
| Growth delivered (Del g) | +9.5% | +8.6% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +1.5 pp | -0.1 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -0.1 pp | -2.0 pp | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Cixing 300307.SZ | China | $1.05B | +24% | +31% | 9% | 2.7× | 11.0% | +9.5% |
| MayAir Technology (China) 688376.SS | China | $1.04B | -27% | +7% | 9% | 3.6× | n/a | n/a |
| Ningbo Kangqiang Electronics 002119.SZ | China | $1.04B | -12% | +49% | 5% | 2.6× | n/a | n/a |
| Nikkiso 6376.T | Japan | $1.05B | -5% | +11% | 8% | 1.0× | 6.3% | +6.3% |
| Suzhou SLAC Precision Equipment 300382.SZ | China | $1.04B | -31% | +11% | -4% | 3.8× | n/a | n/a |
| Guangzhou KDT Machinery 002833.SZ | China | $1.05B | -20% | +19% | 20% | 2.4× | 1.5% | +7.6% |
| Tsugami 6101.T | Japan | $1.03B | -23% | +24% | 27% | 1.1× | -5.3% | +15.9% |
| Morimatsu International 2155.HK | Hong Kong | $1.03B | -16% | +14% | 3% | 0.6× | -2.4% | +17.6% |
| Hangzhou XZB Tech 603040.SS | China | $1.06B | -34% | +4% | 34% | 8.5× | 18.2% | +16.5% |
| Allied Machinery 605060.SS | China | $1.03B | -51% | +24% | 22% | 4.4× | 15.5% | +13.2% |
| Miracle Automation Engineering 002009.SZ | China | $1.03B | -27% | +6% | 1% | 2.8× | 34.6% | -5.1% |
| Guangzhou Goaland Energy Conservation Tech 300499.SZ | China | $1.06B | -40% | +28% | 5% | 6.1× | n/a | n/a |
| MACHVISION 3563.TW | Taiwan | $1.08B | -36% | +17% | 37% | 8.7× | 7.5% | +5.9% |
| Jiangsu Shentong Valve 002438.SZ | China | $1.01B | -23% | -5% | 17% | 3.6× | 5.9% | +6.1% |
| Linco Technology 3644.TWO | Taiwan | $1.08B | n/a | n/a | n/a | n/a | n/a | n/a |
| Lindab International LIAB.ST | Sweden | $1.01B | -10% | -3% | 7% | 1.1× | 4.2% | +9.4% |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | 7.5× | 15.3% | +13.1% |
| Sunonwealth Electric Machine Industry 2421.TW | Taiwan | $1.08B | -16% | +21% | 16% | 1.5× | -2.5% | +7.9% |
| Lanzhou LS Heavy Equipment 603169.SS | China | $1.09B | -34% | -29% | -19% | 2.5× | n/a | n/a |
| Sichuan Zigong Conveying Machine 001288.SZ | China | $999M | +1% | -20% | 3% | 5.4× | n/a | n/a |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | 19.1× | n/a | n/a |