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Maker of crystal-growth furnaces and equipment used to produce monocrystalline silicon for solar cells and semiconductors.
Maker of crystal-growth furnaces and equipment used to produce monocrystalline silicon for solar cells and semiconductors.
Sells crystal-growth furnaces and related equipment to wafer makers, so orders follow their capacity-building rounds, which swing with solar-industry profitability. A furnace is a one-off purchase, so revenue is lumpy. Semiconductor-grade equipment is its route to a market less tied to solar cycles.
In one line: A Chinese GT Advanced Technologies for silicon crystal-growth equipment.
Moat: narrow (scale, installed base, process know-how). Leading domestic supplier of crystal-growth furnaces with a large installed base across solar makers.
Headquarters: Shaoxing, Zhejiang, China · Founded: 1996 · Employees: 5,745
Size Zhejiang Jingsheng Mechanical & Electrical (300316.SZ) is a China Industrials company (Industrial Machinery) with a market value of $7.69B, the 322nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥36.98 on 6 Nov 2026.
Performance Over six months the shares fell 13.2%, against -14.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue fell 25.1% over the last twelve months (peer median +21.3%); the operating margin is 0.1% (peer median 13.7%).
Valuation It trades at 74.3× forward earnings against a peer median of 22.2× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 40% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +15 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 8.6 points below its cost of capital (11.8% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.50B | CN¥11.4B | CN¥17.5B | CN¥17.8B | CN¥10.5B |
| Revenue growth | — | -35% | -2% | +69% | — |
| Gross profit | CN¥3.19B | CN¥2.99B | CN¥5.54B | CN¥7.18B | CN¥4.03B |
| EBITDA | n/a | CN¥1.71B | CN¥3.68B | CN¥5.92B | CN¥3.18B |
| Net income | CN¥266M | CN¥885M | CN¥2.51B | CN¥4.56B | CN¥2.92B |
| Free cash flow | CN¥1.51B | CN¥204M | CN¥136M | CN¥617M | -CN¥937M |
| Capital expenditure | CN¥708M | CN¥559M | CN¥1.65B | CN¥2.47B | CN¥2.32B |
| Total debt | CN¥3.64B | CN¥2.70B | CN¥2.68B | CN¥3.62B | CN¥3.48B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% |
| TCL Zhonghuan Renewable Energy Technology 002129.SZ | $5.68B | +9% | +13% | -27% | n/a | n/a |
| Shuangliang Eco-Energy Systems 600481.SS | $1.21B | -36% | -29% | -29% | n/a | n/a |
| Ferrotec 6890.T | $2.08B | -19% | +43% | 12% | 8.3× | n/a |
| PVA TePla TPE.DE | $666M | -37% | -4% | 1% | 62.0× | n/a |
| Qingdao Gaoce Technology 688556.SS | $922M | -45% | +5% | -17% | n/a | 8.8% |
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 | 300316.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -12.1% | 5th highest of 21 |
| 6-month return | -13.2% | -14.6% | 9th highest of 21 |
| Distance from 52-week high | -43.9% | -52.3% | 9th highest of 21 |
| Revenue growth (TTM) | -25.1% | +21.3% | lowest of 21 |
| Operating margin | 0.1% | 13.7% | 2nd lowest of 21 |
| Forward P/E | 74.3× | 22.2× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 39.6% | 14.3% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +24.6% | +7.4% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | +15.0 pp | +10.2 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -8.6 pp | -1.9 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Jingsheng Mechanical & Electrical 300316.SZ | China | $7.69B | -13% | -25% | 0% | 74.3× | 39.6% | +24.6% |
| Zoomlion Heavy Industry Science & Technology 1157.HK | Hong Kong | $7.63B | -36% | +23% | 7% | 8.1× | 12.6% | -5.0% |
| Kokusai Electric 6525.T | Japan | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% | -1.5% |
| Leader Harmonious Drive Systems 688017.SS | China | $7.84B | +27% | +46% | 15% | 283.8× | n/a | n/a |
| Wuxi Lead Intelligent Equipment 300450.SZ | China | $7.88B | -41% | +28% | 10% | 22.9× | 10.4% | +19.9% |
| Rational Aktiengesellschaft RAA.DE | Germany | $7.95B | -4% | +6% | 27% | 26.1× | 14.8% | +14.2% |
| Han's Laser Technology Industry 002008.SZ | China | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% | +9.5% |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Robotechnik Intelligent Technology 300757.SZ | China | $7.37B | -42% | +203% | 9% | 219.2× | n/a | n/a |
| GlobalWafers 6488.TWO | Taiwan | $8.15B | -23% | -6% | 11% | 21.4× | n/a | n/a |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Shenzhen Han's CNC Technology 3200.HK | Hong Kong | $8.58B | -66% | +109% | 21% | 9.9× | n/a | n/a |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| IMI IMI.L | United Kingdom | $8.81B | +3% | +8% | 21% | 19.9× | 14.3% | +4.8% |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| Beijing E-Town Semiconductor Technology 688729.SS | China | $8.94B | -14% | +10% | 12% | 52.3× | n/a | n/a |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Guangdong Dtech Technology 301377.SZ | China | $9.23B | -18% | +119% | 36% | 50.9× | n/a | n/a |