Loading…
← CockpitCompetitor Analysis › 300397.SZ Xi'An Tian He Defense Technology Co. Ltd. Class AOpen in the cockpit ↗

Xi'An Tian He Defense Technology Co. Ltd. Class A300397.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Aerospace & Defense
Momentum weak 28
Mkt cap
$713M
US dollars, full cap
Free float
86%
of shares outstanding
$/day
$21.4M
20-day average traded
Fwd P/E
31.7×
forward earnings
ROIC−WACC
-9.0 pp
WACC 9.8%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥9.18
1D-2.2%
1W+5.0%
1M-12.2%
3M-11.5%
6M-27.7%
YTD-38.1%
1Y-24.6%
ATR %5.2%
52w lowhigh47.2% off high

What Xi'An Tian He Defense Technology does

Employees: 1,478

Xi'An Tian He Defense Technology at a glance

Size Xi'An Tian He Defense Technology (300397.SZ) is a China Industrials company (Aerospace & Defense) with a market value of $713M, the 3026th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.18 on 6 Nov 2026.

Performance Over six months the shares fell 27.7%, against -40.8% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 69.4% over the last twelve months (peer median +4.6%); the operating margin is -4.5% (peer median -1.9%).

Valuation It trades at 31.7× forward earnings against a peer median of 26.1× (5th most expensive of 11).

Capital Return on invested capital runs 9.0 points below its cost of capital (9.8% WACC).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026300397.SZ 71Peer median 59
Six months, rebased to 100: Xi'An Tian He Defense Technology against the median of its 20 peers (local-currency closes).

Xi'An Tian He Defense Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥662MCN¥498MCN¥396MCN¥343MCN¥500M
Revenue growth—+26%+15%-31%—
Gross profitCN¥209MCN¥92.0MCN¥62.8MCN¥21.4MCN¥98.0M
EBITDAn/a-CN¥25.4M-CN¥46.1M-CN¥141M-CN¥121M
Net income-CN¥52.4M-CN¥100M-CN¥105M-CN¥196M-CN¥151M
Free cash flow-CN¥95.6M-CN¥129M-CN¥235M-CN¥313M-CN¥379M
Capital expenditureCN¥48.9MCN¥39.3MCN¥133MCN¥248MCN¥308M
Total debtCN¥745MCN¥681MCN¥419MCN¥520MCN¥386M

Quarterly statements and history in the cockpit →

Xi'An Tian He Defense Technology competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%7224300696001388600990688510CHRTEVEXDRO688685YSS688631300722PNG300581AVONSATL002970V1NC300397.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Xi'An Tian He Defense Technology is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%25×50×75×300696600990688510CHRT688685688631PNGAVON002970300397.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Xi'An Tian He Defense Technology is the large dot.

Xi'An Tian He Defense Technology competitors and peer comparison

How Xi'An Tian He Defense Technology compares with its peers

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.

Xi'An Tian He Defense Technology against its 20 peers (data as of 6 Nov 2026)
Measure300397.SZPeer medianRank in peer set
1-month return-12.2%-8.5%9th lowest of 20
6-month return-27.7%-40.8%7th highest of 20
Distance from 52-week high-47.2%-58.2%6th highest of 20
Revenue growth (TTM)+69.4%+4.6%3rd highest of 20
Operating margin-4.5%-1.9%10th lowest of 20
Forward P/E31.7×26.1×5th most expensive of 11
ROIC minus cost of capital-9.0 pp-5.7 pp8th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Xi'An Tian He Defense Technology 300397.SZChina$713M-28%+69%-5%31.7×n/an/a
Shinmaywa Industries,Ltd 7224.TJapan$721M-32%+12%6%n/a-5.6%+6.4%
Chengdu ALD Aviation Manufacturing 300696.SZChina$733M-58%-18%-12%79.0×n/an/a
Shandong Senter Electronic 001388.SZChina$742M-16%+5%6%n/a21.1%+17.7%
Sun-Create Electronics 600990.SSChina$669M-28%-13%-30%57.1×35.7%-15.1%
Wuxi Hyatech 688510.SSChina$768M-41%-4%12%38.6×41.9%+18.2%
Cohort CHRT.LUnited Kingdom$774M+9%+13%11%18.5×n/an/a
Eve EVEXUnited States$645M-43%n/an/an/an/an/a
DroneShield DRO.AXAustralia$818M-60%+153%-14%n/an/an/a
Jiangsu Maixinlin Aviation Science and Technology 688685.SSChina$620M-42%-36%-18%21.2×n/an/a
York Space Systems YSSUnited States$860M-82%+52%-15%n/an/an/a
Nanjing LES Information Technology 688631.SSChina$863M-38%-31%-5%90.2×36.9%-1.1%
Jiangxi Xinyu Guoke Technology 300722.SZChina$870M-26%+14%14%n/a38.8%+12.9%
Tonbo Imaging India TONBO.NSIndia$895Mn/a-23%21%n/an/an/a
Kraken Robotics PNG.VCanada$896M-53%+21%-2%27.6×n/an/a
Beijing Navigation Control Technology 688282.SSChina$564M-42%-4%-26%n/an/an/a
Xi'an ChenXi Aviation Technology 300581.SZChina$906M-13%0%-78%n/an/an/a
Avon Technologies AVON.LUnited Kingdom$933M+45%+5%12%22.8×16.3%+7.4%
Satellogic SATLUnited States$535M-54%+369%-67%n/an/an/a
Streamax Technology 002970.SZChina$951M-51%+3%11%12.3×n/an/a
Vincorion V1NC.DEGermany$982M-5%+18%12%24.6×38.0%+47.5%

Questions

Which companies are Xi'An Tian He Defense Technology's closest peers?
The cockpit's peer set: Shinmaywa Industries,Ltd (7224.T), Chengdu ALD Aviation Manufacturing (300696.SZ), Shandong Senter Electronic (001388.SZ), Sun-Create Electronics (600990.SS), Wuxi Hyatech (688510.SS), Cohort (CHRT.L), Eve (EVEX), DroneShield (DRO.AX).
Is Xi'An Tian He Defense Technology expensive compared with its peers?
On forward p/e it trades at 31.7× against a peer median of 26.1×, 5th most expensive of 11 in its peer set.
How has Xi'An Tian He Defense Technology stock performed?
Over six months to 6 Nov 2026 the shares returned -27.7% against -40.8% for the median peer; over one year -24.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.