Shenzhen-based maker of automation equipment for manufacturing customers.
Shenzhen-based maker of automation equipment for manufacturing customers.
Moat: none
Headquarters: Shenzhen, China · Employees: 976
Size Shenzhen JT Automation Equipment (300400.SZ) is a China Industrials company (Industrial Machinery) with a market value of $811M, the 2720th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.70 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against -21.8% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +4.9%); the operating margin is 8.8% (peer median 9.8%).
Valuation It trades at 6.1× enterprise value to sales against a peer median of 2.2× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +37 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 4.0 points above its cost of capital (9.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥834M | CN¥781M | CN¥724M | CN¥715M | CN¥784M |
| Revenue growth | — | +8% | +1% | -9% | — |
| Gross profit | CN¥275M | CN¥247M | CN¥238M | CN¥222M | CN¥262M |
| EBITDA | CN¥88.7M | CN¥102M | CN¥77.5M | CN¥60.6M | CN¥101M |
| Net income | CN¥88.1M | CN¥84.0M | CN¥83.2M | CN¥39.4M | CN¥89.1M |
| Free cash flow | CN¥151M | CN¥191M | CN¥120M | CN¥94.6M | CN¥124M |
| Capital expenditure | CN¥65.0M | CN¥65.6M | CN¥2.61M | CN¥5.77M | CN¥6.29M |
| Total debt | CN¥97.9M | CN¥130M | CN¥93.1M | CN¥134M | CN¥135M |
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| Measure | 300400.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.0% | -9.6% | 5th lowest of 21 |
| 6-month return | -9.3% | -21.8% | 6th highest of 21 |
| Distance from 52-week high | -50.6% | -42.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +8.4% | +4.9% | 8th highest of 21 |
| Operating margin | 8.8% | 9.8% | 8th lowest of 21 |
| EV / Sales | 6.1× | 2.2× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 34.4% | 12.9% | 2nd most demanding of 17 |
| Growth delivered (Del g) | -2.4% | +8.4% | 2nd lowest of 17 |
| Hurdle (Req g minus delivered) | +36.7 pp | +1.9 pp | most demanding of 17 |
| ROIC minus cost of capital | +4.0 pp | +1.5 pp | 7th highest of 20 |
| EV / EBITDA | 57.5× | 18.9× | 2nd most expensive of 9 |
| Net debt / EBITDA | -3.5× | -1.9× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen JT Automation Equipment 300400.SZ | China | $811M | -9% | +8% | 9% | 6.1× | 34.4% | -2.4% |
| Runner (Xiamen) 603408.SS | China | $809M | +2% | +14% | 9% | 0.9× | -6.4% | +5.9% |
| Guangdong Senssun Weighing Apparatus 002870.SZ | China | $807M | -5% | -12% | 2% | 1.5× | 0.7% | +44.0% |
| Hangzhou Zhongtai Cryogenic Technology 300435.SZ | China | $806M | -43% | -22% | 13% | 2.0× | 10.7% | +6.8% |
| CGN Nuclear Technology Development 000881.SZ | China | $816M | -21% | -7% | -8% | 1.5× | n/a | n/a |
| SHANGHAI HUGONG ELECTRIC 603131.SS | China | $816M | -28% | +4% | -2% | 4.5× | n/a | n/a |
| Horng Terng Automation 7751.TWO | Taiwan | $817M | -62% | +150% | 35% | 10.4× | 23.2% | +13.5% |
| Eternal Precision Mechanics 7795.TW | Taiwan | $819M | -9% | -12% | 18% | 12.9× | n/a | n/a |
| BHI 083650.KS | South Korea | $798M | -64% | +90% | 12% | 1.0× | -9.1% | +26.0% |
| JC Finance & Tax Interconnect 002530.SZ | China | $797M | -24% | +12% | 10% | 4.5× | n/a | n/a |
| Hangzhou Fortune Gas Cryogenic 603173.SS | China | $796M | -14% | +4% | 15% | 1.2× | -8.2% | +22.6% |
| Shenzhen Riland Industry 300154.SZ | China | $831M | +41% | -2% | 5% | 5.4× | 44.6% | +10.0% |
| Bingshan Refrigeration & Heat Transfer Technologies 000530.SZ | China | $833M | +47% | -8% | 0% | 1.6× | 20.4% | +20.5% |
| Zenner Metering Technology (Shanghai) 301303.SZ | China | $785M | -17% | +9% | 10% | 2.6× | 15.0% | +15.8% |
| Shibuya 6340.T | Japan | $839M | +40% | +5% | 10% | 0.7× | -0.2% | +5.5% |
| Guizhou Zhongyida 600610.SS | China | $783M | -27% | +5% | 12% | 5.2× | 23.8% | -0.6% |
| QuakeSafe Technologies 300767.SZ | China | $783M | -28% | -3% | -27% | 10.9× | 27.5% | -1.7% |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 2.4× | 24.9% | +3.9% |
| Create Technology & Science 000551.SZ | China | $842M | -29% | +15% | 11% | 1.2× | -0.5% | +5.7% |
| Tiangong International 0826.HK | Hong Kong | $843M | -28% | +8% | 11% | 1.8× | 5.7% | -2.7% |
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 4.3× | 26.3% | +16.8% |