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Employees: 612
Size Dongguan Golden Sun Abrasives (300606.SZ) is a China Materials company (Industrial Specialties) with a market value of $545M, the 3648th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥26.83 on 6 Nov 2026.
Performance Over six months the shares fell 28.9%, against -19.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 11.9% over the last twelve months (peer median +6.6%); the operating margin is 4.5% (peer median 3.8%).
Valuation It trades at 7.7× enterprise value to sales against a peer median of 2.3× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +29 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 3.7 points below its cost of capital (8.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥501M | CN¥544M | CN¥492M | CN¥561M | CN¥392M |
| Revenue growth | — | +11% | -12% | +43% | — |
| Gross profit | CN¥146M | CN¥110M | CN¥103M | CN¥150M | CN¥85.7M |
| EBITDA | n/a | CN¥72.3M | CN¥13.3M | CN¥85.4M | CN¥44.0M |
| Net income | CN¥17.0M | CN¥19.9M | -CN¥16.4M | CN¥52.3M | CN¥25.8M |
| Free cash flow | CN¥63.6M | CN¥86.8M | -CN¥67.9M | -CN¥54.8M | -CN¥79.5M |
| Capital expenditure | CN¥35.5M | CN¥61.8M | CN¥122M | CN¥169M | CN¥102M |
| Total debt | CN¥381M | CN¥382M | CN¥405M | CN¥227M | CN¥138M |
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.
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 | 300606.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.2% | -12.3% | 11th highest of 21 |
| 6-month return | -28.9% | -19.4% | 4th lowest of 21 |
| Distance from 52-week high | -48.3% | -43.9% | 7th lowest of 21 |
| Revenue growth (TTM) | -11.9% | +6.6% | 5th lowest of 21 |
| Operating margin | 4.5% | 3.8% | 9th highest of 21 |
| EV / Sales | 7.7× | 2.3× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 35.2% | 19.2% | 4th most demanding of 13 |
| Growth delivered (Del g) | +5.8% | +9.5% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +29.5 pp | +9.0 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -3.7 pp | -5.7 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongguan Golden Sun Abrasives 300606.SZ | China | $545M | -29% | -12% | 5% | 7.7× | 35.2% | +5.8% |
| Zhejiang Runyang New Material Technology 300920.SZ | China | $548M | -6% | -1% | 5% | 8.9× | 51.7% | -0.5% |
| Suzhou Xingye Materials Technology 603928.SS | China | $540M | -14% | +15% | 7% | 2.1× | 17.2% | +1.8% |
| Rayitek Hi-Tech Film 688323.SS | China | $554M | -23% | +8% | -11% | 10.9× | n/a | n/a |
| Changzhou Almaden Stock 002623.SZ | China | $558M | -11% | -22% | -11% | 2.5× | n/a | n/a |
| HankukCarbon 017960.KS | South Korea | $526M | -71% | +11% | 18% | 0.6× | -20.0% | +17.2% |
| Lucky Film 600135.SS | China | $568M | -40% | +14% | -4% | 2.2× | n/a | n/a |
| Shanghai Yongguan Adhesive Products 603681.SS | China | $520M | -20% | +7% | 1% | 0.8× | 28.1% | +22.6% |
| Changchun Gas 600333.SS | China | $520M | -1% | +15% | 4% | 2.4× | 21.2% | +9.6% |
| Dongguan Changlian New Materials Technology 301618.SZ | China | $519M | -21% | +23% | 4% | 5.0× | 48.7% | +3.2% |
| Shenzhen Xinhao Photoelectricity Technology 301051.SZ | China | $577M | -19% | -23% | -26% | 3.6× | n/a | n/a |
| Tianyang New Materials (Shanghai) Technology 603330.SS | China | $579M | +21% | -35% | -29% | 5.4× | 10.6% | +4.2% |
| Shenzhen King Explorer Science & Technology 002917.SZ | China | $509M | -25% | +1% | 11% | 2.2× | -1.1% | +22.8% |
| NanJing Sanchao Advanced Materials 300554.SZ | China | $508M | -27% | +6% | -51% | 12.4× | n/a | n/a |
| ZACROS 7917.T | Japan | $596M | -11% | +6% | 7% | 0.6× | n/a | n/a |
| Kangda New Materials (Group) 002669.SZ | China | $498M | -18% | +23% | 3% | 1.2× | n/a | n/a |
| Beijing Comens New Materials 300200.SZ | China | $491M | -24% | +20% | 4% | 2.4× | n/a | n/a |
| Sheela Foam SFL.NS | India | $614M | -7% | +20% | 6% | 1.6× | 23.3% | +9.4% |
| Shanxi Huhua 003002.SZ | China | $482M | -52% | -4% | 6% | 2.2× | 12.0% | +18.8% |
| Wuxi Holyview Microelectronics 603375.SS | China | $618M | -10% | -17% | -9% | 8.0× | 53.9% | +17.3% |
| Jiangsu Xiuqiang Glasswork 300160.SZ | China | $478M | -20% | -8% | 7% | 1.4× | 1.7% | +5.3% |