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Chinese maker of sliding (plain) bearings used in machinery, autos and industrial equipment.
Chinese maker of sliding (plain) bearings used in machinery, autos and industrial equipment.
Moat: narrow (process know-how). Niche bearing-type specialist in a fragmented Chinese components industry.
Headquarters: Zhejiang, China · Employees: 1,261
Size Zhejiang Changsheng Sliding Bearings (300718.SZ) is a China Industrials company (Metal Fabrication) with a market value of $2.25B, the 1138th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.15 on 6 Nov 2026.
Performance Over six months the shares fell 28.9%, against -7.3% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 19 in its peer set.
Growth Revenue grew 20.3% over the last twelve months (peer median +16.6%); the operating margin is 21.1% (peer median 10.8%).
Valuation It trades at 47.3× forward earnings against a peer median of 23.1× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +14%, 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 12.1 points above its cost of capital (5.6% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.48B | CN¥1.26B | CN¥1.13B | CN¥1.10B | CN¥1.07B |
| Revenue growth | — | +11% | +3% | +3% | — |
| Gross profit | CN¥534M | CN¥421M | CN¥380M | CN¥375M | CN¥298M |
| EBITDA | n/a | CN¥348M | CN¥317M | CN¥318M | CN¥237M |
| Net income | CN¥261M | CN¥253M | CN¥229M | CN¥242M | CN¥102M |
| Free cash flow | CN¥189M | CN¥218M | CN¥228M | CN¥191M | CN¥77.3M |
| Capital expenditure | CN¥104M | CN¥45.4M | CN¥48.5M | CN¥84.3M | CN¥82.3M |
| Total debt | CN¥159M | CN¥73.9M | CN¥162M | CN¥131M | CN¥69.2M |
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 Changsheng Sliding Bearings 300718.SZ | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% |
| Enpro NPO | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% |
| RBC Bearings RBC | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% |
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 | 300718.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | -10.1% | 6th highest of 20 |
| 6-month return | -28.9% | -7.3% | 6th lowest of 19 |
| Distance from 52-week high | -44.8% | -45.0% | 10th highest of 20 |
| Revenue growth (TTM) | +20.3% | +16.6% | 9th highest of 21 |
| Operating margin | 21.1% | 10.8% | 5th highest of 21 |
| Forward P/E | 47.3× | 23.1× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 16.5% | 12.5% | 5th most demanding of 11 |
| Growth delivered (Del g) | +14.1% | +12.9% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | +2.4 pp | +0.5 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +12.1 pp | -0.5 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 20.7× | 9.9% | +12.8% |
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | n/a | 11.3% | +54.0% |
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% | +12.2% |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 91.6× | n/a | n/a |