Employees: 474
Size Hiecise Precision Equipment (300809.SZ) is a China Industrials company (Industrial Machinery) with a market value of $776M, the 2843rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥20.41 on 6 Nov 2026.
Performance Over six months the shares fell 36.3%, against -22.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 13.3% over the last twelve months (peer median +5.7%); the operating margin is 4.0% (peer median 6.4%).
Valuation It trades at 35.8× forward earnings against a peer median of 24.3× (5th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is +18 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 4.7 points below its cost of capital (9.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥439M | CN¥541M | CN¥442M | CN¥477M | CN¥335M |
| Revenue growth | — | +22% | -7% | +42% | — |
| Gross profit | CN¥159M | CN¥154M | CN¥119M | CN¥156M | CN¥104M |
| EBITDA | n/a | CN¥66.3M | CN¥44.1M | CN¥128M | CN¥27.6M |
| Net income | CN¥145M | CN¥202M | CN¥62.0M | CN¥118M | CN¥47.2M |
| Free cash flow | CN¥155M | CN¥165M | CN¥102M | -CN¥105M | CN¥28.6M |
| Capital expenditure | CN¥18.3M | CN¥23.9M | CN¥45.6M | CN¥153M | CN¥50.1M |
| Total debt | CN¥75.8M | CN¥79.0M | CN¥76.9M | CN¥79.0M | CN¥104M |
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| Measure | 300809.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.4% | -6.4% | 9th lowest of 21 |
| 6-month return | -36.3% | -22.9% | 4th lowest of 21 |
| Distance from 52-week high | -53.1% | -43.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -13.3% | +5.7% | 2nd lowest of 21 |
| Operating margin | 4.0% | 6.4% | 10th lowest of 21 |
| Forward P/E | 35.8× | 24.3× | 5th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 37.2% | 12.6% | most demanding of 15 |
| Growth delivered (Del g) | +18.7% | +6.3% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | +18.5 pp | +1.5 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | -4.7 pp | -5.2 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 35.8× | 37.2% | +18.7% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | n/a | 22.3% | -6.0% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 117.7× | n/a | n/a |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 11.1× | -13.2% | +7.9% |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 14.8× | 24.9% | +3.9% |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 19.8× | 13.3% | +4.7% |
| QuakeSafe Technologies 300767.SZ | China | $783M | -28% | -3% | -27% | n/a | 27.5% | -1.7% |
| Guizhou Zhongyida 600610.SS | China | $783M | -27% | +5% | 12% | n/a | 23.8% | -0.6% |
| Zenner Metering Technology (Shanghai) 301303.SZ | China | $785M | -17% | +9% | 10% | n/a | 15.0% | +15.8% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 50.5× | n/a | n/a |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | n/a | 11.1% | +10.0% |
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | n/a | -7.6% | +11.2% |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 166.1× | 11.8% | -11.3% |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | n/a | n/a | n/a |
| Hangzhou Fortune Gas Cryogenic 603173.SS | China | $796M | -14% | +4% | 15% | 9.9× | -8.2% | +22.6% |
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | n/a | n/a | n/a |
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | n/a | n/a | n/a |
| JC Finance & Tax Interconnect 002530.SZ | China | $797M | -24% | +12% | 10% | n/a | n/a | n/a |
| BHI 083650.KS | South Korea | $798M | -64% | +90% | 12% | 11.9× | -9.1% | +26.0% |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 284.8× | -4.2% | -6.0% |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 28.9× | 34.3% | +221.8% |