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Sichuan-based electric equipment maker; specific product line not established from available knowledge.
Sichuan-based electric equipment maker; specific product line not established from available knowledge.
Moat: none
Headquarters: Sichuan, China · Employees: 1,472
Size Sichuan Injet Electric (300820.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $1.71B, the 1459th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥51.39 on 6 Nov 2026.
Performance Over six months the shares gained 4.3%, against -23.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue fell 12.3% over the last twelve months (peer median +14.4%); the operating margin is 13.4% (peer median 8.5%).
Valuation It trades at 35.8× forward earnings against a peer median of 26.0× (5th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is +1 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 1.8 points above its cost of capital (10.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.40B | CN¥1.49B | CN¥1.77B | CN¥1.76B | CN¥1.28B |
| Revenue growth | — | -16% | +1% | +38% | — |
| Gross profit | CN¥543M | CN¥492M | CN¥660M | CN¥634M | CN¥485M |
| EBITDA | n/a | CN¥256M | CN¥403M | CN¥511M | CN¥390M |
| Net income | CN¥179M | CN¥223M | CN¥323M | CN¥431M | CN¥339M |
| Free cash flow | CN¥403M | CN¥376M | CN¥515M | CN¥23.6M | -CN¥38.3M |
| Capital expenditure | CN¥80.5M | CN¥43.9M | CN¥97.6M | CN¥123M | CN¥98.3M |
| Total debt | CN¥61.6M | CN¥55.3M | CN¥79.1M | CN¥127M | CN¥113M |
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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 | 300820.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.6% | -13.4% | 9th lowest of 21 |
| 6-month return | +4.3% | -23.4% | 3rd highest of 20 |
| Distance from 52-week high | -44.9% | -51.1% | 9th highest of 21 |
| Revenue growth (TTM) | -12.3% | +14.4% | 2nd lowest of 21 |
| Operating margin | 13.4% | 8.5% | 6th highest of 21 |
| Forward P/E | 35.8× | 26.0× | 5th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 29.9% | 13.1% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +29.0% | +8.9% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | +0.9 pp | +3.4 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +1.8 pp | -2.6 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Injet Electric 300820.SZ | China | $1.71B | +4% | -12% | 13% | 35.8× | 29.9% | +29.0% |
| Shenzhen Bluetrum Technology 688332.SS | China | $1.71B | -17% | +6% | 7% | 37.6× | n/a | n/a |
| Beijing Relpow Technology 300593.SZ | China | $1.68B | -27% | +16% | -14% | 286.9× | n/a | n/a |
| Aehr Test Systems AEHR | United States | $1.75B | -45% | -15% | -28% | n/a | n/a | n/a |
| CTS CTS | United States | $1.65B | -6% | +7% | 16% | 20.3× | 8.5% | +5.0% |
| Visual Photonics Epitaxy 2455.TW | Taiwan | $1.80B | -17% | +34% | 26% | 34.1× | 38.7% | +5.0% |
| Photronics PLAB | United States | $1.61B | -49% | +1% | 22% | 13.3× | 1.9% | +6.9% |
| DBG Technology 300735.SZ | China | $1.81B | -28% | +17% | 2% | 26.0× | 3.5% | +31.6% |
| Shenzhen Microgate Technology 300319.SZ | China | $1.86B | +12% | +11% | 8% | 30.5× | 22.5% | +10.3% |
| Shenzhen Sinexcel Electric 300693.SZ | China | $1.57B | -28% | +27% | 15% | 17.2× | 13.1% | +35.0% |
| Kitron KIT.OL | Norway | $2.02B | -20% | +54% | 10% | 22.0× | -0.6% | +16.9% |
| Plug Power PLUG | United States | $2.03B | -54% | +11% | -68% | n/a | n/a | n/a |
| Suzhou Betely Polymer Materials 301697.SZ | China | $1.44B | n/a | +45% | 5% | n/a | n/a | n/a |
| Shenzhen SED Industry 000032.SZ | China | $2.03B | -36% | +5% | 1% | 42.9× | 7.0% | +8.9% |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 18.8× | 3.9% | +0.2% |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 42.5× | 44.4% | +8.4% |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | n/a | n/a | n/a |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | n/a | 24.4% | +18.8% |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 15.3× | 17.5% | +27.2% |