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Anhui maker of permanent ferrite magnet tiles used mostly in automotive motors, with plants in China and Vietnam.
Anhui maker of permanent ferrite magnet tiles used mostly in automotive motors, with plants in China and Vietnam.
Sells wet-pressed ferrite magnet tiles, the curved magnets inside small motors, with most volume going to automotive motors for starters, wipers, windows and seats. Output comes from Anhui and a Vietnam base, where a second phase adds its own pre-sintered powder, the magnet raw material. It is extending into soft ferrite cores and inductors.
Moat: narrow (process know-how, customer qualification). Automotive-grade motor magnets need long customer qualification and tight tolerances; ferrite is otherwise a competitive commodity.
Headquarters: Lujiang, China · Employees: 2,237
Size Sinomag Technology (300835.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $2.54B, the 1019th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥109.03 on 6 Nov 2026.
Performance Over six months the shares gained 9.9%, against -26.8% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +14.0%); the operating margin is 6.3% (peer median 6.1%).
Valuation It trades at 75.2× forward earnings against a peer median of 27.9× (4th most expensive of 19).
Capital Return on invested capital runs 6.4 points below its cost of capital (12.4% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.48B | CN¥1.29B | CN¥1.16B | CN¥1.06B | CN¥921M |
| Revenue growth | — | +11% | +9% | +15% | — |
| Gross profit | CN¥444M | CN¥356M | CN¥312M | CN¥284M | CN¥240M |
| EBITDA | n/a | CN¥250M | CN¥217M | CN¥178M | CN¥147M |
| Net income | CN¥143M | CN¥168M | CN¥111M | CN¥73.9M | CN¥105M |
| Free cash flow | -CN¥156M | -CN¥122M | CN¥44.6M | -CN¥96.3M | -CN¥215M |
| Capital expenditure | CN¥196M | CN¥233M | CN¥154M | CN¥134M | CN¥231M |
| Total debt | CN¥724M | CN¥967M | CN¥837M | CN¥739M | CN¥463M |
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 |
|---|---|---|---|---|---|---|
| Sinomag Technology 300835.SZ | $2.54B | +10% | +18% | 6% | 75.2× | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | $4.16B | -9% | +3% | 7% | 14.5× | n/a |
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
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 | 300835.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -38.8% | -16.6% | 4th lowest of 21 |
| 6-month return | +9.9% | -26.8% | 2nd highest of 21 |
| Distance from 52-week high | -58.4% | -50.2% | 7th lowest of 21 |
| Revenue growth (TTM) | +17.9% | +14.0% | 10th highest of 21 |
| Operating margin | 6.3% | 6.1% | 11th highest of 21 |
| Forward P/E | 75.2× | 27.9× | 4th most expensive of 19 |
| ROIC minus cost of capital | -6.4 pp | -2.8 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| Shenzhen SED Industry 000032.SZ | China | $2.03B | -36% | +5% | 1% | 42.9× | 7.0% | +8.9% |