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Ningbo maker of automotive wires and cables, including data cables and new-energy vehicle cables, supplied to wiring-harness makers and automakers.
Ningbo maker of automotive wires and cables, including data cables and new-energy vehicle cables, supplied to wiring-harness makers and automakers.
Makes the wires and cables that carry power and data inside cars, sold mainly to wiring-harness makers, which bundle them for automakers, rather than directly to carmakers. Growth lines are cables for electric vehicles and data cables; it has also begun making high-speed copper cables for data links and cables for humanoid robots.
Moat: narrow (customer qualification, process know-how). Long qualification cycles with harness makers and automakers; a second-tier supplier with little pricing power.
Headquarters: Ningbo, China · Founded: 2004 · Employees: 1,301
Size Ningbo KBE Electrical Technology (300863.SZ) is a China Industrials company (Electrical Products) with a market value of $1.27B, the 1876th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥32.51 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against -31.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 21.5% over the last twelve months (peer median +21.0%); the operating margin is 3.7% (peer median 3.0%).
Valuation It trades at 23.0× forward earnings against a peer median of 24.8× (7th cheapest of 13).
Capital Return on invested capital runs 5.1 points below its cost of capital (9.2% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.78B | CN¥4.04B | CN¥3.65B | CN¥3.45B | CN¥2.95B |
| Revenue growth | — | +11% | +6% | +17% | — |
| Gross profit | CN¥505M | CN¥394M | CN¥429M | CN¥403M | CN¥340M |
| EBITDA | n/a | CN¥292M | CN¥304M | CN¥284M | CN¥248M |
| Net income | CN¥130M | CN¥119M | CN¥162M | CN¥166M | CN¥140M |
| Free cash flow | -CN¥937M | -CN¥721M | -CN¥477M | -CN¥193M | -CN¥178M |
| Capital expenditure | CN¥525M | CN¥667M | CN¥392M | CN¥244M | CN¥160M |
| Total debt | CN¥3.81B | CN¥2.81B | CN¥2.09B | CN¥1.35B | CN¥1.48B |
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 |
|---|---|---|---|---|---|---|
| Ningbo KBE Electrical Technology 300863.SZ | $1.27B | -20% | +21% | 4% | 23.0× | n/a |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% |
| Furukawa Electric 5801.T | $8.75B | -54% | +13% | 6% | 11.9× | n/a |
| Zhejiang Wanma 002276.SZ | $1.42B | -25% | +13% | 1% | 10.8× | 5.1% |
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 | 300863.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.7% | -19.9% | 9th highest of 21 |
| 6-month return | -20.4% | -31.1% | 6th highest of 20 |
| Distance from 52-week high | -57.6% | -50.8% | 8th lowest of 21 |
| Revenue growth (TTM) | +21.5% | +21.0% | 10th highest of 20 |
| Operating margin | 3.7% | 3.0% | 9th highest of 20 |
| Forward P/E | 23.0× | 24.8× | 7th cheapest of 13 |
| ROIC minus cost of capital | -5.1 pp | -3.6 pp | 8th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 23.0× | n/a | n/a |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | n/a | n/a | n/a |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 13.4× | 13.2% | +22.3% |
| Hoymiles Power Electronics 688032.SS | China | $1.29B | -38% | +47% | -16% | n/a | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 40.7× | 55.1% | +16.7% |
| Camel 601311.SS | China | $1.29B | -26% | -4% | 2% | 12.8× | -0.5% | +11.2% |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 10.1× | n/a | n/a |
| Suzhou Anjie Technology 002635.SZ | China | $1.30B | -19% | +21% | 3% | 22.0× | 16.2% | +10.4% |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 92.0× | n/a | n/a |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | n/a | 21.6% | +14.2% |
| Wuxi Xinhongye Wire & Cable 301310.SZ | China | $1.32B | -4% | +47% | 3% | 39.4× | n/a | n/a |
| Accelevation ACCV | United States | $1.33B | n/a | n/a | n/a | n/a | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | n/a | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | n/a | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | n/a | n/a | n/a |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 19.5× | n/a | n/a |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 27.6× | 19.3% | +17.0% |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% | +8.6% |