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Employees: 442
Size Tianjin Jieqiang Power Equipment (300875.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $451M, the 4100th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.15 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -28.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 143.0% over the last twelve months (peer median +6.9%); the operating margin is -27.7% (peer median 3.4%).
Valuation It trades at 8.0× enterprise value to sales against a peer median of 1.9× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +24 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 14.0 points below its cost of capital (6.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥367M | CN¥317M | CN¥138M | CN¥292M | CN¥239M |
| Revenue growth | — | +130% | -53% | +22% | — |
| Gross profit | CN¥77.8M | CN¥64.5M | -CN¥30.1M | CN¥79.5M | CN¥92.7M |
| EBITDA | n/a | -CN¥56.3M | -CN¥166M | -CN¥50.4M | CN¥1.23M |
| Net income | -CN¥115M | -CN¥112M | -CN¥278M | -CN¥67.9M | -CN¥17.4M |
| Free cash flow | CN¥37.3M | -CN¥59.0M | -CN¥50.4M | -CN¥35.5M | -CN¥233M |
| Capital expenditure | CN¥13.8M | CN¥12.8M | CN¥21.1M | CN¥40.0M | CN¥116M |
| Total debt | CN¥22.8M | CN¥153M | CN¥24.6M | CN¥17.7M | CN¥30.2M |
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| Measure | 300875.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -15.4% | 6th highest of 21 |
| 6-month return | -23.3% | -28.2% | 8th highest of 21 |
| Distance from 52-week high | -48.0% | -47.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +143.0% | +6.9% | highest of 21 |
| Operating margin | -27.7% | 3.4% | lowest of 21 |
| EV / Sales | 8.0× | 1.9× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 27.9% | 7.0% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +3.5% | +5.7% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | +24.4 pp | +1.9 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | -14.0 pp | -3.2 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tianjin Jieqiang Power Equipment 300875.SZ | China | $451M | -23% | +143% | -28% | 8.0× | 27.9% | +3.5% |
| Note NOTE.ST | Sweden | $445M | -12% | +9% | 9% | 1.4× | 0.0% | +15.3% |
| Kimball Electronics KE | United States | $462M | -26% | -4% | 4% | 0.3× | 4.0% | +2.1% |
| Launch Tech 2488.HK | Hong Kong | $466M | -29% | +22% | 16% | 1.4× | -12.1% | +13.8% |
| Ways Electron 605218.SS | China | $431M | -30% | +20% | -2% | 1.1× | n/a | n/a |
| Shenzhen Zowee Tech 002369.SZ | China | $431M | -30% | -8% | -15% | 2.2× | n/a | n/a |
| Shanghai Hollywave Electronic System 688682.SS | China | $426M | -42% | +29% | -12% | 8.1× | 17.3% | +5.7% |
| Guangdong Tecsun Science & Technology 002908.SZ | China | $425M | -22% | -14% | -11% | 5.0× | 28.9% | -0.1% |
| Inventronics (Hangzhou) 300582.SZ | China | $424M | -35% | -4% | -20% | 1.6× | n/a | n/a |
| Yes Optoelectronics (Group) 002952.SZ | China | $423M | -38% | +14% | 3% | 2.7× | 21.7% | +14.8% |
| Solomon Technology 2359.TW | Taiwan | $483M | -25% | +3% | 0% | 2.8× | 58.1% | +3.8% |
| Group Up Industrial 6664.TWO | Taiwan | $483M | -44% | +11% | 34% | 5.2× | 3.9% | +9.8% |
| KMW 032500.KS | South Korea | $488M | -47% | -9% | -26% | 7.4× | n/a | n/a |
| Koa 6999.T | Japan | $415M | -6% | +22% | 7% | 1.0× | 12.7% | +7.5% |
| ICHIA Technologies 2402.TW | Taiwan | $405M | -38% | +13% | 6% | 1.3× | n/a | n/a |
| SFA Engineering 056190.KS | South Korea | $505M | -23% | -12% | 5% | 0.7× | -5.4% | +1.0% |
| AMPOC Far-East 2493.TW | Taiwan | $510M | -2% | +6% | 17% | 3.8× | 7.0% | +7.7% |
| Chipsea Technologies Shenzhen 688595.SS | China | $521M | -30% | +12% | -16% | 4.4× | n/a | n/a |
| uPI Semiconductor 6719.TW | Taiwan | $522M | -14% | +8% | 16% | 1.2× | -6.0% | +1.8% |
| Suzhou Future Electrical 301386.SZ | China | $388M | -27% | +2% | 12% | 2.8× | 15.9% | +3.4% |
| Shenzhen Txd Technology 002845.SZ | China | $535M | -18% | -3% | 1% | 0.7× | n/a | n/a |