Employees: 3,469
Size Sanyou (300932.SZ) is a China Industrials company (Electrical Products) with a market value of $544M, the 3658th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.09 on 6 Nov 2026.
Performance Over six months the shares fell 21.2%, against -26.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 14.4% over the last twelve months (peer median +11.5%); the operating margin is 6.2% (peer median 4.7%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 2.3× (8th cheapest of 20).
Capital Return on invested capital runs 0.5 points below its cost of capital (8.4% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.64B | CN¥2.30B | CN¥2.16B | CN¥1.83B | CN¥1.84B |
| Revenue growth | — | +6% | +18% | -1% | — |
| Gross profit | CN¥596M | CN¥349M | CN¥344M | CN¥311M | CN¥277M |
| EBITDA | n/a | CN¥234M | CN¥198M | CN¥164M | CN¥126M |
| Net income | CN¥134M | CN¥72.6M | CN¥63.3M | CN¥46.4M | CN¥75.9M |
| Free cash flow | -CN¥12.7M | CN¥27.4M | -CN¥63.1M | -CN¥151M | -CN¥284M |
| Capital expenditure | CN¥179M | CN¥196M | CN¥268M | CN¥350M | CN¥455M |
| Total debt | CN¥1.15B | CN¥857M | CN¥914M | CN¥643M | CN¥559M |
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| Measure | 300932.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.2% | -13.2% | 6th lowest of 21 |
| 6-month return | -21.2% | -26.2% | 9th highest of 21 |
| Distance from 52-week high | -38.8% | -49.3% | 6th highest of 21 |
| Revenue growth (TTM) | +14.4% | +11.5% | 11th highest of 21 |
| Operating margin | 6.2% | 4.7% | 7th highest of 20 |
| EV / Sales | 1.7× | 2.3× | 8th cheapest of 20 |
| ROIC minus cost of capital | -0.5 pp | -4.2 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sanyou 300932.SZ | China | $544M | -21% | +14% | 6% | 1.7× | n/a | n/a |
| Zhejiang Mustang Battery 605378.SS | China | $544M | -32% | -11% | 2% | 2.6× | n/a | n/a |
| Ballard Power Systems BLDP.TO | Canada | $541M | -66% | +45% | -47% | 0.5× | n/a | n/a |
| Cinderson Tech (Suzhou) 603344.SS | China | $555M | -30% | +7% | 6% | 1.0× | 7.0% | +9.3% |
| Ceepower 300062.SZ | China | $532M | -27% | +19% | -7% | 3.3× | 6.6% | +4.1% |
| Weihai Honglin Electronic 301439.SZ | China | $559M | -24% | +18% | 5% | 1.1× | n/a | n/a |
| Shenyu Communication Technology 300563.SZ | China | $529M | -40% | +2% | 7% | 3.8× | 16.2% | +6.4% |
| Shanghai Smart Control 001266.SZ | China | $528M | -16% | +25% | 5% | 3.5× | 24.4% | +6.1% |
| L.G. Balakrishnan & Bros LGBBROSLTD.NS | India | $562M | -4% | +21% | 11% | 1.6× | n/a | n/a |
| SEBANG GLOBAL BATTERY 004490.KS | South Korea | $525M | -18% | -2% | 6% | 0.2× | n/a | n/a |
| Qingdao Topscomm Communication 603421.SS | China | $523M | -35% | -39% | -50% | 3.0× | 5.8% | -6.5% |
| Veken Technology 600152.SS | China | $523M | -56% | +15% | -7% | 2.2× | n/a | n/a |
| Shijiazhuang Tonhe Electronics Technologies 300491.SZ | China | $566M | -18% | +33% | 1% | 2.1× | n/a | n/a |
| Zaptec ZAP.OL | Norway | $519M | +31% | +34% | 10% | 2.3× | -2.8% | +47.5% |
| Centiel CNTL.SW | Switzerland | $570M | +45% | -100% | n/a | n/a | n/a | n/a |
| Guoxia Technology 2655.HK | Hong Kong | $513M | -66% | +78% | 9% | 1.3× | n/a | n/a |
| Harbin Jiuzhou 300040.SZ | China | $513M | -26% | -3% | 9% | 5.3× | 17.6% | +2.6% |
| Shaanxi Baoguang Vacuum Electronic Apparatus 600379.SS | China | $580M | -30% | +7% | 5% | 3.1× | 37.9% | +7.0% |
| Nanjing Quanxin Cable Technology 300447.SZ | China | $581M | -35% | +8% | 4% | 4.4× | 29.2% | +3.3% |
| Nanjing CIGU Technology 688448.SS | China | $581M | -15% | -18% | -7% | 9.2× | n/a | n/a |
| Ram Ratna Wires RAMRAT.NS | India | $508M | +13% | +72% | 4% | 0.8× | n/a | n/a |