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Employees: 2,783
Size WINBO-Dongjian Automotive Technology (300978.SZ) is a China Consumer Discretionary company (Motor Vehicles) with a market value of $522M, the 3760th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.23 on 6 Nov 2026.
Performance Over six months the shares fell 24.4%, against -18.3% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 8.2% over the last twelve months (peer median -4.4%); the operating margin is 10.8% (peer median 1.8%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 1.0× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points above its cost of capital (7.0% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.94B | CN¥2.02B | CN¥2.18B | CN¥2.03B | CN¥1.76B |
| Revenue growth | — | -7% | +7% | +16% | — |
| Gross profit | CN¥510M | CN¥524M | CN¥584M | CN¥567M | CN¥421M |
| EBITDA | CN¥327M | CN¥344M | CN¥306M | CN¥274M | CN¥162M |
| Net income | CN¥125M | CN¥142M | CN¥150M | CN¥141M | CN¥85.5M |
| Free cash flow | CN¥372M | CN¥251M | CN¥205M | CN¥140M | -CN¥24.1M |
| Capital expenditure | CN¥75.7M | CN¥75.6M | CN¥114M | CN¥158M | CN¥289M |
| Total debt | CN¥466M | CN¥556M | CN¥539M | CN¥542M | CN¥672M |
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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 | 300978.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -8.1% | 10th highest of 21 |
| 6-month return | -24.4% | -18.3% | 9th lowest of 21 |
| Distance from 52-week high | -45.6% | -43.2% | 9th lowest of 21 |
| Revenue growth (TTM) | -8.2% | -4.4% | 9th lowest of 20 |
| Operating margin | 10.8% | 1.8% | 3rd highest of 20 |
| EV / Sales | 1.7× | 1.0× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.2% | 3.7% | 5th least demanding of 11 |
| Growth delivered (Del g) | +6.7% | +6.0% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -4.6 pp | -4.1 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +3.6 pp | -3.4 pp | 4th highest of 19 |
| EV / EBITDA | 10.1× | 5.2× | 2nd most expensive of 10 |
| Net debt / EBITDA | -0.7× | 0.6× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WINBO-Dongjian Automotive Technology 300978.SZ | China | $522M | -24% | -8% | 11% | 1.7× | 2.2% | +6.7% |
| Miller Industries MLR | United States | $526M | -4% | -21% | 3% | 0.6× | 4.0% | +3.9% |
| Jiangsu Yueda Investment 600805.SS | China | $559M | -17% | -4% | 0% | 2.9× | n/a | n/a |
| Hirata 6258.T | Japan | $564M | -14% | +9% | 11% | 0.9× | 4.1% | +7.8% |
| Amotiv AOV.AX | Australia | $476M | -19% | +3% | 16% | 1.1× | -4.7% | +13.0% |
| Merida Industry 9914.TW | Taiwan | $573M | +9% | -16% | 6% | 0.8× | -4.9% | -0.3% |
| Aston Martin Lagonda Global AML.L | United Kingdom | $474M | -26% | 0% | -12% | 1.3× | n/a | n/a |
| Shenzhen China Bicycle Company (Holdings) 000017.SZ | China | $469M | -1% | -39% | 6% | 5.8× | 31.4% | +44.2% |
| Anhui Ankai Automobile 000868.SZ | China | $468M | -26% | -1% | -4% | 1.1× | n/a | n/a |
| Jilin Liyuan Precision Manufacturing 002501.SZ | China | $591M | -25% | -9% | -55% | 15.7× | n/a | n/a |
| Liaoning Shenhua 600653.SS | China | $450M | -16% | -42% | -3% | 1.6× | 35.7% | -11.9% |
| Shanghai Phoenix Enterprise (Group)Co 600679.SS | China | $617M | -6% | +1% | 3% | 1.9× | 10.0% | +9.4% |
| BAIC Motor 1958.HK | Hong Kong | $629M | -55% | -20% | 2% | 0.2× | n/a | n/a |
| Morita 6455.T | Japan | $660M | -6% | 0% | 12% | 0.7× | -13.0% | +6.6% |
| Voyah Automotive Technology 7489.HK | Hong Kong | $704M | -75% | n/a | n/a | n/a | n/a | n/a |
| Eson Precision Ind 5243.TW | Taiwan | $382M | -31% | -11% | 10% | 0.8× | -7.0% | +4.1% |
| Yulon Nissan Motor 2227.TW | Taiwan | $379M | -21% | -24% | -5% | 0.5× | n/a | n/a |
| Luyuan Group Holding (Cayman) 2451.HK | Hong Kong | $722M | +24% | -3% | 1% | 1.0× | n/a | n/a |
| Nissan Shatai 7222.T | Japan | $747M | -4% | +15% | 4% | 0.1× | n/a | n/a |
| Dometic DOM.ST | Sweden | $755M | -29% | -6% | -13% | 0.9× | 3.4% | +5.4% |
| Polestar Automotive Holding UK PLC Sponsored ADR PSNY | United States | $778M | -79% | +18% | -47% | 2.0× | n/a | n/a |