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Zhejiang-based maker of electrical technology products for industrial and power customers.
Zhejiang-based maker of electrical technology products for industrial and power customers.
Moat: none
Headquarters: Zhejiang, China · Employees: 1,447
Size Zhejiang Hongchang Electrical Technology (301008.SZ) is a China Industrials company (Industrial Machinery) with a market value of $677M, the 3146th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥34.49 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against -29.3% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 2.8% over the last twelve months (peer median +8.6%); the operating margin is -1.1% (peer median 7.4%).
Valuation It trades at 3.6× enterprise value to sales against a peer median of 3.3× (11th cheapest of 21).
Capital Return on invested capital runs 3.6 points below its cost of capital (6.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.18B | CN¥1.14B | CN¥1.02B | CN¥883M | CN¥823M |
| Revenue growth | — | +12% | +16% | +7% | — |
| Gross profit | CN¥194M | CN¥138M | CN¥156M | CN¥167M | CN¥140M |
| EBITDA | n/a | CN¥89.3M | CN¥93.4M | CN¥118M | CN¥84.0M |
| Net income | CN¥81.5M | CN¥32.8M | CN¥52.5M | CN¥85.9M | CN¥67.3M |
| Free cash flow | -CN¥96.4M | CN¥106M | -CN¥30.5M | -CN¥3.37M | -CN¥89.8M |
| Capital expenditure | CN¥41.2M | CN¥75.7M | CN¥119M | CN¥149M | CN¥109M |
| Total debt | CN¥399M | CN¥378M | CN¥598M | CN¥612M | CN¥239M |
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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 | 301008.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.5% | -7.5% | 2nd lowest of 21 |
| 6-month return | +8.8% | -29.3% | 2nd highest of 20 |
| Distance from 52-week high | -43.9% | -44.0% | 10th highest of 21 |
| Revenue growth (TTM) | +2.8% | +8.6% | 10th lowest of 21 |
| Operating margin | -1.1% | 7.4% | 5th lowest of 21 |
| EV / Sales | 3.6× | 3.3× | 11th cheapest of 21 |
| ROIC minus cost of capital | -3.6 pp | -2.3 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Hongchang Electrical Technology 301008.SZ | China | $677M | +9% | +3% | -1% | 3.6× | n/a | n/a |
| Houpu Clean Energy 300471.SZ | China | $678M | -20% | +8% | 1% | 3.9× | 41.1% | +17.7% |
| Aeroflex Industries AEROFLEX.NS | India | $676M | +17% | +55% | 20% | 10.7× | n/a | n/a |
| JDM Jingda Machine (Ningbo) 603088.SS | China | $682M | -24% | +13% | 13% | 4.5× | 20.3% | +15.9% |
| RS Technologies 3445.T | Japan | $671M | -34% | +18% | 19% | 1.3× | 2.8% | +24.6% |
| Suntar Environmental Technology 688101.SS | China | $670M | -39% | +20% | 24% | 1.8× | 0.0% | +11.8% |
| Nissei ASB Machine Co 6284.T | Japan | $686M | -9% | +9% | 26% | 1.6× | 0.4% | +9.9% |
| Guangdong Kingstrong Technology 300629.SZ | China | $669M | -29% | +33% | 33% | 9.4× | 19.8% | +4.2% |
| Xinlei Compressor 301317.SZ | China | $687M | -49% | +10% | -16% | 5.7× | n/a | n/a |
| Jiangyin Haida Rubber & Plastic 300320.SZ | China | $687M | -20% | +2% | 9% | 1.2× | 7.9% | +9.7% |
| Changhong Huayi Compressor 000404.SZ | China | $665M | -23% | -6% | 5% | 0.5× | -12.1% | +2.4% |
| Shenyang Blue Silver Industry Automatic Equipment 300293.SZ | China | $662M | -30% | -9% | -13% | 4.0× | n/a | n/a |
| Shandong Weida Machinery 002026.SZ | China | $660M | -19% | +2% | 9% | 1.4× | 7.5% | -2.4% |
| J.S. Corrugating Machinery 000821.SZ | China | $659M | -33% | -32% | 1% | 1.1× | n/a | n/a |
| Nanxing Machinery 002757.SZ | China | $697M | -32% | +17% | 5% | 1.3× | 4.8% | +9.9% |
| Zhejiang Xinxing Tools 301677.SZ | China | $658M | n/a | +10% | 40% | 6.1× | -1.0% | +9.6% |
| Shuifa Gas 603318.SS | China | $656M | -45% | -4% | 11% | 2.4× | n/a | n/a |
| Luoyang North Glass Technology 002613.SZ | China | $700M | -18% | -18% | -2% | 2.8× | 7.4% | +8.1% |
| ZheJiang RIFA Digital Precision Machinery 002520.SZ | China | $700M | +7% | -48% | -137% | 6.3× | 18.1% | -9.3% |
| Xiamen Jiarong Technology 301148.SZ | China | $703M | -29% | -2% | -1% | 7.8× | 46.2% | -3.2% |
| Techman Robot 4585.TW | Taiwan | $652M | -40% | +33% | 6% | 10.9× | 50.5% | +9.4% |