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Employees: 1,679
Size Hengong Precision Equipment (301261.SZ) is a China Materials company (Steel) with a market value of $1.04B, the 2227th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥65.73 on 6 Nov 2026.
Performance Over six months the shares fell 9.1%, against -22.2% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 33.9% over the last twelve months (peer median -0.2%); the operating margin is 4.8% (peer median 1.7%).
Valuation It trades at 41.5× forward earnings against a peer median of 26.1× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +10 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 1.0 points below its cost of capital (7.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.44B | CN¥1.10B | CN¥1.03B | CN¥881M | CN¥861M |
| Revenue growth | — | +7% | +17% | +2% | — |
| Gross profit | CN¥402M | CN¥243M | CN¥245M | CN¥220M | CN¥189M |
| EBITDA | n/a | CN¥126M | CN¥157M | CN¥179M | CN¥158M |
| Net income | CN¥145M | CN¥89.1M | CN¥69.7M | CN¥127M | CN¥102M |
| Free cash flow | CN¥47.8M | -CN¥143M | -CN¥320M | -CN¥110M | -CN¥25.4M |
| Capital expenditure | CN¥106M | CN¥221M | CN¥326M | CN¥142M | CN¥59.5M |
| Total debt | CN¥544M | CN¥560M | CN¥1.07B | CN¥750M | CN¥266M |
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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 | 301261.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +29.3% | -6.3% | highest of 21 |
| 6-month return | -9.1% | -22.2% | 5th highest of 20 |
| Distance from 52-week high | -30.7% | -39.4% | 6th highest of 21 |
| Revenue growth (TTM) | +33.9% | -0.2% | 3rd highest of 19 |
| Operating margin | 4.8% | 1.7% | 9th highest of 19 |
| Forward P/E | 41.5× | 26.1× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 26.1% | 8.8% | most demanding of 9 |
| Growth delivered (Del g) | +15.8% | +4.9% | 3rd highest of 9 |
| Hurdle (Req g minus delivered) | +10.4 pp | -1.2 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -1.0 pp | -3.6 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 41.5× | 26.1% | +15.8% |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 2% | n/a | n/a | n/a |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 1% | n/a | n/a | n/a |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 1% | 35.8× | n/a | n/a |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 0% | 14.5× | 9.2% | +1.2% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| Tokyo Steel Manufacturing 5423.T | Japan | $1.17B | -1% | -1% | -1% | 53.7× | n/a | n/a |
| Zhongnanhong Culture 002445.SZ | China | $1.17B | -7% | -1% | 1% | n/a | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| Guizhou Aviation Technical Development 688239.SS | China | $1.19B | -39% | +23% | 12% | 26.1× | 17.7% | +25.0% |
| Xinyu Iron & Steel 600782.SS | China | $1.20B | -17% | -13% | -4% | n/a | n/a | n/a |