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Suzhou-based maker of thermal/heating components for industrial or appliance applications; specifics not confidently known.
Suzhou-based maker of thermal/heating components for industrial or appliance applications; specifics not confidently known.
Moat: none
Headquarters: Suzhou, Jiangsu, China · Employees: 2,346
Size Suzhou Tianmai Thermal Technology (301626.SZ) is a China Industrials company (Industrial Specialties) with a market value of $5.67B, the 442nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥211.36 on 6 Nov 2026.
Performance Over six months the shares fell 24.3%, against -25.5% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 121.7% over the last twelve months (peer median +17.8%); the operating margin is 8.4% (peer median 8.7%).
Valuation It trades at 16.1× enterprise value to sales against a peer median of 2.7× (most expensive of 21).
Capital Return on invested capital runs 5.9 points below its cost of capital (14.3% WACC).
Next results Next results expected around 6 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.37B | CN¥1.11B | CN¥939M | CN¥928M | CN¥841M |
| Revenue growth | — | +18% | +1% | +10% | — |
| Gross profit | CN¥673M | CN¥390M | CN¥366M | CN¥296M | CN¥239M |
| EBITDA | n/a | CN¥224M | CN¥247M | CN¥206M | CN¥157M |
| Net income | CN¥170M | CN¥155M | CN¥185M | CN¥154M | CN¥117M |
| Free cash flow | -CN¥1.02B | -CN¥129M | CN¥5.30M | CN¥52.5M | CN¥7.32M |
| Capital expenditure | CN¥1.05B | CN¥318M | CN¥170M | CN¥162M | CN¥86.2M |
| Total debt | CN¥1.26B | CN¥10.0M | CN¥10.3M | CN¥76.4M | CN¥11.1M |
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Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 301626.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.3% | -7.4% | 8th lowest of 21 |
| 6-month return | -24.3% | -25.5% | 11th highest of 21 |
| Distance from 52-week high | -45.4% | -52.5% | 9th highest of 21 |
| Revenue growth (TTM) | +121.7% | +17.8% | 3rd highest of 21 |
| Operating margin | 8.4% | 8.7% | 10th lowest of 21 |
| EV / Sales | 16.1× | 2.7× | most expensive of 21 |
| ROIC minus cost of capital | -5.9 pp | +0.1 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Tianmai Thermal Technology 301626.SZ | China | $5.67B | -24% | +122% | 8% | 16.1× | n/a | n/a |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 7.3× | 40.1% | +12.6% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 8.4× | 34.9% | +28.6% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 4.1× | 11.0% | +20.0% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 11.1× | 46.9% | +25.3% |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 11.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 2.7× | 25.2% | +4.2% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 0.9× | n/a | n/a |
| Hangzhou GreatStar Industrial 002444.SZ | China | $5.33B | -13% | +6% | 15% | 2.1× | 5.8% | +11.5% |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 5.2× | 26.4% | +30.6% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 14.4× | 18.0% | +30.9% |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 2.1× | 7.5% | +13.1% |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 2.3× | n/a | n/a |
| Shannon Semiconductor Technology 300475.SZ | China | $6.34B | -48% | +237% | 8% | 0.5× | -4.2% | +166.7% |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 4.3× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 1.9× | n/a | n/a |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 2.3× | 12.0% | +16.2% |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 0.8× | n/a | n/a |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 2.7× | 3.6% | +16.5% |
| Spring Airlines 601021.SS | China | $6.51B | -6% | +16% | 6% | 2.5× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 3.8× | n/a | n/a |