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Automotive-electric-drive subsidiary of Inovance Technology, making motors, controllers and drive systems for electric vehicles.
Automotive-electric-drive subsidiary of Inovance Technology, making motors, controllers and drive systems for electric vehicles.
In one line: A smaller Chinese BorgWarner e-Propulsion.
Moat: narrow (process know-how, customer qualification). Leverages parent Inovance's industrial-automation motor-control expertise for EV drive systems.
Headquarters: Suzhou, China · Founded: 2016 · Employees: 14,843
Size Suzhou Inovance Automotive (301656.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $4.95B, the 511th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.52 on 6 Nov 2026.
Performance Over six months the shares fell 30.9%, against -13.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 27.9% over the last twelve months (peer median +6.9%); the operating margin is 0.9% (peer median 7.3%).
Valuation It trades at 676.0× forward earnings against a peer median of 15.0× (most expensive of 21).
Capital Return on invested capital runs 1.1 points below its cost of capital (5.0% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥21.9B | CN¥20.7B | CN¥16.2B | CN¥9.37B | CN¥5.03B |
| Revenue growth | — | +28% | +73% | +86% | — |
| Gross profit | CN¥3.26B | CN¥3.21B | CN¥2.58B | CN¥1.37B | CN¥632M |
| EBITDA | n/a | CN¥1.61B | CN¥1.35B | CN¥300M | -CN¥155M |
| Net income | CN¥294M | CN¥1.13B | CN¥936M | CN¥186M | -CN¥179M |
| Free cash flow | -CN¥1.19B | CN¥987M | CN¥1.30B | -CN¥721M | -CN¥638M |
| Capital expenditure | CN¥2.37B | CN¥1.94B | CN¥1.35B | CN¥624M | CN¥501M |
| Total debt | CN¥5.93B | CN¥6.82B | CN¥5.21B | CN¥3.89B | CN¥2.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Suzhou Inovance Automotive 301656.SZ | $4.95B | -31% | +28% | 1% | 676.0× | n/a |
| BorgWarner BWA | $9.80B | -20% | 0% | 11% | 8.7× | -3.2% |
| Zhuzhou CRRC Times Electric 688187.SS | $7.80B | -3% | +12% | 14% | 14.6× | n/a |
| Jing-Jin Electric Technologies 688280.SS | $380M | -41% | +38% | -2% | n/a | 33.7% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Valeo FR.PA | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% |
| Schaeffler SHA0.DE | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% |
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 | 301656.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | -0.6% | 11th highest of 21 |
| 6-month return | -30.9% | -13.0% | 6th lowest of 21 |
| Distance from 52-week high | -55.7% | -29.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | +27.9% | +6.9% | 3rd highest of 21 |
| Operating margin | 0.9% | 7.3% | 2nd lowest of 21 |
| Forward P/E | 676.0× | 15.0× | most expensive of 21 |
| ROIC minus cost of capital | -1.1 pp | +0.9 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Inovance Automotive 301656.SZ | China | $4.95B | -31% | +28% | 1% | 676.0× | n/a | n/a |
| Jiangsu Xinquan Automotive Trim 603179.SS | China | $5.07B | +5% | +12% | 6% | 33.5× | n/a | n/a |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Ningbo Joyson Electronic 0699.HK | Hong Kong | $4.54B | -39% | -1% | 5% | 9.7× | -1.7% | +4.3% |
| Brembo BRE.MI | Italy | $5.62B | -11% | -3% | 7% | 13.7× | 17.3% | +10.9% |
| Koito Manufacturing 7276.T | Japan | $4.27B | -6% | +6% | 6% | 13.3× | -0.8% | +6.1% |
| Schaeffler SHA0.DE | Germany | $5.83B | -45% | -1% | 2% | 18.4× | 10.7% | +13.3% |
| Gentex GNTX | United States | $4.19B | -15% | +8% | 19% | 9.9× | -4.7% | +8.5% |
| Atmus Filtration Technologies ATMU | United States | $4.13B | -9% | +13% | 17% | 16.2× | 8.1% | +7.4% |
| Sona BLW Precision Forgings SONACOMS.NS | India | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% | +23.6% |
| Kuang-Chi Technologies 002625.SZ | China | $6.05B | -52% | -7% | 20% | 21.6× | n/a | n/a |
| Wanxiang Qianchao 000559.SZ | China | $6.24B | -22% | -4% | 8% | 36.7× | 21.2% | +4.2% |
| Zhejiang Sling Intelligent Drive 301550.SZ | China | $6.34B | +14% | +7% | 19% | 230.9× | n/a | n/a |
| Fulin Precision 300432.SZ | China | $3.84B | -47% | +95% | 5% | 20.2× | n/a | n/a |
| Inter Cars CAR.WA | Poland | $3.83B | +38% | +12% | 6% | 13.9× | 9.5% | +18.3% |
| Jtekt 6473.T | Japan | $3.82B | -1% | +4% | 5% | 11.4× | 1.2% | +9.1% |
| Toyoda Gosei 7282.T | Japan | $3.81B | +26% | +13% | 7% | 9.8× | 0.5% | +9.7% |
| ZCZL Industrial Technology 601717.SS | China | $3.80B | -19% | -1% | 8% | 6.3× | -9.8% | +9.4% |
| Anhui Jianghuai Automobile 600418.SS | China | $6.48B | -60% | +23% | -2% | 44.4× | n/a | n/a |
| Garrett Motion GTX | United States | $3.72B | -31% | +7% | 15% | 9.9× | -6.9% | +3.4% |
| Bethel Automotive Safety Systems 603596.SS | China | $3.70B | -11% | +21% | 10% | 16.0× | 7.0% | +31.7% |