Employees: 654
Size Zhejiang Xinxing Tools (301677.SZ) is a China Industrials company (Industrial Machinery) with a market value of $658M, the 3217th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥43.88 on 6 Nov 2026.
Growth Revenue grew 9.6% over the last twelve months (peer median +9.3%); the operating margin is 40.4% (peer median 9.6%).
Valuation It trades at 6.1× enterprise value to sales against a peer median of 2.5× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.4 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | CN¥507M | CN¥463M | CN¥421M |
| Revenue growth | — | +10% | +10% | — |
| Gross profit | n/a | CN¥263M | CN¥244M | CN¥224M |
| EBITDA | n/a | CN¥255M | CN¥230M | CN¥215M |
| Net income | n/a | CN¥198M | CN¥185M | CN¥177M |
| Free cash flow | n/a | CN¥89.9M | CN¥75.6M | CN¥218M |
| Capital expenditure | n/a | CN¥145M | CN¥121M | CN¥40.1M |
| Total debt | CN¥86.8M | CN¥78.4M | CN¥90.0M | CN¥23.8M |
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| Measure | 301677.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.1% | -10.5% | 8th lowest of 21 |
| Distance from 52-week high | -60.1% | -45.5% | 2nd lowest of 21 |
| Revenue growth (TTM) | +9.6% | +9.3% | 11th highest of 21 |
| Operating margin | 40.4% | 9.6% | highest of 21 |
| EV / Sales | 6.1× | 2.5× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.0% | 10.5% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +9.6% | +9.1% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -10.6 pp | +4.5 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +11.4 pp | -3.2 pp | highest of 21 |
| EV / EBITDA | 12.1× | 20.3× | 3rd cheapest of 7 |
| Net debt / EBITDA | -5.1× | -0.0× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Xinxing Tools 301677.SZ | China | $658M | n/a | +10% | 40% | 6.1× | -1.0% | +9.6% |
| J.S. Corrugating Machinery 000821.SZ | China | $659M | -33% | -32% | 1% | 1.1× | n/a | n/a |
| Shuifa Gas 603318.SS | China | $656M | -45% | -4% | 11% | 2.4× | n/a | n/a |
| Shandong Weida Machinery 002026.SZ | China | $660M | -19% | +2% | 9% | 1.4× | 7.5% | -2.4% |
| Shenyang Blue Silver Industry Automatic Equipment 300293.SZ | China | $662M | -30% | -9% | -13% | 4.0× | n/a | n/a |
| Techman Robot 4585.TW | Taiwan | $652M | -40% | +33% | 6% | 10.9× | 50.5% | +9.4% |
| Glotech Industrial 5475.TWO | Taiwan | $652M | -56% | +101% | 12% | 16.9× | n/a | n/a |
| Changhong Huayi Compressor 000404.SZ | China | $665M | -23% | -6% | 5% | 0.5× | -12.1% | +2.4% |
| Krn Heat Exchanger and Refrigeration KRN.NS | India | $651M | -29% | +77% | 15% | 6.8× | n/a | n/a |
| Shin Zu Shing 3376.TW | Taiwan | $648M | -47% | -22% | -2% | 1.9× | n/a | n/a |
| Guangdong Kingstrong Technology 300629.SZ | China | $669M | -29% | +33% | 33% | 9.4× | 19.8% | +4.2% |
| Suntar Environmental Technology 688101.SS | China | $670M | -39% | +20% | 24% | 1.8× | 0.0% | +11.8% |
| RS Technologies 3445.T | Japan | $671M | -34% | +18% | 19% | 1.3× | 2.8% | +24.6% |
| Furukawa 5715.T | Japan | $646M | -24% | +10% | 6% | 0.8× | n/a | n/a |
| Aeroflex Industries AEROFLEX.NS | India | $676M | +17% | +55% | 20% | 10.7× | n/a | n/a |
| Ningbo BaoSi Energy Equipment 300441.SZ | China | $640M | -5% | 0% | 12% | 2.6× | n/a | n/a |
| 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% |
| Asahi Yukizai 4216.T | Japan | $638M | -8% | +1% | 11% | 1.0× | -1.8% | +8.4% |
| JDM Jingda Machine (Ningbo) 603088.SS | China | $682M | -24% | +13% | 13% | 4.5× | 20.3% | +15.9% |
| Chongqing Machinery & Electric 2722.HK | Hong Kong | $634M | -61% | +20% | 1% | 0.5× | 13.5% | +8.8% |