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Chinese maker of aerospace propulsion and hi-tech components, affiliated with the state-owned China Aerospace Science and Technology Corp (CASC).
Chinese maker of aerospace propulsion and hi-tech components, affiliated with the state-owned China Aerospace Science and Technology Corp (CASC).
Sells mainly to units of its state parent and other space and defence programme customers through contracts set by national plans, so orders follow government budgets more than market demand.
Moat: narrow (regulatory licence, customer qualification). State-affiliated aerospace supplier status is difficult for private firms to replicate.
Headquarters: Xi'an, China · Employees: 1,217
Size Shaanxi Aerospace Power Hi-Tech (600343.SS) is a China Industrials company (Industrial Machinery) with a market value of $1.65B, the 1497th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.26 on 6 Nov 2026.
Performance Over six months the shares fell 50.0%, against -16.2% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 15.4% over the last twelve months (peer median +10.4%); the operating margin is -23.8% (peer median 8.4%).
Valuation It trades at 16.2× enterprise value to sales against a peer median of 3.2× (2nd most expensive of 21).
Capital Return on invested capital runs 14.7 points below its cost of capital (10.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥708M | CN¥821M | CN¥914M | CN¥897M | CN¥1.27B |
| Revenue growth | — | -10% | +2% | -29% | — |
| Gross profit | CN¥106M | CN¥69.6M | CN¥9.67M | CN¥82.6M | CN¥156M |
| EBITDA | n/a | -CN¥72.1M | -CN¥116M | -CN¥115M | CN¥25.3M |
| Net income | -CN¥181M | -CN¥193M | -CN¥187M | -CN¥195M | -CN¥40.0M |
| Free cash flow | -CN¥71.0M | -CN¥64.9M | -CN¥89.2M | -CN¥224M | -CN¥48.0M |
| Capital expenditure | CN¥45.8M | CN¥17.9M | CN¥26.9M | CN¥107M | CN¥69.0M |
| Total debt | CN¥526M | CN¥523M | CN¥538M | CN¥566M | CN¥497M |
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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 | 600343.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.6% | -5.7% | 8th lowest of 21 |
| 6-month return | -50.0% | -16.2% | lowest of 21 |
| Distance from 52-week high | -66.1% | -41.6% | lowest of 21 |
| Revenue growth (TTM) | -15.4% | +10.4% | 2nd lowest of 21 |
| Operating margin | -23.8% | 8.4% | lowest of 21 |
| EV / Sales | 16.2× | 3.2× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -14.7 pp | -0.6 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | 16.2× | n/a | n/a |
| Beijing Worldia Diamond Tools 688028.SS | China | $1.66B | -37% | +22% | 16% | 12.5× | n/a | n/a |
| Harbin Boshi Automation 002698.SZ | China | $1.66B | -15% | -2% | 18% | 3.4× | 5.3% | +9.1% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 3.3× | 9.2% | +6.8% |
| Triveni Turbine TRITURBINE.NS | India | $1.66B | -14% | +18% | 17% | 7.0× | 45.8% | +25.4% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 3.5× | 6.1% | +11.5% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 2.0× | 10.6% | +35.1% |
| Shanghai Hanbell Precise Machinery 002158.SZ | China | $1.67B | -24% | -5% | 15% | 3.5× | 16.3% | +5.2% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 0.7× | 2.0% | +8.9% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 0.5× | -3.2% | +6.6% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 1.2× | 8.7% | +15.8% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 1.9× | -13.9% | +9.8% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 3.1× | 13.7% | +12.2% |
| Sanhe Tongfei Refrigeration 300990.SZ | China | $1.69B | -18% | +23% | 8% | 3.0× | 31.4% | +36.2% |
| Fujian Snowman 002639.SZ | China | $1.70B | -18% | +9% | 1% | 4.3× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 2.3× | n/a | n/a |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 23.2× | n/a | n/a |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 2.1× | 6.3% | +3.1% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 3.7× | 20.7% | +10.8% |
| Ningbo PIA Automation 688306.SS | China | $1.74B | +3% | +7% | 4% | 4.3× | 35.2% | +8.7% |
| Xizi Clean Energy Equipment Manufacturing 002534.SZ | China | $1.74B | -19% | -2% | 3% | 1.9× | 25.7% | +3.1% |