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Wuxi-based maker of industrial boilers and waste-to-energy/environmental equipment for power and industrial plants.
Wuxi-based maker of industrial boilers and waste-to-energy/environmental equipment for power and industrial plants.
Moat: narrow (process know-how, installed base). Established CFB boiler technology and installed base among Chinese power and waste-to-energy plants.
Headquarters: Wuxi, Jiangsu, China · Employees: 4,153
Size Wuxi Huaguang Environment & Energy (600475.SS) is a China Industrials company (Electrical Products) with a market value of $1.79B, the 1399th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.81 on 6 Nov 2026.
Performance Over six months the shares fell 24.2%, against -24.9% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 7.7% over the last twelve months (peer median +4.8%); the operating margin is 7.3% (peer median 8.5%).
Valuation It trades at 20.7× forward earnings against a peer median of 23.6× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +5 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 1.7 points below its cost of capital (6.3% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.88B | CN¥9.12B | CN¥9.09B | CN¥10.5B | CN¥8.81B |
| Revenue growth | — | 0% | -13% | +19% | — |
| Gross profit | CN¥2.02B | CN¥1.54B | CN¥1.67B | CN¥1.84B | CN¥1.70B |
| EBITDA | n/a | CN¥1.29B | CN¥1.32B | CN¥1.30B | CN¥1.24B |
| Net income | CN¥388M | CN¥388M | CN¥704M | CN¥741M | CN¥729M |
| Free cash flow | CN¥1.06M | CN¥502M | CN¥349M | -CN¥247M | CN¥105M |
| Capital expenditure | CN¥703M | CN¥983M | CN¥904M | CN¥839M | CN¥785M |
| Total debt | CN¥8.84B | CN¥11.1B | CN¥9.52B | CN¥9.22B | CN¥6.38B |
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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 | 600475.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -5.7% | 8th lowest of 21 |
| 6-month return | -24.2% | -24.9% | 11th highest of 21 |
| Distance from 52-week high | -50.3% | -44.8% | 7th lowest of 21 |
| Revenue growth (TTM) | -7.7% | +4.8% | 4th lowest of 21 |
| Operating margin | 7.3% | 8.5% | 10th lowest of 21 |
| Forward P/E | 20.7× | 23.6× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 8.0% | 15.6% | 6th least demanding of 14 |
| Growth delivered (Del g) | +3.0% | +11.4% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +4.9 pp | +2.4 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -1.7 pp | -3.8 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuxi Huaguang Environment & Energy 600475.SS | China | $1.79B | -24% | -8% | 7% | 20.7× | 8.0% | +3.0% |
| Pfeiffer Vacuum Technology PFV.DE | Germany | $1.79B | -3% | 0% | 9% | 23.6× | 8.9% | +6.6% |
| Finolex Cables FINCABLES.NS | India | $1.76B | 0% | +27% | 10% | 19.9× | n/a | n/a |
| Guangdong Mingyang Electric 301291.SZ | China | $1.81B | -34% | -17% | 5% | 27.9× | 15.6% | +32.9% |
| Advanced Energy Solution 6781.TW | Taiwan | $1.82B | -37% | +38% | 24% | 13.5× | 2.6% | +20.5% |
| Farasis Energy (Gan Zhou) 688567.SS | China | $1.82B | -29% | -8% | -10% | n/a | -0.9% | +52.1% |
| Hengdian Group Tospo Lighting 603303.SS | China | $1.86B | +44% | +5% | 1% | 70.3× | 35.6% | -0.8% |
| SWCC 5805.T | Japan | $1.71B | +1% | +21% | 11% | 11.1× | 6.4% | +11.4% |
| CETC Chips Technology 600877.SS | China | $1.87B | -36% | -2% | -3% | n/a | n/a | n/a |
| Hangzhou Zhongheng Electric 002364.SZ | China | $1.89B | -40% | +17% | 4% | 70.6× | n/a | n/a |
| Jiangsu Leili Motor 300660.SZ | China | $1.90B | -33% | +16% | 5% | 70.5× | 29.1% | +11.6% |
| Jiangsu Cnano Technology 688116.SS | China | $1.90B | -19% | +8% | 19% | 32.6× | n/a | n/a |
| Simplo Technology 6121.TWO | Taiwan | $1.90B | -6% | +3% | 11% | 9.6× | -20.1% | -0.8% |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | n/a | 17.9% | +5.2% |
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 17.2× | n/a | n/a |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | n/a | 50.5% | +14.1% |
| Jiangxi Special Electric Motor 002176.SZ | China | $1.96B | -52% | -13% | -13% | n/a | 48.7% | +1.2% |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | n/a | n/a | n/a |
| Meidensha 6508.T | Japan | $1.96B | -20% | +12% | 10% | 11.0× | 5.1% | +7.1% |
| TD Power Systems TDPOWERSYS.NS | India | $1.96B | -7% | +54% | 17% | 47.1× | 40.6% | +25.6% |
| Jinlongyu 002882.SZ | China | $1.97B | -21% | -1% | 3% | n/a | n/a | n/a |