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China Shipbuilding Group's listed power-equipment arm, making marine diesel engines and other power equipment for ships and industry.
China Shipbuilding Group's listed power-equipment arm, making marine diesel engines and other power equipment for ships and industry.
Sells ship engines, propulsion and power equipment to state-owned shipyards and, increasingly, to power and industrial buyers, so orders follow shipbuilding output. It sits inside China State Shipbuilding Corporation, formed by merging CSSC and CSIC in 2019, which also owns many of the yards that buy from it.
In one line: A China-scale peer to Wartsila/MAN Energy Solutions in marine engines.
Moat: narrow (scale, customer qualification, IP / patents). CSIC Diesel Engine subsidiary is the qualified engine supplier for most Chinese naval and commercial shipbuilding.
Headquarters: Beijing, China · Founded: 2000 · Employees: 22,990
Size China Shipbuilding Industry Group Power (600482.SS) is a China Industrials company (Electrical Products) with a market value of $10.3B, the 243rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥30.30 on 6 Nov 2026.
Performance Over six months the shares fell 21.4%, against -21.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 13.3% over the last twelve months (peer median +11.7%); the operating margin is 7.3% (peer median 13.2%).
Valuation It trades at 23.4× forward earnings against a peer median of 17.0× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -20% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.0 points above its cost of capital (6.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥63.1B | CN¥57.4B | CN¥51.3B | CN¥44.7B | CN¥38.0B |
| Revenue growth | — | +12% | +15% | +18% | — |
| Gross profit | CN¥13.2B | CN¥8.99B | CN¥6.91B | CN¥4.94B | CN¥4.37B |
| EBITDA | n/a | CN¥4.20B | CN¥3.20B | CN¥1.61B | CN¥1.05B |
| Net income | CN¥2.12B | CN¥1.30B | CN¥1.39B | CN¥779M | CN¥336M |
| Free cash flow | CN¥17.6B | CN¥10.5B | CN¥13.4B | CN¥3.84B | CN¥1.89B |
| Capital expenditure | CN¥1.02B | CN¥1.35B | CN¥1.09B | CN¥924M | CN¥1.29B |
| Total debt | CN¥6.88B | CN¥10.3B | CN¥9.95B | CN¥14.2B | CN¥12.6B |
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 |
|---|---|---|---|---|---|---|
| China Shipbuilding Industry Group Power 600482.SS | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% |
| Wartsila Oyj Abp WRT1V.HE | $17.1B | -25% | -2% | 13% | 23.5× | 7.2% |
| Weichai Power 000338.SZ | $24.2B | -40% | +8% | 7% | 11.0× | -6.1% |
| Mitsubishi Heavy Industries 7011.T | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% |
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 | 600482.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.6% | -15.8% | 10th highest of 21 |
| 6-month return | -21.4% | -21.1% | 10th lowest of 20 |
| Distance from 52-week high | -30.1% | -42.4% | 8th highest of 21 |
| Revenue growth (TTM) | +13.3% | +11.7% | 8th highest of 20 |
| Operating margin | 7.3% | 13.2% | 5th lowest of 20 |
| Forward P/E | 23.4× | 17.0× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -19.6% | 7.5% | least demanding of 17 |
| Growth delivered (Del g) | +16.5% | +10.9% | 4th highest of 16 |
| Hurdle (Req g minus delivered) | -36.0 pp | -1.3 pp | least demanding of 16 |
| ROIC minus cost of capital | +14.0 pp | +8.4 pp | 9th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |