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Chinese maker of rotary compressors and motors for air conditioners and refrigerators, plus automotive thermal-management parts; Shanghai Electric-controlled.
Chinese maker of rotary compressors and motors for air conditioners and refrigerators, plus automotive thermal-management parts; Shanghai Electric-controlled.
Sells compressors and motors in volume to air-conditioner and refrigerator makers, so earnings follow appliance output and the pace of energy-efficiency and refrigerant rule changes. Shanghai Electric, the state-owned equipment group, controls it. A newer line supplies air-conditioning compressors and thermal-management parts for vehicles.
Moat: narrow (scale, customer qualification). Large-scale compressor maker, qualified into major appliance makers' supply chains.
Headquarters: Shanghai, China · Employees: 10,238
Size Shanghai Highly (Group) (600619.SS) is a China Industrials company (Industrial Machinery) with a market value of $1.57B, the 1569th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.93 on 6 Nov 2026.
Performance Over six months the shares fell 33.4%, against -15.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 3.4% over the last twelve months (peer median +13.1%); the operating margin is 3.2% (peer median 8.4%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 2.4× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points below its cost of capital (9.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥20.8B | CN¥20.4B | CN¥18.7B | CN¥17.0B | CN¥16.4B |
| Revenue growth | — | +9% | +10% | +3% | — |
| Gross profit | CN¥3.75B | CN¥2.64B | CN¥2.29B | CN¥1.77B | CN¥1.34B |
| EBITDA | n/a | CN¥1.23B | CN¥1.14B | CN¥717M | CN¥546M |
| Net income | CN¥241M | CN¥71.8M | CN¥33.8M | CN¥30.1M | CN¥34.8M |
| Free cash flow | CN¥502M | CN¥42.5M | CN¥687M | CN¥201M | -CN¥201M |
| Capital expenditure | CN¥852M | CN¥1.15B | CN¥971M | CN¥874M | CN¥718M |
| Total debt | CN¥8.73B | CN¥8.42B | CN¥8.90B | CN¥8.45B | CN¥7.91B |
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.
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 | 600619.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.9% | -8.8% | 10th lowest of 21 |
| 6-month return | -33.4% | -15.6% | 7th lowest of 20 |
| Distance from 52-week high | -51.3% | -40.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +3.4% | +13.1% | 6th lowest of 21 |
| Operating margin | 3.2% | 8.4% | 4th lowest of 21 |
| EV / Sales | 0.8× | 2.4× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 8.6% | 10.9% | 5th least demanding of 13 |
| Growth delivered (Del g) | +13.1% | +10.3% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -4.5 pp | +1.5 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | -2.4 pp | -2.5 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | 0.8× | 8.6% | +13.1% |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 7.6× | 28.7% | +15.2% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 1.3× | 8.0% | +14.0% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 0.9× | n/a | n/a |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 2.1× | 11.2% | +9.9% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 2.4× | 12.8% | +15.6% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 3.7× | 20.7% | +10.8% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 2.1× | 6.3% | +3.1% |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 1.4× | 12.4% | +8.1% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 23.2× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 2.3× | n/a | n/a |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | 3.0× | 28.5% | +26.7% |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | 16.3× | n/a | n/a |
| Jiangsu Huahong Technology Stock 002645.SZ | China | $1.52B | -38% | +57% | 5% | 1.0× | n/a | n/a |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 1.9× | -13.9% | +9.8% |
| Changzheng Engineering Technology 603698.SS | China | $1.51B | -57% | -4% | 7% | 2.7× | n/a | n/a |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 0.5× | -3.2% | +6.6% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 2.0× | 10.6% | +35.1% |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 3.3× | 9.2% | +6.8% |
| Ningbo Donly 002164.SZ | China | $1.49B | +49% | +5% | 5% | 6.6× | n/a | n/a |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | 16.2× | n/a | n/a |