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Xiamen-based maker of wheel loaders and excavators for construction and mining.
Xiamen-based maker of wheel loaders and excavators for construction and mining.
Sells machines through dealers to contractors and quarry and mine operators, so income follows construction and mining investment, and exports to emerging markets spread some of the dependence on China's own cycle.
Moat: narrow (scale, distribution). Established regional construction-equipment brand with dealer network in China and export markets.
Headquarters: Xiamen, Fujian, China · Employees: 650
Size Xiamen XGMA Machinery (600815.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $756M, the 2890th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.84 on 6 Nov 2026.
Performance Over six months the shares fell 35.6%, against -14.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +12.3%); the operating margin is -21.3% (peer median 5.0%).
Valuation It trades at 6.9× enterprise value to sales against a peer median of 2.3× (3rd most expensive of 21).
Capital Return on invested capital runs 12.9 points below its cost of capital (5.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥718M | CN¥671M | CN¥683M | CN¥819M | CN¥1.00B |
| Revenue growth | — | -2% | -17% | -18% | — |
| Gross profit | CN¥52.3M | CN¥75.8M | CN¥155M | CN¥106M | CN¥65.9M |
| EBITDA | -CN¥82.7M | -CN¥36.1M | CN¥63.0M | -CN¥167M | -CN¥179M |
| Net income | -CN¥128M | -CN¥73.5M | CN¥6.77M | -CN¥218M | CN¥258M |
| Free cash flow | -CN¥458M | -CN¥341M | CN¥61.2M | CN¥68.5M | -CN¥76.2M |
| Capital expenditure | CN¥142M | CN¥170M | CN¥82.1M | CN¥33.2M | CN¥67.3M |
| Total debt | CN¥262M | CN¥308M | CN¥167M | CN¥141M | CN¥285M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Xiamen XGMA Machinery 600815.SS | $756M | -36% | +21% | -21% | 6.9× | n/a |
| Guangxi Liugong Machinery 000528.SZ | $2.58B | -13% | +10% | 6% | 0.8× | -3.5% |
| Sany Heavy Industry 600031.SS | $24.6B | -4% | +18% | 11% | 1.4× | -2.6% |
| Shantui Construction Machinery 000680.SZ | $2.06B | -22% | +14% | 10% | 1.1× | -4.4% |
| XCMG Construction Machinery 000425.SZ | $12.6B | -28% | +8% | 8% | 1.3× | -3.2% |
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 | 600815.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.0% | -6.5% | 2nd lowest of 21 |
| 6-month return | -35.6% | -14.0% | 3rd lowest of 21 |
| Distance from 52-week high | -44.4% | -30.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +20.6% | +12.3% | 7th highest of 21 |
| Operating margin | -21.3% | 5.0% | lowest of 21 |
| EV / Sales | 6.9× | 2.3× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -12.9 pp | -1.5 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xiamen XGMA Machinery 600815.SS | China | $756M | -36% | +21% | -21% | 6.9× | n/a | n/a |
| Shandong Mining Machinery 002526.SZ | China | $754M | -15% | -6% | 1% | 2.4× | n/a | n/a |
| Niutech Technology 688309.SS | China | $753M | -10% | +79% | 26% | 9.9× | n/a | n/a |
| Shanghai Chuangli 603012.SS | China | $738M | -12% | -17% | 5% | 2.2× | 8.1% | +2.8% |
| VBG VBG-B.ST | Sweden | $734M | -16% | +5% | 10% | 1.4× | 2.7% | +11.4% |
| Wetown Electric 688226.SS | China | $729M | -55% | +54% | 3% | 1.4× | n/a | n/a |
| Jinxi Axle 600495.SS | China | $728M | -6% | +19% | -1% | 2.5× | 22.1% | +2.6% |
| Hangzhou Advance Gearbox 601177.SS | China | $786M | -19% | +1% | 4% | 2.5× | 14.5% | +4.6% |
| Gemac Engineering Machinery 301048.SZ | China | $801M | -8% | +7% | 8% | 1.4× | 4.1% | +4.0% |
| Greenworks (Jiangsu) 301260.SZ | China | $804M | -35% | -1% | -8% | 1.4× | n/a | n/a |
| Manitowoc MTW | United States | $808M | -3% | +9% | 3% | 0.5× | 11.2% | +9.2% |
| Power HF 605100.SS | China | $816M | -35% | +17% | 2% | 5.8× | n/a | n/a |
| Jianglong Shipbuilding 300589.SZ | China | $699M | -25% | -9% | -12% | 5.5× | n/a | n/a |
| Endur ENDUR.OL | Norway | $696M | +7% | +88% | 5% | 1.0× | 8.8% | +88.7% |
| Astec Industries ASTE | United States | $822M | -33% | +19% | 5% | 0.7× | 9.5% | +6.6% |
| Chengdu Xiling Power Science & Technology 300733.SZ | China | $831M | -9% | +4% | 3% | 3.1× | n/a | n/a |
| Douglas Dynamics PLOW | United States | $839M | -20% | +23% | 13% | 1.5× | 5.6% | +6.4% |
| Ajax Engineering AJAXENGG.NS | India | $676M | +1% | +1% | 12% | 3.0× | 25.4% | +23.2% |
| engcon ENGCON-B.ST | Sweden | $876M | -13% | +16% | 16% | 4.2× | 7.0% | +11.9% |
| Knowledge Marine & Engineering Works KMEW.NS | India | $876M | +44% | +57% | 40% | 25.6× | n/a | n/a |
| HD-Hyundai Marine Engine 071970.KS | South Korea | $887M | -66% | +54% | 26% | 2.1× | -9.8% | +10.2% |