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Major Chinese consumer-electronics maker known for TVs and home appliances, sold under the Changhong brand.
Major Chinese consumer-electronics maker known for TVs and home appliances, sold under the Changhong brand.
Sells TVs and appliances under its own brand through retailers and online platforms, in China and by export, and competes largely on price and scale in products that are hard to tell apart. Its controlling shareholder is a state-owned group in Sichuan.
In one line: A Chinese Whirlpool/Vizio combined.
Moat: narrow (brand, distribution). Long-established national brand with broad retail distribution, though TVs/appliances are competitive commodities.
Headquarters: Mianyang, Sichuan, China · Founded: 1958 · Employees: 46,886
Size Sichuan Changhong Electric (600839.SS) is a China Information Technology company (Computer Peripherals) with a market value of $3.55B, the 727th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.13 on 6 Nov 2026.
Performance Over six months the shares fell 41.3%, against -9.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +12.7%); the operating margin is -0.1% (peer median 10.5%).
Valuation It trades at 0.4× enterprise value to sales against a peer median of 2.2× (cheapest of 21).
Capital Return on invested capital runs 4.2 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥112B | CN¥109B | CN¥104B | CN¥97.3B | CN¥92.4B |
| Revenue growth | — | +5% | +6% | +5% | — |
| Gross profit | CN¥10.0B | CN¥10.1B | CN¥10.2B | CN¥10.7B | CN¥10.6B |
| EBITDA | n/a | CN¥2.58B | CN¥2.98B | CN¥2.84B | CN¥2.61B |
| Net income | CN¥40.0M | CN¥989M | CN¥704M | CN¥688M | CN¥468M |
| Free cash flow | -CN¥2.13B | CN¥1.93B | CN¥2.45B | CN¥2.03B | CN¥2.88B |
| Capital expenditure | CN¥1.17B | CN¥1.09B | CN¥955M | CN¥1.57B | CN¥1.02B |
| Total debt | CN¥44.4B | CN¥40.8B | CN¥40.8B | CN¥40.5B | CN¥37.4B |
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 |
|---|---|---|---|---|---|---|
| Sichuan Changhong Electric 600839.SS | $3.55B | -41% | +4% | 0% | 0.4× | n/a |
| TCL Technology 000100.SZ | $15.0B | +7% | +5% | 0% | 1.5× | -4.7% |
| Hisense Visual Technology 600060.SS | $5.31B | +8% | -2% | 5% | 0.5× | -3.4% |
| Skyworth 0751.HK | $749M | -51% | +5% | 2% | 0.3× | n/a |
| Midea 000333.SZ | $101B | +10% | +2% | 9% | 1.5× | -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 | 600839.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.2% | -12.6% | 8th lowest of 21 |
| 6-month return | -41.3% | -9.4% | lowest of 21 |
| Distance from 52-week high | -54.4% | -36.3% | 2nd lowest of 21 |
| Revenue growth (TTM) | +3.9% | +12.7% | 8th lowest of 21 |
| Operating margin | -0.1% | 10.5% | 5th lowest of 21 |
| EV / Sales | 0.4× | 2.2× | cheapest of 21 |
| ROIC minus cost of capital | -4.2 pp | +12.9 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | 0.4× | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 3.2× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 0.4× | n/a | n/a |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 2.0× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 1.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 2.4× | 27.3% | +4.9% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 3.3× | n/a | n/a |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.1× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 1.3× | n/a | n/a |
| Venustech 002439.SZ | China | $2.58B | -9% | 0% | -16% | 6.4× | 19.0% | -8.6% |
| Newland Digital Technology 000997.SZ | China | $2.56B | -14% | +29% | 11% | 1.2× | n/a | n/a |
| Societe Industrielle & Financiere de l'Artois ARTO.PA | France | $2.55B | -26% | -6% | -8% | 16.2× | n/a | n/a |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 4.5× | -0.3% | +18.6% |
| Netweb Technologies India NETWEB.NS | India | $2.37B | -12% | +175% | 13% | 5.8× | 46.1% | +72.5% |
| Kardex KARN.SW | Switzerland | $2.35B | -9% | +3% | 9% | 2.3× | 11.8% | +12.5% |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 0.6× | 0.8% | +7.2% |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 0.7× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | 0.7× | n/a | n/a |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 2.6× | n/a | n/a |
| Tianma Microelectronics 000050.SZ | China | $2.05B | -27% | -3% | -1% | 1.2× | -6.2% | +4.4% |
| Beijing Dahao Technology 603025.SS | China | $2.04B | -25% | +23% | 29% | 3.9× | 7.4% | +29.2% |