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Cable manufacturer producing power cables, including grid-connection cables for renewable-energy projects.
Cable manufacturer producing power cables, including grid-connection cables for renewable-energy projects.
In one line: China's a regional Prysmian-type power cable maker.
Moat: none (scale). Commodity power-cable manufacturing with limited differentiation from other domestic cable makers.
Headquarters: Wuxi, China · Founded: 1994 · Employees: 7,373
Size Far East Smarter Energy (600869.SS) is a China Industrials company (Electrical Products) with a market value of $4.73B, the 531st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.20 on 6 Nov 2026.
Performance Over six months the shares fell 16.4%, against -22.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 0.8% over the last twelve months (peer median +12.2%); the operating margin is 1.5% (peer median 9.7%).
Valuation It trades at 37.4× forward earnings against a peer median of 21.2× (2nd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 38% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +31 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 5.6 points below its cost of capital (10.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥27.8B | CN¥28.1B | CN¥26.1B | CN¥24.4B | CN¥21.7B |
| Revenue growth | — | +8% | +7% | +13% | — |
| Gross profit | CN¥3.08B | CN¥2.45B | CN¥2.25B | CN¥2.74B | CN¥2.68B |
| EBITDA | n/a | CN¥792M | CN¥399M | CN¥1.02B | CN¥1.11B |
| Net income | CN¥152M | CN¥58.9M | -CN¥318M | CN¥320M | CN¥552M |
| Free cash flow | CN¥253M | CN¥585M | -CN¥548M | -CN¥700M | -CN¥312M |
| Capital expenditure | CN¥552M | CN¥357M | CN¥852M | CN¥1.16B | CN¥617M |
| Total debt | CN¥9.03B | CN¥8.06B | CN¥7.52B | CN¥7.09B | CN¥7.62B |
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 |
|---|---|---|---|---|---|---|
| Far East Smarter Energy 600869.SS | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% |
| Hengtong Optic-Electric 600487.SS | $14.9B | -38% | +21% | 9% | 11.8× | n/a |
| Jiangsu Zhongtian Technology 600522.SS | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% |
| Ningbo Orient Wires & Cables 603606.SS | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% |
| Baosheng Science & Technology Innovation 600973.SS | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% |
| Shanghai QiFan Cable 605222.SS | $1.11B | -51% | +12% | 2% | 16.4× | n/a |
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 | 600869.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.0% | -12.9% | 8th lowest of 21 |
| 6-month return | -16.4% | -22.6% | 7th highest of 20 |
| Distance from 52-week high | -63.2% | -39.9% | lowest of 21 |
| Revenue growth (TTM) | -0.8% | +12.2% | 5th lowest of 20 |
| Operating margin | 1.5% | 9.7% | 4th lowest of 21 |
| Forward P/E | 37.4× | 21.2× | 2nd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 38.2% | 11.2% | most demanding of 12 |
| Growth delivered (Del g) | +7.3% | +16.2% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | +30.9 pp | -4.3 pp | most demanding of 12 |
| ROIC minus cost of capital | -5.6 pp | +1.5 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| CNGR Advanced Material 300919.SZ | China | $4.72B | -48% | +46% | 7% | 12.6× | n/a | n/a |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |