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CASC subsidiary making guidance, control and electronic systems for Chinese missiles, spacecraft and aerospace programs.
CASC subsidiary making guidance, control and electronic systems for Chinese missiles, spacecraft and aerospace programs.
In one line: China's L3Harris/Northrop Grumman mission-electronics arm.
Moat: wide (regulatory licence, IP / patents). State-owned sole-source supplier of guidance electronics for China's missile and space programs.
Headquarters: Beijing, China · Founded: 1993 · Employees: 12,617
Size China Aerospace Times Electronics (600879.SS) is a China Industrials company (Aerospace & Defense) with a market value of $6.43B, the 387th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.00 on 6 Nov 2026.
Performance Over six months the shares fell 45.8%, against -15.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 13.3% over the last twelve months (peer median +25.7%); the operating margin is 1.0% (peer median 6.7%).
Valuation It trades at 130.0× forward earnings against a peer median of 36.4× (most expensive of 18).
Capital Return on invested capital runs 7.8 points below its cost of capital (9.4% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥12.0B | CN¥13.9B | CN¥14.2B | CN¥18.7B | CN¥17.4B |
| Revenue growth | — | -3% | -24% | +7% | — |
| Gross profit | CN¥3.08B | CN¥2.67B | CN¥2.84B | CN¥3.63B | CN¥3.26B |
| EBITDA | n/a | CN¥1.06B | CN¥1.18B | CN¥1.31B | CN¥1.50B |
| Net income | CN¥87.1M | CN¥227M | CN¥548M | CN¥525M | CN¥613M |
| Free cash flow | -CN¥610M | -CN¥890M | -CN¥1.02B | -CN¥1.64B | -CN¥2.27B |
| Capital expenditure | CN¥954M | CN¥872M | CN¥641M | CN¥614M | CN¥890M |
| Total debt | CN¥6.27B | CN¥8.11B | CN¥8.37B | CN¥9.92B | CN¥12.4B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Aerospace Times Electronics 600879.SS | $6.43B | -46% | -13% | 1% | 130.0× | n/a |
| L3Harris LHX | $48.4B | -13% | +7% | 12% | 20.1× | 7.0% |
| Northrop Grumman NOC | $74.6B | -4% | +7% | 11% | 17.8× | 0.2% |
| AVIC Airborne Systems 600372.SS | $8.36B | -11% | -2% | 5% | 48.1× | 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 | 600879.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -0.8% | 9th lowest of 21 |
| 6-month return | -45.8% | -15.4% | 3rd lowest of 21 |
| Distance from 52-week high | -59.7% | -39.3% | 7th lowest of 21 |
| Revenue growth (TTM) | -13.3% | +25.7% | 2nd lowest of 21 |
| Operating margin | 1.0% | 6.7% | 4th lowest of 21 |
| Forward P/E | 130.0× | 36.4× | most expensive of 18 |
| ROIC minus cost of capital | -7.8 pp | -1.9 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 130.0× | n/a | n/a |
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -1,033% | n/a | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 11% | 29.6× | 23.0% | +4.5% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 19% | 57.5× | n/a | n/a |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -754% | n/a | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | 1% | 33.5× | n/a | n/a |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 51.7× | n/a | n/a |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% | -12.8% |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 8% | 20.0× | n/a | n/a |
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 8.4× | 1.7% | +23.3% |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 48.1× | n/a | n/a |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 45% | n/a | 36.1% | +43.7% |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 26.4× | 20.1% | +32.1% |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 23.1× | 4.6% | +5.6% |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | 2% | 44.2× | 59.6% | +1.3% |
| Aar AIR | United States | $4.39B | -7% | +22% | 9% | 18.4× | 13.2% | +14.9% |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |