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Chinese maker of power and special cables for grid, marine and industrial customers.
Chinese maker of power and special cables for grid, marine and industrial customers.
Moat: none. Cable manufacturing is commoditized and tender-driven with thin differentiation.
Headquarters: Wenzhou, Zhejiang, China · Employees: 6,346
Size Baosheng Science & Technology Innovation (600973.SS) is a China Industrials company (Electrical Products) with a market value of $1.11B, the 2091st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.42 on 6 Nov 2026.
Performance Over six months the shares fell 25.6%, against -30.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 31.1% over the last twelve months (peer median +18.4%); the operating margin is 0.7% (peer median 5.8%).
Valuation It trades at 60.2× forward earnings against a peer median of 24.5× (2nd most expensive of 17).
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 +7%, so the hurdle is +2 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 1.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥63.6B | CN¥47.9B | CN¥46.3B | CN¥43.7B | CN¥41.4B |
| Revenue growth | — | +3% | +6% | +6% | — |
| Gross profit | CN¥2.43B | CN¥1.88B | CN¥1.87B | CN¥2.05B | CN¥1.89B |
| EBITDA | n/a | CN¥915M | CN¥560M | CN¥1.01B | CN¥998M |
| Net income | CN¥56.4M | -CN¥43.9M | -CN¥300M | CN¥31.0M | CN¥65.3M |
| Free cash flow | CN¥573M | CN¥573M | -CN¥1.16B | CN¥698M | -CN¥56.8M |
| Capital expenditure | CN¥212M | CN¥239M | CN¥293M | CN¥545M | CN¥457M |
| Total debt | CN¥16.6B | CN¥13.1B | CN¥13.2B | CN¥13.5B | CN¥13.2B |
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 |
|---|---|---|---|---|---|---|
| Baosheng Science & Technology Innovation 600973.SS | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% |
| Ningbo Orient Wires & Cables 603606.SS | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% |
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 | 600973.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | -16.2% | 6th highest of 21 |
| 6-month return | -25.6% | -30.6% | 9th highest of 20 |
| Distance from 52-week high | -42.2% | -49.4% | 9th highest of 21 |
| Revenue growth (TTM) | +31.1% | +18.4% | 6th highest of 21 |
| Operating margin | 0.7% | 5.8% | 4th lowest of 21 |
| Forward P/E | 60.2× | 24.5× | 2nd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 9.1% | 20.0% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +6.9% | +18.0% | 3rd lowest of 9 |
| Hurdle (Req g minus delivered) | +2.2 pp | +10.1 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | -1.8 pp | -1.5 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| Shenzhen Highpower Technology 001283.SZ | China | $1.07B | 0% | +18% | 5% | 23.8× | n/a | n/a |
| Ongoal Technology 301662.SZ | China | $1.06B | -51% | -3% | 3% | 43.9× | 51.7% | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Voltamp Transformers VOLTAMP.NS | India | $1.04B | +1% | +18% | 15% | 28.6× | 35.4% | +25.5% |