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Employees: 2,343
Size Sun-Create Electronics (600990.SS) is a China Industrials company (Aerospace & Defense) with a market value of $669M, the 3174th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.57 on 6 Nov 2026.
Performance Over six months the shares fell 28.3%, against -37.7% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 13.3% over the last twelve months (peer median +12.6%); the operating margin is -30.1% (peer median 6.0%).
Valuation It trades at 57.1× forward earnings against a peer median of 27.6× (3rd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is -15%, so the hurdle is +51 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 14.7 points below its cost of capital (8.1% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.35B | CN¥1.74B | CN¥1.60B | CN¥1.92B | CN¥2.71B |
| Revenue growth | — | +9% | -17% | -29% | — |
| Gross profit | CN¥204M | CN¥170M | CN¥134M | CN¥247M | CN¥444M |
| EBITDA | n/a | -CN¥111M | -CN¥117M | -CN¥384M | CN¥218M |
| Net income | -CN¥427M | -CN¥288M | -CN¥246M | -CN¥553M | CN¥66.0M |
| Free cash flow | CN¥67.8M | CN¥93.1M | CN¥172M | CN¥50.6M | -CN¥33.4M |
| Capital expenditure | CN¥86.1M | CN¥90.4M | CN¥72.3M | CN¥57.6M | CN¥151M |
| Total debt | CN¥1.85B | CN¥2.03B | CN¥2.09B | CN¥2.13B | CN¥2.46B |
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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 | 600990.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -12.4% | 7th highest of 20 |
| 6-month return | -28.3% | -37.7% | 7th highest of 20 |
| Distance from 52-week high | -56.7% | -56.1% | 10th lowest of 20 |
| Revenue growth (TTM) | -13.3% | +12.6% | 5th lowest of 20 |
| Operating margin | -30.1% | 6.0% | 2nd lowest of 20 |
| Forward P/E | 57.1× | 27.6× | 3rd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 35.7% | 21.1% | 4th most demanding of 8 |
| Growth delivered (Del g) | -15.1% | +12.9% | lowest of 8 |
| Hurdle (Req g minus delivered) | +50.7 pp | +3.4 pp | most demanding of 8 |
| ROIC minus cost of capital | -14.7 pp | -5.1 pp | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sun-Create Electronics 600990.SS | China | $669M | -28% | -13% | -30% | 57.1× | 35.7% | -15.1% |
| Eve EVEX | United States | $645M | -43% | n/a | n/a | n/a | n/a | n/a |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 31.7× | n/a | n/a |
| Jiangsu Maixinlin Aviation Science and Technology 688685.SS | China | $620M | -42% | -36% | -18% | 21.2× | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | n/a | -5.6% | +6.4% |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 79.0× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | n/a | 21.1% | +17.7% |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 38.6× | 41.9% | +18.2% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 18.5× | n/a | n/a |
| Beijing Navigation Control Technology 688282.SS | China | $564M | -42% | -4% | -26% | n/a | n/a | n/a |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | n/a | n/a | n/a |
| Satellogic SATL | United States | $535M | -54% | +369% | -67% | n/a | n/a | n/a |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | n/a | n/a | n/a |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 90.2× | 36.9% | -1.1% |
| Park Aerospace PKE | United States | $515M | -30% | +28% | 21% | 31.2× | 4.8% | +9.6% |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | n/a | 38.8% | +12.9% |
| Figeac Aero FGA.PA | France | $506M | -3% | +13% | 6% | 20.5× | 14.7% | +18.9% |
| Nippon Avionics 6946.T | Japan | $505M | -26% | +45% | 21% | 12.8× | n/a | n/a |
| Tonbo Imaging India TONBO.NS | India | $895M | n/a | -23% | 21% | n/a | n/a | n/a |
| Kraken Robotics PNG.V | Canada | $896M | -53% | +21% | -2% | 27.6× | n/a | n/a |
| Tokyo Keiki 7721.T | Japan | $494M | -37% | +5% | 9% | 14.1× | n/a | n/a |