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Chinese manufacturer of hydraulic cylinders, pumps, valves and motors used mainly in excavators and construction machinery.
Chinese manufacturer of hydraulic cylinders, pumps, valves and motors used mainly in excavators and construction machinery.
Sells parts that go into machines when they are built, so volume follows excavator makers' production, with the cylinder the main and longest-running product. It has been adding pumps, motors and valves, which are harder to make, to replace imported pumps in Chinese excavators.
In one line: China's Eaton Hydraulics/Parker Hannifin equivalent.
Moat: narrow (scale, customer qualification, process know-how). Leading domestic share supplying China's large excavator OEMs, with qualified precision-manufacturing processes.
Headquarters: Changzhou, China · Founded: 1990 · Employees: 8,403
Size Jiangsu Hengli Hydraulic (601100.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $17.9B, the 126th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥89.10 on 6 Nov 2026.
Performance Over six months the shares fell 15.1%, against -3.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 30.6% over the last twelve months (peer median +12.3%); the operating margin is 24.1% (peer median 9.3%).
Valuation It trades at 38.2× forward earnings against a peer median of 20.1× (4th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +17 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 20.9 points above its cost of capital (10.1% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.4B | CN¥10.9B | CN¥9.33B | CN¥8.93B | CN¥8.13B |
| Revenue growth | — | +16% | +4% | +10% | — |
| Gross profit | CN¥5.70B | CN¥4.38B | CN¥3.87B | CN¥3.62B | CN¥3.18B |
| EBITDA | n/a | CN¥3.26B | CN¥2.80B | CN¥2.78B | CN¥2.56B |
| Net income | CN¥2.80B | CN¥2.73B | CN¥2.51B | CN¥2.50B | CN¥2.34B |
| Free cash flow | CN¥2.21B | CN¥1.19B | CN¥1.60B | CN¥1.38B | CN¥1.36B |
| Capital expenditure | CN¥843M | CN¥924M | CN¥1.07B | CN¥1.37B | CN¥799M |
| Total debt | CN¥996M | CN¥297M | CN¥591M | CN¥785M | CN¥1.03B |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Hengli Hydraulic 601100.SS | $17.9B | -15% | +31% | 24% | 38.2× | 24.0% |
| Kawasaki Heavy Industries 7012.T | $10.9B | -39% | +9% | 6% | 13.8× | 20.2% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
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 | 601100.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | -1.8% | 9th highest of 21 |
| 6-month return | -15.1% | -3.9% | 7th lowest of 21 |
| Distance from 52-week high | -29.3% | -21.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +30.6% | +12.3% | 2nd highest of 21 |
| Operating margin | 24.1% | 9.3% | highest of 21 |
| Forward P/E | 38.2× | 20.1× | 4th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 24.0% | 8.5% | 5th most demanding of 21 |
| Growth delivered (Del g) | +6.9% | +9.3% | 7th lowest of 21 |
| Hurdle (Req g minus delivered) | +17.1 pp | -4.4 pp | 3rd most demanding of 21 |
| ROIC minus cost of capital | +20.9 pp | +1.5 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Hengli Hydraulic 601100.SS | China | $17.9B | -15% | +31% | 24% | 38.2× | 24.0% | +6.9% |
| Samvardhana Motherson International MOTHERSON.NS | India | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% | +17.0% |
| ITT ITT | United States | $18.4B | 0% | +28% | 17% | 21.6× | 20.9% | +9.7% |
| Knorr-Bremse KBX.DE | Germany | $17.1B | -9% | +4% | 13% | 20.7× | 8.6% | +4.9% |
| Magna International MG.TO | Canada | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% | +6.0% |
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |
| Mobis 012330.KS | South Korea | $22.3B | -18% | +4% | 6% | 8.3× | -1.0% | +10.8% |
| Shenzhen Inovance Technology 300124.SZ | China | $23.0B | -17% | +19% | 10% | 27.0× | 21.3% | +31.4% |
| Weichai Power 2338.HK | Hong Kong | $24.0B | -50% | +14% | 7% | 11.0× | -7.0% | +2.6% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Sumitomo Electric Industries 5802.T | Japan | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% | +11.9% |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Denso 6902.T | Japan | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% | +8.8% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |