Loading…
Employees: 2,487
Size Hangzhou Advance Gearbox (601177.SS) is a China Industrials company (Trucks/Construction/Farm Machinery) with a market value of $786M, the 2816th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.85 on 6 Nov 2026.
Performance Over six months the shares fell 19.3%, against -15.3% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +16.4%); the operating margin is 3.5% (peer median 5.0%).
Valuation It trades at 2.5× enterprise value to sales against a peer median of 2.3× (10th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +10 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 2.4 points below its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.42B | CN¥2.39B | CN¥2.29B | CN¥1.88B | CN¥2.19B |
| Revenue growth | — | +4% | +22% | -14% | — |
| Gross profit | CN¥569M | CN¥435M | CN¥391M | CN¥423M | CN¥462M |
| EBITDA | n/a | CN¥164M | CN¥156M | CN¥160M | CN¥173M |
| Net income | CN¥275M | CN¥254M | CN¥241M | CN¥211M | CN¥209M |
| Free cash flow | CN¥230M | CN¥277M | CN¥40.8M | CN¥36.5M | -CN¥37.9M |
| Capital expenditure | CN¥86.5M | CN¥53.4M | CN¥53.1M | CN¥46.3M | CN¥59.8M |
| Total debt | CN¥1.13B | CN¥1.23B | CN¥1.32B | CN¥1.36B | CN¥1.35B |
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.
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 | 601177.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.2% | -7.8% | 9th highest of 21 |
| 6-month return | -19.3% | -15.3% | 10th lowest of 21 |
| Distance from 52-week high | -31.2% | -32.6% | 10th highest of 21 |
| Revenue growth (TTM) | +1.1% | +16.4% | 6th lowest of 21 |
| Operating margin | 3.5% | 5.0% | 10th lowest of 21 |
| EV / Sales | 2.5× | 2.3× | 10th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.5% | 7.5% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +4.6% | +7.9% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | +9.8 pp | -0.4 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | -2.4 pp | -3.1 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Advance Gearbox 601177.SS | China | $786M | -19% | +1% | 4% | 2.5× | 14.5% | +4.6% |
| Gemac Engineering Machinery 301048.SZ | China | $801M | -8% | +7% | 8% | 1.4× | 4.1% | +4.0% |
| Greenworks (Jiangsu) 301260.SZ | China | $804M | -35% | -1% | -8% | 1.4× | n/a | n/a |
| Manitowoc MTW | United States | $808M | -3% | +9% | 3% | 0.5× | 11.2% | +9.2% |
| Power HF 605100.SS | China | $816M | -35% | +17% | 2% | 5.8× | n/a | n/a |
| Xiamen XGMA Machinery 600815.SS | China | $756M | -36% | +21% | -21% | 6.9× | n/a | n/a |
| Shandong Mining Machinery 002526.SZ | China | $754M | -15% | -6% | 1% | 2.4× | n/a | n/a |
| Niutech Technology 688309.SS | China | $753M | -10% | +79% | 26% | 9.9× | n/a | n/a |
| Astec Industries ASTE | United States | $822M | -33% | +19% | 5% | 0.7× | 9.5% | +6.6% |
| Chengdu Xiling Power Science & Technology 300733.SZ | China | $831M | -9% | +4% | 3% | 3.1× | n/a | n/a |
| Shanghai Chuangli 603012.SS | China | $738M | -12% | -17% | 5% | 2.2× | 8.1% | +2.8% |
| Douglas Dynamics PLOW | United States | $839M | -20% | +23% | 13% | 1.5× | 5.6% | +6.4% |
| VBG VBG-B.ST | Sweden | $734M | -16% | +5% | 10% | 1.4× | 2.7% | +11.4% |
| Wetown Electric 688226.SS | China | $729M | -55% | +54% | 3% | 1.4× | n/a | n/a |
| Jinxi Axle 600495.SS | China | $728M | -6% | +19% | -1% | 2.5× | 22.1% | +2.6% |
| engcon ENGCON-B.ST | Sweden | $876M | -13% | +16% | 16% | 4.2× | 7.0% | +11.9% |
| Knowledge Marine & Engineering Works KMEW.NS | India | $876M | +44% | +57% | 40% | 25.6× | n/a | n/a |
| Jianglong Shipbuilding 300589.SZ | China | $699M | -25% | -9% | -12% | 5.5× | n/a | n/a |
| HD-Hyundai Marine Engine 071970.KS | South Korea | $887M | -66% | +54% | 26% | 2.1× | -9.8% | +10.2% |
| Endur ENDUR.OL | Norway | $696M | +7% | +88% | 5% | 1.0× | 8.8% | +88.7% |
| Jupiter Wagons JWL.NS | India | $896M | -35% | -12% | 10% | 2.7× | n/a | n/a |