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One of China's largest makers of automotive lead-acid starter batteries, also expanding into lithium batteries and recycling.
One of China's largest makers of automotive lead-acid starter batteries, also expanding into lithium batteries and recycling.
Sells starter batteries to automakers for new cars and, through dealers, as replacements, which is the steadier line because batteries wear out every few years. Lead, its main raw material, is partly recovered from scrapped batteries at its own recycling plants, which cushions metal-price swings. Based in Xiangyang, Hubei.
In one line: A Chinese Clarios/EnerSys.
Moat: narrow (scale, distribution, brand). Leading domestic scale and distribution network in automotive starter batteries and recycling.
Headquarters: Xiangyang, Hubei, China · Founded: 1980 · Employees: 7,472
Size Camel (601311.SS) is a China Industrials company (Electrical Products) with a market value of $1.29B, the 1856th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.41 on 6 Nov 2026.
Performance Over six months the shares fell 25.5%, against -31.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 4.0% over the last twelve months (peer median +21.5%); the operating margin is 2.4% (peer median 3.7%).
Valuation It trades at 12.8× forward earnings against a peer median of 22.9× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (7.2% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.6B | CN¥15.8B | CN¥15.1B | CN¥13.6B | CN¥13.0B |
| Revenue growth | — | +5% | +11% | +5% | — |
| Gross profit | CN¥2.79B | CN¥1.80B | CN¥1.70B | CN¥1.49B | CN¥1.35B |
| EBITDA | n/a | CN¥1.17B | CN¥1.14B | CN¥1.17B | CN¥1.05B |
| Net income | CN¥573M | CN¥838M | CN¥614M | CN¥572M | CN¥470M |
| Free cash flow | CN¥863M | CN¥596M | CN¥357M | CN¥427M | -CN¥5.71M |
| Capital expenditure | CN¥369M | CN¥285M | CN¥284M | CN¥291M | CN¥268M |
| Total debt | CN¥2.50B | CN¥2.67B | CN¥2.76B | CN¥2.53B | CN¥2.48B |
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 |
|---|---|---|---|---|---|---|
| Camel 601311.SS | $1.29B | -26% | -4% | 2% | 12.8× | -0.5% |
| Tianneng Battery 688819.SS | $2.79B | -37% | +2% | 0% | 10.9× | -7.9% |
| EnerSys ENS | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% |
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 | 601311.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | -16.5% | 4th highest of 21 |
| 6-month return | -25.5% | -31.1% | 9th highest of 20 |
| Distance from 52-week high | -34.3% | -52.3% | 5th highest of 21 |
| Revenue growth (TTM) | -4.0% | +21.5% | 3rd lowest of 20 |
| Operating margin | 2.4% | 3.7% | 7th lowest of 20 |
| Forward P/E | 12.8× | 22.9× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -0.5% | 17.8% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +11.2% | +14.5% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -11.7 pp | +4.1 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -1.6 pp | -3.6 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Camel 601311.SS | China | $1.29B | -26% | -4% | 2% | 12.8× | -0.5% | +11.2% |
| Hoymiles Power Electronics 688032.SS | China | $1.29B | -38% | +47% | -16% | n/a | n/a | n/a |
| Suzhou Anjie Technology 002635.SZ | China | $1.30B | -19% | +21% | 3% | 22.0× | 16.2% | +10.4% |
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 23.0× | n/a | n/a |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | n/a | n/a | n/a |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 13.4× | 13.2% | +22.3% |
| Wuxi Xinhongye Wire & Cable 301310.SZ | China | $1.32B | -4% | +47% | 3% | 39.4× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 40.7× | 55.1% | +16.7% |
| Accelevation ACCV | United States | $1.33B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 10.1× | n/a | n/a |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 92.0× | n/a | n/a |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 27.6× | 19.3% | +17.0% |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | n/a | 21.6% | +14.2% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% | +8.6% |
| Hubei Zhongyi Technology 301150.SZ | China | $1.38B | -40% | +48% | 3% | 34.7× | 14.6% | +38.1% |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | n/a | n/a | n/a |
| Shenzhen Woer Heat-Shrinkable Material 9981.HK | Hong Kong | $1.38B | -52% | +26% | 15% | 7.6× | -11.2% | +14.8% |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | n/a | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | n/a | n/a | n/a |
| Allient ALNT | United States | $1.38B | +22% | +11% | 9% | 22.8× | 27.9% | +8.6% |
| Ocean's King Lighting Science & Technology 002724.SZ | China | $1.39B | +89% | -3% | 6% | n/a | 21.3% | +0.3% |