Loading…
Chinese maker of industrial turbines, compressors and blowers for petrochemical, energy and metallurgical plants.
Chinese maker of industrial turbines, compressors and blowers for petrochemical, energy and metallurgical plants.
Sells large rotating machines made to order for each plant, so revenue is booked when equipment is delivered and accepted after long project timelines, and follows investment cycles in petrochemicals, coal chemicals, steel and power. Services and spare parts follow the installed base. Shaanxi Blower Group, a provincial state-owned firm, is its parent.
Moat: narrow (process know-how, installed base). Long-standing engineering expertise and installed base in large rotating equipment for Chinese heavy industry.
Headquarters: Xi'an, China · Founded: 1968 · Employees: 3,594
Size Xi'an Shaangu Power (601369.SS) is a China Industrials company (Industrial Machinery) with a market value of $2.00B, the 1263rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.93 on 6 Nov 2026.
Performance Over six months the shares fell 22.4%, against -3.5% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 18 in its peer set.
Growth Revenue fell 5.5% over the last twelve months (peer median +16.6%); the operating margin is 7.2% (peer median 13.8%).
Valuation It trades at 18.2× forward earnings against a peer median of 19.4× (7th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.7 points above its cost of capital (5.8% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.59B | CN¥9.38B | CN¥10.2B | CN¥10.1B | CN¥10.7B |
| Revenue growth | — | -8% | +1% | -6% | — |
| Gross profit | CN¥2.17B | CN¥1.80B | CN¥2.24B | CN¥2.11B | CN¥2.30B |
| EBITDA | n/a | CN¥1.23B | CN¥1.53B | CN¥1.24B | CN¥1.19B |
| Net income | CN¥588M | CN¥748M | CN¥1.04B | CN¥1.02B | CN¥968M |
| Free cash flow | CN¥899M | CN¥836M | CN¥1.16B | CN¥853M | CN¥452M |
| Capital expenditure | CN¥425M | CN¥476M | CN¥216M | CN¥522M | CN¥459M |
| Total debt | CN¥2.69B | CN¥4.98B | CN¥5.62B | CN¥4.94B | CN¥6.97B |
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 |
|---|---|---|---|---|---|---|
| Xi'an Shaangu Power 601369.SS | $2.00B | -22% | -5% | 7% | 18.2× | -11.1% |
| Siemens Energy ENR.DE | $111B | -33% | +9% | 9% | 26.4× | 17.3% |
| Ebara 6361.T | $9.28B | -40% | +9% | 11% | 14.5× | n/a |
| Baker Hughes BKR | $47.5B | -25% | +4% | 12% | 17.4× | 10.0% |
| Mitsubishi Heavy Industries 7011.T | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% |
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 | 601369.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | +0.3% | 8th lowest of 21 |
| 6-month return | -22.4% | -3.5% | 5th lowest of 18 |
| Distance from 52-week high | -36.8% | -22.1% | 8th lowest of 21 |
| Revenue growth (TTM) | -5.5% | +16.6% | 3rd lowest of 21 |
| Operating margin | 7.2% | 13.8% | 7th lowest of 21 |
| Forward P/E | 18.2× | 19.4× | 7th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -11.1% | 1.3% | least demanding of 15 |
| Growth delivered (Del g) | +3.2% | +12.7% | 3rd lowest of 15 |
| Hurdle (Req g minus delivered) | -14.3 pp | -7.0 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +15.7 pp | +3.0 pp | 4th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xi'an Shaangu Power 601369.SS | China | $2.00B | -22% | -5% | 7% | 18.2× | -11.1% | +3.2% |
| Kaishan 300257.SZ | China | $2.00B | -56% | +12% | 15% | 22.0× | n/a | n/a |
| Max 6454.T | Japan | $2.01B | +1% | +11% | 18% | 19.4× | 2.4% | +9.2% |
| Landis+Gyr LAND.SW | Switzerland | $2.01B | +17% | -22% | 25% | 21.5× | -10.2% | -5.7% |
| Enerpac Tool EPAC | United States | $1.99B | +9% | +6% | 20% | 18.8× | 3.8% | +4.3% |
| Makino Milling Machine 6135.T | Japan | $1.99B | +35% | +17% | 12% | 10.1× | -3.2% | +17.5% |
| Direct Drive Tech 6731.HK | Hong Kong | $2.02B | n/a | +253% | -38% | n/a | n/a | n/a |
| CIMC Enric 3899.HK | Hong Kong | $1.96B | -32% | +6% | 4% | 10.4× | -4.7% | +15.6% |
| Shenzhen Hongfuhan Technology 301086.SZ | China | $2.04B | -23% | +58% | 14% | 27.7× | n/a | n/a |
| Miura 6005.T | Japan | $2.05B | -11% | +6% | 11% | 11.6× | -4.3% | +14.8% |
| Guangdong Topstar Technology 300607.SZ | China | $2.05B | -1% | +20% | 7% | 88.9× | 31.0% | -1.8% |
| Chenbro Micom 8210.TW | Taiwan | $2.06B | -57% | +54% | 23% | 10.4× | 0.3% | +23.9% |
| Burckhardt Compression BCHN.SW | Switzerland | $2.07B | -3% | -15% | 13% | 18.6× | -7.8% | +9.9% |
| LMW LMW.NS | India | $1.93B | +14% | +19% | 4% | 55.9× | n/a | n/a |
| Midera Food Processing MFP | United States | $1.92B | n/a | +11% | 14% | 16.4× | 0.9% | +10.5% |
| Suzhou Secote Precision Electronic 603283.SS | China | $1.92B | -12% | +9% | 20% | 20.2× | n/a | n/a |
| Excelland Robotics (Wuxi) 3231.HK | Hong Kong | $1.91B | n/a | +19% | -36% | n/a | n/a | n/a |
| Shenyang Machine Tool 000410.SZ | China | $2.11B | -14% | +29% | -3% | n/a | 25.3% | +22.7% |
| Ta Liang Technology 3167.TW | Taiwan | $1.89B | -9% | +103% | 23% | 19.6× | 31.8% | +15.9% |
| OSG 6136.T | Japan | $1.88B | -2% | +20% | 18% | 11.4× | 1.7% | +9.0% |
| ELGI Equipments ELGIEQUIP.NS | India | $1.87B | -1% | +16% | 13% | 35.0× | 30.6% | +15.5% |