Changshu-based maker of power equipment, potentially batteries or electrical power components for industrial use.
Changshu-based maker of power equipment, potentially batteries or electrical power components for industrial use.
Moat: none
Headquarters: Changshu, Jiangsu, China · Employees: 1,242
Size Changshu Fengfan Power Equipment (601700.SS) is a China Industrials company (Electrical Products) with a market value of $924M, the 2460th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.41 on 6 Nov 2026.
Performance Over six months the shares fell 0.4%, against -20.7% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 31.1% over the last twelve months (peer median +6.0%); the operating margin is -9.4% (peer median 4.9%).
Valuation It trades at 2.2× enterprise value to sales against a peer median of 2.3× (11th cheapest of 21).
Capital Return on invested capital runs 10.3 points below its cost of capital (7.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.53B | CN¥2.97B | CN¥3.22B | CN¥3.42B | CN¥2.73B |
| Revenue growth | — | -8% | -6% | +25% | — |
| Gross profit | CN¥609M | CN¥227M | CN¥93.7M | CN¥334M | CN¥202M |
| EBITDA | n/a | CN¥105M | -CN¥91,170 | CN¥249M | CN¥159M |
| Net income | -CN¥286M | -CN¥387M | CN¥91.3M | CN¥68.8M | CN¥32.2M |
| Free cash flow | -CN¥172M | -CN¥474M | CN¥40.6M | -CN¥102M | CN¥180M |
| Capital expenditure | CN¥128M | CN¥163M | CN¥119M | CN¥110M | CN¥290M |
| Total debt | CN¥3.28B | CN¥3.67B | CN¥4.02B | CN¥3.20B | CN¥1.77B |
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| Measure | 601700.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -7.4% | 4th lowest of 21 |
| 6-month return | -0.4% | -20.7% | 5th highest of 20 |
| Distance from 52-week high | -38.4% | -40.5% | 11th highest of 21 |
| Revenue growth (TTM) | +31.1% | +6.0% | 3rd highest of 21 |
| Operating margin | -9.4% | 4.9% | 2nd lowest of 20 |
| EV / Sales | 2.2× | 2.3× | 11th cheapest of 21 |
| ROIC minus cost of capital | -10.3 pp | -3.7 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Changshu Fengfan Power Equipment 601700.SS | China | $924M | 0% | +31% | -9% | 2.2× | n/a | n/a |
| Fujian Nanping Sun Cable 002300.SZ | China | $924M | -9% | +9% | 0% | 0.7× | 19.6% | +8.7% |
| Kunshan GuoLi Electronic Technology 688103.SS | China | $924M | +7% | +34% | 5% | 4.0× | 37.7% | +26.6% |
| Shanghai Zhezhong 002346.SZ | China | $928M | -21% | +23% | 15% | 5.9× | 22.1% | +7.0% |
| Changgao Electric 002452.SZ | China | $917M | -10% | -9% | 19% | 2.8× | 2.6% | +1.3% |
| Beijing SOJO Electric 300444.SZ | China | $912M | -52% | -11% | -4% | 2.5× | n/a | n/a |
| Warom Technology 603855.SS | China | $938M | +1% | -18% | 15% | 2.0× | -2.6% | +7.1% |
| Qingdao CHOHO Industrial 003033.SZ | China | $939M | +36% | +6% | 9% | 3.3× | 14.2% | +14.6% |
| Sunway 603333.SS | China | $941M | +1% | +68% | 3% | 3.1× | n/a | n/a |
| CWB Automotive Electronics 605005.SS | China | $907M | -21% | 0% | 9% | 3.3× | 9.4% | +9.3% |
| NITTO KOGYO 6651.T | Japan | $906M | -17% | +6% | 8% | 0.7× | -2.7% | +7.3% |
| Beijing Creative 002350.SZ | China | $946M | -19% | +7% | -1% | 2.7× | 54.8% | -0.3% |
| Array Technologies ARRY | United States | $902M | -32% | -16% | 0% | 1.8× | 57.9% | +8.0% |
| Shenzhen Center Power Tech 002733.SZ | China | $901M | -43% | +16% | 5% | 1.6× | 16.9% | +6.4% |
| R&S Group Holding AG Pref RSGN.SW | Switzerland | $899M | -22% | +2% | 18% | 2.1× | -7.0% | +2.3% |
| Temb Intelligent Tech Shandong 603448.SS | China | $951M | n/a | +16% | n/a | 1.9× | 45.6% | n/a |
| Beijing Jingwei Hirain Technologies 688326.SS | China | $896M | -40% | +2% | -5% | 1.1× | n/a | n/a |
| Motic (Xiamen) Electric 300341.SZ | China | $957M | -20% | +19% | 12% | 3.3× | 17.7% | +5.1% |
| Jolywood (Suzhou) Sunwatt 300393.SZ | China | $958M | -42% | -48% | -62% | 4.9× | 5.1% | -2.7% |
| Jiangsu Zhongchao 002471.SZ | China | $963M | -45% | -5% | 1% | 1.7× | n/a | n/a |
| CSG Smart Science&Technology 300222.SZ | China | $966M | -27% | +26% | 2% | 2.0× | n/a | n/a |