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Chinese industrial equipment maker, historically a coal-mining machinery producer now diversifying into other industrial/auto-related equipment.
Chinese industrial equipment maker, historically a coal-mining machinery producer now diversifying into other industrial/auto-related equipment.
Moat: narrow (installed base). Long-standing installed base of coal-mining equipment in Chinese mines.
Headquarters: Zhengzhou, Henan, China · Employees: 16,480
Size ZCZL Industrial Technology (601717.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $3.80B, the 677th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.20 on 6 Nov 2026.
Performance Over six months the shares fell 18.6%, against -11.7% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 1.0% over the last twelve months (peer median +7.3%); the operating margin is 8.4% (peer median 7.2%).
Valuation It trades at 6.3× forward earnings against a peer median of 13.3× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (5.7% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥39.6B | CN¥41.3B | CN¥37.0B | CN¥36.3B | CN¥31.9B |
| Revenue growth | — | +12% | +2% | +14% | — |
| Gross profit | CN¥9.02B | CN¥8.96B | CN¥8.54B | CN¥7.43B | CN¥6.18B |
| EBITDA | n/a | CN¥6.13B | CN¥6.15B | CN¥5.13B | CN¥4.02B |
| Net income | CN¥3.11B | CN¥4.29B | CN¥3.93B | CN¥3.27B | CN¥2.54B |
| Free cash flow | CN¥1.26B | CN¥1.01B | CN¥2.24B | CN¥2.20B | CN¥1.29B |
| Capital expenditure | CN¥2.13B | CN¥1.56B | CN¥1.97B | CN¥1.08B | CN¥1.11B |
| Total debt | CN¥10.5B | CN¥11.0B | CN¥10.3B | CN¥12.3B | CN¥12.4B |
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 |
|---|---|---|---|---|---|---|
| ZCZL Industrial Technology 601717.SS | $3.80B | -19% | -1% | 8% | 6.3× | -9.8% |
| Tiandi Science & Technology 600582.SS | $3.30B | -6% | -6% | 4% | 10.4× | n/a |
| Shandong Mining Machinery 002526.SZ | $754M | -15% | -6% | 1% | n/a | n/a |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Komatsu 6301.T | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% |
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 | 601717.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.9% | -6.5% | 3rd highest of 21 |
| 6-month return | -18.6% | -11.7% | 7th lowest of 21 |
| Distance from 52-week high | -41.9% | -30.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -1.0% | +7.3% | 5th lowest of 21 |
| Operating margin | 8.4% | 7.2% | 8th highest of 21 |
| Forward P/E | 6.3× | 13.3× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -9.8% | 0.9% | least demanding of 19 |
| Growth delivered (Del g) | +9.4% | +9.1% | 9th highest of 18 |
| Hurdle (Req g minus delivered) | -19.2 pp | -8.8 pp | 3rd least demanding of 18 |
| ROIC minus cost of capital | +5.3 pp | +1.4 pp | 5th highest of 21 |
| Net debt / EBITDA | -0.2× | 0.5× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ZCZL Industrial Technology 601717.SS | China | $3.80B | -19% | -1% | 8% | 6.3× | -9.8% | +9.4% |
| Toyoda Gosei 7282.T | Japan | $3.81B | +26% | +13% | 7% | 9.8× | 0.5% | +9.7% |
| Jtekt 6473.T | Japan | $3.82B | -1% | +4% | 5% | 11.4× | 1.2% | +9.1% |
| Inter Cars CAR.WA | Poland | $3.83B | +38% | +12% | 6% | 13.9× | 9.5% | +18.3% |
| Fulin Precision 300432.SZ | China | $3.84B | -47% | +95% | 5% | 20.2× | n/a | n/a |
| Garrett Motion GTX | United States | $3.72B | -31% | +7% | 15% | 9.9× | -6.9% | +3.4% |
| Bethel Automotive Safety Systems 603596.SS | China | $3.70B | -11% | +21% | 10% | 16.0× | 7.0% | +31.7% |
| Linamar LNR.TO | Canada | $3.63B | -9% | +9% | 9% | 7.1× | -8.4% | +12.0% |
| Aumovio AMV0.DE | Germany | $3.57B | -12% | -6% | -6% | n/a | 10.2% | n/a |
| Zhejiang Yinlun Machinery 002126.SZ | China | $3.53B | -39% | +28% | 7% | 23.0× | 14.6% | +19.9% |
| Atmus Filtration Technologies ATMU | United States | $4.13B | -9% | +13% | 17% | 16.2× | 8.1% | +7.4% |
| CIE Automotive CIE.MC | Spain | $3.46B | -11% | +4% | 14% | 8.5× | -6.7% | +6.5% |
| Gentex GNTX | United States | $4.19B | -15% | +8% | 19% | 9.9× | -4.7% | +8.5% |
| Koito Manufacturing 7276.T | Japan | $4.27B | -6% | +6% | 6% | 13.3× | -0.8% | +6.1% |
| Sensteed Hi-Tech 000981.SZ | China | $3.36B | -42% | -15% | -39% | n/a | n/a | n/a |
| Anhui Zhongding Sealing Parts 000887.SZ | China | $3.32B | -3% | +9% | 8% | 15.1× | 3.8% | +11.4% |
| Ningbo Joyson Electronic 600699.SS | China | $4.44B | -27% | -6% | 5% | 21.9× | -1.1% | +5.0% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% | +11.7% |
| NHK Spring 5991.T | Japan | $3.18B | -14% | +3% | 6% | 9.8× | 5.2% | +7.4% |
| Valeo FR.PA | France | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% | +4.9% |
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | China | $2.92B | -45% | +2% | 9% | 13.4× | -0.6% | +15.8% |