Loading…
China's leading automotive lighting maker, supplying headlamps and taillamps to domestic and global automakers.
China's leading automotive lighting maker, supplying headlamps and taillamps to domestic and global automakers.
Wins the lamp contract for a car model at the design stage and then supplies it through the model's life, so income follows its customers' production plans. Lighting content per car rises as lamps move from halogen to LED and then to matrix designs, which raises its value per vehicle.
In one line: A Chinese Koito/Hella for auto lighting.
Moat: narrow (customer qualification, process know-how). Leading domestic lighting-technology supplier with long-standing qualified OEM programs.
Headquarters: Changzhou, Jiangsu, China · Founded: 1993 · Employees: 7,532
Size Changzhou Xingyu Automotive Lighting Systems (601799.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.92B, the 879th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥68.21 on 6 Nov 2026.
Performance Over six months the shares fell 45.0%, against -12.2% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 2.1% over the last twelve months (peer median +8.9%); the operating margin is 8.9% (peer median 7.5%).
Valuation It trades at 13.4× forward earnings against a peer median of 22.2× (6th cheapest of 19).
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 +16%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (7.1% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.0B | CN¥15.2B | CN¥13.2B | CN¥10.2B | CN¥8.22B |
| Revenue growth | — | +15% | +29% | +24% | — |
| Gross profit | CN¥3.16B | CN¥2.70B | CN¥2.40B | CN¥2.04B | CN¥1.76B |
| EBITDA | n/a | CN¥2.25B | CN¥1.95B | CN¥1.47B | CN¥1.26B |
| Net income | CN¥1.41B | CN¥1.62B | CN¥1.41B | CN¥1.10B | CN¥941M |
| Free cash flow | CN¥1.05B | CN¥1.55B | CN¥277M | -CN¥277M | CN¥537M |
| Capital expenditure | CN¥981M | CN¥931M | CN¥679M | CN¥1.04B | CN¥956M |
| Total debt | CN¥3.20B | CN¥3.19B | CN¥2.48B | CN¥2.02B | CN¥1.65B |
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 |
|---|---|---|---|---|---|---|
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | $2.92B | -45% | +2% | 9% | 13.4× | -0.6% |
| Koito Manufacturing 7276.T | $4.27B | -6% | +6% | 6% | 13.3× | -0.8% |
| Valeo FR.PA | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% |
| Stanley Electric 6923.T | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% |
| Slcorp 005850.KS | $1.54B | -25% | +10% | 8% | 5.7× | -19.7% |
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 | 601799.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.2% | -4.7% | 10th highest of 21 |
| 6-month return | -45.0% | -12.2% | lowest of 21 |
| Distance from 52-week high | -57.0% | -29.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +2.1% | +8.9% | 5th lowest of 21 |
| Operating margin | 8.9% | 7.5% | 7th highest of 21 |
| Forward P/E | 13.4× | 22.2× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -0.6% | 13.0% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +15.8% | +11.4% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | -16.4 pp | -2.2 pp | 2nd least demanding of 16 |
| ROIC minus cost of capital | +5.3 pp | +0.0 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Changzhou Xingyu Automotive Lighting Systems 601799.SS | China | $2.92B | -45% | +2% | 9% | 13.4× | -0.6% | +15.8% |
| Shanghai Daimay Automotive Interior 603730.SS | China | $2.90B | -18% | -2% | 13% | 22.7× | 13.0% | +10.3% |
| WuHu Foresight Technology 301529.SZ | China | $2.89B | +66% | +4% | 9% | 113.6× | 55.9% | +29.9% |
| NSK 6471.T | Japan | $2.87B | -27% | +26% | 5% | 12.9× | 1.9% | +4.0% |
| Sansera Engineering SANSERA.NS | India | $2.86B | +70% | +23% | 13% | 61.5× | n/a | n/a |
| Valeo FR.PA | France | $3.00B | -15% | -2% | 4% | 7.3× | -8.2% | +4.9% |
| Escorts Kubota ESCORTS.NS | India | $2.84B | -27% | +19% | 9% | 21.8× | 21.0% | +10.7% |
| TVS TVSHLTD.NS | India | $2.78B | -10% | +35% | 14% | n/a | n/a | n/a |
| ZF Commercial Vehicle Control Systems India ZFCVINDIA.NS | India | $2.76B | -5% | +9% | 13% | 44.2× | 31.9% | +17.3% |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 32.1× | 30.0% | +23.8% |
| NHK Spring 5991.T | Japan | $3.18B | -14% | +3% | 6% | 9.8× | 5.2% | +7.4% |
| Exide Industries EXIDEIND.NS | India | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% | +11.7% |
| Shanghai Beite Technology 603009.SS | China | $2.64B | +11% | +9% | 7% | 114.7× | n/a | n/a |
| Zhejiang Wanfeng Auto Wheel 002085.SZ | China | $2.64B | -36% | -2% | 7% | 19.5× | 3.7% | +8.4% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Anhui Zhongding Sealing Parts 000887.SZ | China | $3.32B | -3% | +9% | 8% | 15.1× | 3.8% | +11.4% |
| Sensteed Hi-Tech 000981.SZ | China | $3.36B | -42% | -15% | -39% | n/a | n/a | n/a |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| CIE Automotive CIE.MC | Spain | $3.46B | -11% | +4% | 14% | 8.5× | -6.7% | +6.5% |
| Zhejiang Yinlun Machinery 002126.SZ | China | $3.53B | -39% | +28% | 7% | 23.0× | 14.6% | +19.9% |