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Tianjin maker of integrated-circuit test handlers, machines that move and sort chips during final testing at packaging and test plants.
Tianjin maker of integrated-circuit test handlers, machines that move and sort chips during final testing at packaging and test plants.
Sells test handlers, machines that feed packaged chips into testers and sort them by test result, mainly to chip packaging and test plants, so sales follow their equipment spending. Its handlers are sold in mainland China, Taiwan, Europe, the US and Southeast Asia.
Moat: narrow (customer qualification, process know-how). Handlers must be qualified in each customer's test line; switching means requalification.
Headquarters: Tianjin, China · Founded: 2012 · Employees: 451
Size JHT Design (603061.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $3.07B, the 842nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥235.31 on 6 Nov 2026.
Performance Over six months the shares fell 7.7%, against +3.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 92.6% over the last twelve months (peer median +6.3%); the operating margin is 33.7% (peer median 11.0%).
Valuation It trades at 16.7× enterprise value to sales against a peer median of 1.6× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 44% a year for seven years (Req g). Recent delivered growth is +30%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.7 points above its cost of capital (14.4% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.22B | CN¥694M | CN¥404M | CN¥345M | CN¥424M |
| Revenue growth | — | +72% | +17% | -18% | — |
| Gross profit | CN¥657M | CN¥351M | CN¥186M | CN¥165M | CN¥239M |
| EBITDA | n/a | CN¥205M | CN¥83.5M | CN¥72.3M | CN¥179M |
| Net income | CN¥375M | CN¥177M | CN¥78.5M | CN¥84.8M | CN¥154M |
| Free cash flow | CN¥157M | CN¥16.3M | -CN¥25.0M | -CN¥165M | CN¥10.7M |
| Capital expenditure | CN¥172M | CN¥117M | CN¥92.0M | CN¥123M | CN¥57.6M |
| Total debt | CN¥396M | CN¥182M | CN¥85.5M | CN¥84.3M | CN¥115M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| JHT Design 603061.SS | $3.07B | -8% | +93% | 34% | 16.7× | 43.9% |
| Cohu COHU | $1.82B | -22% | +34% | -2% | 2.9× | 21.5% |
| Advantest 6857.T | $124B | -1% | +48% | 50% | 13.3× | 36.4% |
| Seiko Epson 6724.T | $5.39B | +27% | +8% | 6% | 0.6× | 0.8% |
| Hangzhou Changchuan Technology 300604.SZ | $17.3B | +4% | +53% | 27% | 15.5× | 43.8% |
| Chroma Ate 2360.TW | $15.4B | -46% | +101% | 39% | 9.8× | 19.3% |
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 | 603061.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.7% | -0.2% | 3rd lowest of 21 |
| 6-month return | -7.7% | +3.5% | 7th lowest of 21 |
| Distance from 52-week high | -57.2% | -16.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +92.6% | +6.3% | highest of 21 |
| Operating margin | 33.7% | 11.0% | 2nd highest of 21 |
| EV / Sales | 16.7× | 1.6× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 43.9% | -1.8% | most demanding of 17 |
| Growth delivered (Del g) | +30.4% | +8.6% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | +13.5 pp | -11.8 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | +3.7 pp | +3.3 pp | 9th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JHT Design 603061.SS | China | $3.07B | -8% | +93% | 34% | 16.7× | 43.9% | +30.4% |
| TriNet TNET | United States | $3.05B | +56% | -4% | 6% | 0.5× | -3.3% | +4.4% |
| ABM Industries ABM | United States | $3.10B | +32% | +6% | 5% | 0.5× | -2.0% | +7.9% |
| Jianshe Industry Group (Yunnan) 002265.SZ | China | $3.12B | -11% | +42% | 5% | 3.5× | 26.3% | +47.9% |
| Jiangsu Boqian New Materials Stock 605376.SS | China | $2.94B | -43% | +76% | 20% | 11.2× | n/a | n/a |
| Inventurus Knowledge Solutions IKS.NS | India | $2.94B | -2% | +20% | 31% | 8.3× | 21.2% | +45.8% |
| CoreCivic CXW | United States | $2.84B | +41% | +24% | 10% | 1.2× | -1.6% | +3.0% |
| Shenzhen Fortune Trend Technology 688318.SS | China | $3.36B | -21% | -3% | 56% | 55.3× | n/a | n/a |
| MAXIMUS MMS | United States | $3.43B | +2% | -3% | 11% | 0.9× | -8.5% | +9.4% |
| Loomis LOOMIS.ST | Sweden | $3.46B | +12% | +1% | 11% | 1.3× | -9.1% | +9.7% |
| Pluxee PLX.PA | France | $2.72B | 0% | +1% | 28% | 0.2× | n/a | n/a |
| MITIE MTO.L | United Kingdom | $3.56B | +23% | +11% | 3% | 0.6× | 14.1% | +17.6% |
| Huron Consulting HURN | United States | $2.63B | +39% | +12% | 12% | 1.9× | -4.0% | +14.3% |
| International Workplace IWG.L | United Kingdom | $2.63B | +12% | 0% | 4% | 2.6× | 33.6% | +3.3% |
| Serco SRP.L | United Kingdom | $3.60B | +5% | +1% | 5% | 0.7× | 1.9% | +4.9% |
| Hui Lyu Ecological Technology Groups 001267.SZ | China | $2.61B | -59% | +90% | 10% | 7.9× | n/a | n/a |
| GEO GEO | United States | $3.66B | +28% | +15% | 12% | 1.9× | 6.8% | +2.3% |
| CECEP Environmental Protection 300140.SZ | China | $2.51B | -18% | -2% | 23% | 4.3× | -1.2% | +26.0% |
| Visional 4194.T | Japan | $2.51B | +32% | +24% | 25% | 3.1× | -2.4% | +28.2% |
| Alsok 2331.T | Japan | $3.79B | -1% | +7% | 8% | 0.9× | -6.0% | +4.9% |
| KWS SAAT SE & Co KGaA KWS.DE | Germany | $2.48B | -12% | -3% | 15% | 1.4× | -8.2% | +4.4% |