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Jiangsu-based maker of mechanical power-transmission components such as gears and reducers for industrial equipment.
Jiangsu-based maker of mechanical power-transmission components such as gears and reducers for industrial equipment.
Moat: none. Mechanical transmission components are a competitive, price-driven industrial supply category.
Headquarters: Jiangsu, China · Employees: 2,153
Size Delijia Transmission Technology (Jiangsu) (603092.SS) is a China Industrials company (Electrical Products) with a market value of $2.41B, the 1069th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥40.21 on 6 Nov 2026.
Performance Over six months the shares fell 44.9%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 45.5% over the last twelve months (peer median +25.0%); the operating margin is 17.1% (peer median 7.4%).
Valuation It trades at 2.8× enterprise value to sales against a peer median of 3.0× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.8 points above its cost of capital (7.2% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥5.40B | CN¥3.72B | CN¥4.44B | CN¥3.11B |
| Revenue growth | — | +45% | -16% | +43% | — |
| Gross profit | n/a | CN¥1.32B | CN¥928M | CN¥1.04B | CN¥712M |
| EBITDA | n/a | CN¥1.11B | CN¥839M | CN¥897M | CN¥615M |
| Net income | n/a | CN¥827M | CN¥534M | CN¥634M | CN¥540M |
| Free cash flow | n/a | CN¥377M | CN¥544M | -CN¥153M | -CN¥537M |
| Capital expenditure | n/a | CN¥370M | CN¥263M | CN¥543M | CN¥836M |
| Total debt | CN¥1.15B | CN¥1.59B | CN¥1.72B | CN¥1.77B | CN¥1.27B |
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 |
|---|---|---|---|---|---|---|
| Delijia Transmission Technology (Jiangsu) 603092.SS | $2.41B | -45% | +45% | 17% | 2.8× | 7.2% |
| Hangzhou Advance Gearbox 601177.SS | $786M | -19% | +1% | 4% | 2.5× | 14.5% |
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 | 603092.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -17.0% | 9th highest of 21 |
| 6-month return | -44.9% | -21.6% | 6th lowest of 20 |
| Distance from 52-week high | -58.5% | -55.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +45.5% | +25.0% | 6th highest of 21 |
| Operating margin | 17.1% | 7.4% | 4th highest of 21 |
| EV / Sales | 2.8× | 3.0× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.2% | 19.6% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +20.3% | +14.7% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | -13.0 pp | +6.7 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +6.8 pp | +0.1 pp | 5th highest of 21 |
| EV / EBITDA | 13.5× | 19.0× | 2nd cheapest of 7 |
| Net debt / EBITDA | -0.9× | 0.7× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Delijia Transmission Technology (Jiangsu) 603092.SS | China | $2.41B | -45% | +45% | 17% | 2.8× | 7.2% | +20.3% |
| Hangzhou Cable 603618.SS | China | $2.40B | -18% | +18% | 7% | 2.0× | 15.2% | +9.8% |
| Shenzhen Kstar Science and Technology 002518.SZ | China | $2.41B | -40% | +21% | 13% | 2.8× | 24.2% | +16.9% |
| Tongling Jingda Special Magnet Wire 600577.SS | China | $2.39B | -45% | +26% | 3% | 0.7× | 9.8% | +14.7% |
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 2.3× | n/a | n/a |
| PhiChem 300398.SZ | China | $2.43B | -6% | +15% | 17% | 4.4× | 19.6% | +11.7% |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 2.9× | 25.3% | +18.6% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | 3.8× | n/a | n/a |
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | 1.1× | 6.0% | +24.8% |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 6.2× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | 7.0× | 22.6% | +29.4% |
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 8.1× | n/a | n/a |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 3.1× | 10.0% | -3.9% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 1.9× | n/a | n/a |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 3.2× | n/a | n/a |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 1.9× | n/a | n/a |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 5.9× | 15.1% | +50.8% |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 5.5× | 56.8% | +10.7% |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 0.3× | n/a | n/a |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | 99.6× | n/a | n/a |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | 2.9× | 45.5% | +7.1% |