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Employees: 921
Size Hangzhou Fortune Gas Cryogenic (603173.SS) is a China Industrials company (Industrial Machinery) with a market value of $796M, the 2776th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.49 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against -22.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +2.8%); the operating margin is 15.2% (peer median 8.6%).
Valuation It trades at 9.9× forward earnings against a peer median of 19.8× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 95.0 points above its cost of capital (8.1% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.03B | CN¥2.98B | CN¥2.41B | CN¥2.15B | CN¥1.88B |
| Revenue growth | — | +24% | +12% | +14% | — |
| Gross profit | CN¥840M | CN¥764M | CN¥548M | CN¥457M | CN¥368M |
| EBITDA | n/a | CN¥499M | CN¥308M | CN¥213M | CN¥171M |
| Net income | CN¥380M | CN¥421M | CN¥261M | CN¥191M | CN¥142M |
| Free cash flow | CN¥643M | CN¥799M | CN¥291M | CN¥403M | -CN¥35.3M |
| Capital expenditure | CN¥118M | CN¥113M | CN¥110M | CN¥111M | CN¥56.5M |
| Total debt | CN¥767M | CN¥654M | CN¥854M | CN¥905M | CN¥969M |
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.
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 | 603173.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | -9.6% | 2nd highest of 21 |
| 6-month return | -13.9% | -22.9% | 6th highest of 21 |
| Distance from 52-week high | -35.6% | -49.1% | 5th highest of 21 |
| Revenue growth (TTM) | +4.3% | +2.8% | 10th highest of 21 |
| Operating margin | 15.2% | 8.6% | 4th highest of 21 |
| Forward P/E | 9.9× | 19.8× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -8.2% | 18.6% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +22.6% | +6.4% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | -30.8 pp | +9.2 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +95.0 pp | -1.1 pp | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hangzhou Fortune Gas Cryogenic 603173.SS | China | $796M | -14% | +4% | 15% | 9.9× | -8.2% | +22.6% |
| JC Finance & Tax Interconnect 002530.SZ | China | $797M | -24% | +12% | 10% | n/a | n/a | n/a |
| BHI 083650.KS | South Korea | $798M | -64% | +90% | 12% | 11.9× | -9.1% | +26.0% |
| Hangzhou Zhongtai Cryogenic Technology 300435.SZ | China | $806M | -43% | -22% | 13% | 9.4× | 10.7% | +6.8% |
| Zenner Metering Technology (Shanghai) 301303.SZ | China | $785M | -17% | +9% | 10% | n/a | 15.0% | +15.8% |
| Guangdong Senssun Weighing Apparatus 002870.SZ | China | $807M | -5% | -12% | 2% | n/a | 0.7% | +44.0% |
| Guizhou Zhongyida 600610.SS | China | $783M | -27% | +5% | 12% | n/a | 23.8% | -0.6% |
| Runner (Xiamen) 603408.SS | China | $809M | +2% | +14% | 9% | 11.6× | -6.4% | +5.9% |
| QuakeSafe Technologies 300767.SZ | China | $783M | -28% | -3% | -27% | n/a | 27.5% | -1.7% |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 14.8× | 24.9% | +3.9% |
| Shenzhen JT Automation Equipment 300400.SZ | China | $811M | -9% | +8% | 9% | n/a | 34.4% | -2.4% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | n/a | 22.3% | -6.0% |
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 35.8× | 37.2% | +18.7% |
| CGN Nuclear Technology Development 000881.SZ | China | $816M | -21% | -7% | -8% | n/a | n/a | n/a |
| SHANGHAI HUGONG ELECTRIC 603131.SS | China | $816M | -28% | +4% | -2% | n/a | n/a | n/a |
| Horng Terng Automation 7751.TWO | Taiwan | $817M | -62% | +150% | 35% | 20.8× | 23.2% | +13.5% |
| Eternal Precision Mechanics 7795.TW | Taiwan | $819M | -9% | -12% | 18% | 34.0× | n/a | n/a |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 117.7× | n/a | n/a |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 11.1× | -13.2% | +7.9% |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 19.8× | 13.3% | +4.7% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 50.5× | n/a | n/a |