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China's dominant household electrical brand (Bull/Gongniu), selling power strips, wall switches/sockets, LED lighting and circuit breakers.
China's dominant household electrical brand (Bull/Gongniu), selling power strips, wall switches/sockets, LED lighting and circuit breakers.
Sells mainly through a network of independent distributors and hardware dealers who stock its sockets and strips, which reaches small towns and cities without owning shops. Controlled by its founding family. Bulk sales to property developers fitting out new homes are a separate channel.
In one line: China's Leviton/Belkin for switches, sockets and power strips.
Moat: narrow (brand, distribution). Bull is a household-name brand in China with deep retail/hardware-store distribution, though products are largely commodity electricals.
Headquarters: Cixi, China · Founded: 1995 · Employees: 12,512
Size Goneo Group Co., Ltd.Class A (603195.SS) is a China Industrials company (Electrical Products) with a market value of $10.4B, the 241st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.31 on 6 Nov 2026.
Performance Over six months the shares fell 14.6%, against -21.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 2.2% over the last twelve months (peer median +12.6%); the operating margin is 25.2% (peer median 12.2%).
Valuation It trades at 17.4× forward earnings against a peer median of 17.0× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 168.7 points above its cost of capital (5.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥16.0B | CN¥15.9B | CN¥16.7B | CN¥15.6B | CN¥14.0B |
| Revenue growth | — | -5% | +7% | +11% | — |
| Gross profit | CN¥6.93B | CN¥6.71B | CN¥7.12B | CN¥6.62B | CN¥5.21B |
| EBITDA | n/a | CN¥4.58B | CN¥4.63B | CN¥4.54B | CN¥3.57B |
| Net income | CN¥3.92B | CN¥4.07B | CN¥4.27B | CN¥3.87B | CN¥3.19B |
| Free cash flow | CN¥3.48B | CN¥4.63B | CN¥3.33B | CN¥4.37B | CN¥2.33B |
| Capital expenditure | CN¥323M | CN¥500M | CN¥939M | CN¥655M | CN¥1.02B |
| Total debt | CN¥739M | CN¥969M | CN¥501M | CN¥1.17B | CN¥987M |
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 |
|---|---|---|---|---|---|---|
| Goneo Group Co., Ltd.Class A 603195.SS | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Legrand LR.PA | $38.0B | -16% | +10% | 21% | 22.0× | 15.6% |
| Zhejiang Chint Electrics 601877.SS | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% |
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 | 603195.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | -15.8% | 4th highest of 21 |
| 6-month return | -14.6% | -21.4% | 7th highest of 20 |
| Distance from 52-week high | -15.4% | -42.4% | 3rd highest of 21 |
| Revenue growth (TTM) | -2.2% | +12.6% | 3rd lowest of 20 |
| Operating margin | 25.2% | 12.2% | 3rd highest of 20 |
| Forward P/E | 17.4× | 17.0× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -2.1% | 7.5% | 3rd least demanding of 17 |
| Growth delivered (Del g) | +9.8% | +11.1% | 6th lowest of 16 |
| Hurdle (Req g minus delivered) | -11.9 pp | -1.3 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +168.7 pp | +8.4 pp | highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |