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Chinese maker of automated soldering and precision welding equipment for electronics assembly lines.
Chinese maker of automated soldering and precision welding equipment for electronics assembly lines.
Sells automated soldering stations and welding machines to electronics factories, so orders follow assembly-line investment. Spare parts and servicing follow the machines once installed.
Moat: narrow (process know-how). Niche automated-soldering process expertise versus manual or generic equipment alternatives.
Headquarters: Shenzhen, China · Employees: 1,478
Size Quick Intelligent Equipment (603203.SS) is a China Industrials company (Industrial Machinery) with a market value of $1.57B, the 1572nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥31.62 on 6 Nov 2026.
Performance Over six months the shares fell 12.3%, against -17.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 20.1% over the last twelve months (peer median +11.6%); the operating margin is 21.3% (peer median 7.8%).
Valuation It trades at 39.3× forward earnings against a peer median of 20.6× (2nd most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +15%, 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 11.6 points above its cost of capital (11.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.29B | CN¥1.07B | CN¥937M | CN¥787M | CN¥894M |
| Revenue growth | — | +15% | +19% | -12% | — |
| Gross profit | CN¥640M | CN¥496M | CN¥440M | CN¥360M | CN¥454M |
| EBITDA | n/a | CN¥251M | CN¥222M | CN¥180M | CN¥257M |
| Net income | CN¥175M | CN¥138M | CN¥212M | CN¥191M | CN¥273M |
| Free cash flow | CN¥256M | CN¥235M | CN¥86.7M | CN¥160M | CN¥233M |
| Capital expenditure | CN¥23.9M | CN¥70.9M | CN¥72.4M | CN¥69.4M | CN¥28.0M |
| Total debt | CN¥237M | CN¥261M | CN¥215M | CN¥122M | CN¥150M |
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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 | 603203.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.6% | -8.8% | 7th lowest of 21 |
| 6-month return | -12.3% | -17.0% | 9th highest of 20 |
| Distance from 52-week high | -61.9% | -40.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | +20.1% | +11.6% | 7th highest of 21 |
| Operating margin | 21.3% | 7.8% | 2nd highest of 21 |
| Forward P/E | 39.3× | 20.6× | 2nd most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 28.7% | 9.9% | most demanding of 13 |
| Growth delivered (Del g) | +15.2% | +10.3% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | +13.6 pp | -0.8 pp | most demanding of 13 |
| ROIC minus cost of capital | +11.6 pp | -2.5 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 14.6× | 11.2% | +9.9% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | n/a | 28.5% | +26.7% |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | n/a | n/a | n/a |
| Jiangsu Huahong Technology Stock 002645.SZ | China | $1.52B | -38% | +57% | 5% | 20.6× | n/a | n/a |
| Changzheng Engineering Technology 603698.SS | China | $1.51B | -57% | -4% | 7% | 33.0× | n/a | n/a |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Ningbo Donly 002164.SZ | China | $1.49B | +49% | +5% | 5% | n/a | n/a | n/a |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |