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← CockpitCompetitor Analysis › 603261.SS Chengdu Lihang Technology Co., Ltd. Class AOpen in the cockpit ↗

Chengdu Lihang Technology Co., Ltd. Class A603261.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Aerospace & Defense
Momentum strong 65
Mkt cap
$458M
US dollars, full cap
$/day
$10.2M
20-day average traded
P/B
6.58×
price to book
ROE
-36.5%
delivered
Implied ROE
44.5%
what the price asks
Close · CNYCN¥39.78
1D-3.3%
1W-6.5%
1M-16.4%
3M-20.3%
6M+18.9%
YTD+64.7%
1Y+83.0%
ATR %7.2%
52w lowhigh38.4% off high

What Chengdu Lihang Technology does

Employees: 609

Chengdu Lihang Technology at a glance

Size Chengdu Lihang Technology (603261.SS) is a China Industrials company (Aerospace & Defense) with a market value of $458M, the 4075th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥39.78 on 6 Nov 2026.

Performance Over six months the shares gained 18.9%, against -26.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 35.4% over the last twelve months (peer median +4.6%); the operating margin is -51.5% (peer median 1.7%).

Valuation It trades at 6.58× book value against a peer median of 3.05× (3rd most expensive of 21).

Price implies The share price implies a return on equity of about 44.5%; Chengdu Lihang Technology delivers -36.5%, so the price asks more than the business earns today.

Relative performance

10015011 May 202611 Aug 20266 Nov 2026603261.SS 118Peer median 75
Six months, rebased to 100: Chengdu Lihang Technology against the median of its 20 peers (local-currency closes).

Chengdu Lihang Technology financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥386MCN¥344MCN¥289MCN¥234MCN¥368M
Revenue growth—+19%+24%-36%—
Gross profit-CN¥31.6M-CN¥93.2MCN¥9.78MCN¥24.7MCN¥150M
EBITDAn/a-CN¥134M-CN¥81.6M-CN¥44.9MCN¥63.0M
Net income-CN¥209M-CN¥208M-CN¥93.9M-CN¥68.3MCN¥35.1M
Free cash flow-CN¥81.3M-CN¥31.6M-CN¥85.6M-CN¥150M-CN¥211M
Capital expenditureCN¥13.2MCN¥35.2MCN¥64.9MCN¥97.6MCN¥117M
Total debtCN¥134MCN¥153MCN¥161MCN¥125MCN¥138M

Quarterly statements and history in the cockpit →

Chengdu Lihang Technology competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%TATT7721SPCE0029336946FGAPKE300719688070SATLMSI688244688511688685144960EVEX603261.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Chengdu Lihang Technology is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%50×100×150×TATT7721SPCE0029336946FGAPKE688070SATLIA688244EVEX603261.SSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Chengdu Lihang Technology is the large dot.

Capital: ROE delivered against the ROE the price implies

-1,000%-500%0%-1,000%-500%0%TATT7721EVEX603261.SSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Chengdu Lihang Technology is the large dot.

Chengdu Lihang Technology competitors and peer comparison

How Chengdu Lihang Technology compares with its peers

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.

Chengdu Lihang Technology against its 20 peers (data as of 6 Nov 2026)
Measure603261.SSPeer medianRank in peer set
1-month return-16.4%-9.9%9th lowest of 21
6-month return+18.9%-26.1%2nd highest of 20
Return on equity-36.5%0.7%4th lowest of 21
Price / book6.58×3.05×3rd most expensive of 21
ROE the price implies44.5%22.8%5th most demanding of 21
ROE delivered-36.5%1.4%3rd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Chengdu Lihang Technology 603261.SSChina$458M+19%+35%-36%6.58×44.5%-36.5%
TAT Technologies TATTUnited States$481M+2%+14%13%2.44×19.8%13.0%
Tokyo Keiki 7721.TJapan$494M-37%+5%10%1.72×19.1%9.9%
Virgin Galactic SPCEUnited States$420M-6%-39%-75%0.99×19.7%-75.1%
Beijing Emerging Eastern Aviation Equipment 002933.SZChina$420M-20%-6%2%1.84×13.0%1.7%
Nippon Avionics 6946.TJapan$505M-26%+45%32%3.81×35.2%32.1%
Figeac Aero FGA.PAFrance$506M-3%+13%1%5.26×34.3%1.1%
Park Aerospace PKEUnited States$515M-30%+28%11%3.17×16.1%11.1%
Beijing Andawell Science & Technology 300719.SZChina$400M-32%-3%-2%2.66×19.0%-1.8%
Chengdu Jouav Automation Tech 688070.SSChina$399M-34%+5%2%4.41×40.5%2.0%
Satellogic SATLUnited States$535M-54%+369%-128%15.79×150.0%n/a
Beijing Navigation Control Technology 688282.SSChina$564M-42%-4%-4%2.94×19.3%-3.7%
Ideaforge Technology IDEAFORGE.NSIndia$353M-15%+221%-3%4.84×85.1%n/a
MS International MSI.LUnited Kingdom$350M-8%-2%17%3.81×17.5%17.0%
Innovative Solutions and Support IAUnited States$348Mn/a+20%28%4.51×25.8%28.5%
Integrity Technology 688244.SSChina$344M-23%-28%-6%2.50×30.7%-6.4%
Sichuan Tianwei Electronic 688511.SSChina$342M-20%-56%-1%2.80×25.8%-0.8%
Beijing Hengyu Datacom Aviation Equipment 300965.SZChina$338M-33%-11%0%1.88×18.6%0.2%
Jiangsu Maixinlin Aviation Science and Technology 688685.SSChina$620M-42%-36%-4%5.16×52.0%-4.2%
New Power Plasma 144960.KSSouth Korea$326M+62%+22%12%1.39×9.2%11.9%
Eve EVEXUnited States$645M-43%n/a-1,179%28.24×232.0%-1,179.2%

Questions

Which companies are Chengdu Lihang Technology's closest peers?
The cockpit's peer set: TAT Technologies (TATT), Tokyo Keiki (7721.T), Virgin Galactic (SPCE), Beijing Emerging Eastern Aviation Equipment (002933.SZ), Nippon Avionics (6946.T), Figeac Aero (FGA.PA), Park Aerospace (PKE), Beijing Andawell Science & Technology (300719.SZ).
Is Chengdu Lihang Technology expensive compared with its peers?
On price / book it trades at 6.58× against a peer median of 3.05×, 3rd most expensive of 21 in its peer set. The share price implies a return on equity of about 44.5%; Chengdu Lihang Technology delivers -36.5%, so the price asks more than the business earns today.
How has Chengdu Lihang Technology stock performed?
Over six months to 6 Nov 2026 the shares returned +18.9% against -26.1% for the median peer; over one year +83.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.