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Chinese maker of commercial kitchen and restaurant equipment, exporting to foodservice customers globally.
Chinese maker of commercial kitchen and restaurant equipment, exporting to foodservice customers globally.
Sells commercial kitchen equipment as one-off purchases timed with new restaurants and refits, so orders follow investment by chains and caterers more than steady replacement demand.
Moat: narrow (brand, distribution). Established brand and export distribution network in commercial kitchen equipment.
Headquarters: Zhejiang, China · Employees: 2,485
Size Yindu Kitchen Equipment (603277.SS) is a China Industrials company (Industrial Machinery) with a market value of $969M, the 2352nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.78 on 6 Nov 2026.
Performance Over six months the shares fell 17.3%, against -12.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue fell 4.0% over the last twelve months (peer median +10.9%); the operating margin is 18.5% (peer median 7.6%).
Valuation It trades at 13.0× forward earnings against a peer median of 19.0× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.0 points above its cost of capital (6.5% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.68B | CN¥2.72B | CN¥2.73B | CN¥2.63B | CN¥2.65B |
| Revenue growth | — | 0% | +4% | -1% | — |
| Gross profit | CN¥1.27B | CN¥1.12B | CN¥1.13B | CN¥1.05B | CN¥978M |
| EBITDA | n/a | CN¥614M | CN¥675M | CN¥614M | CN¥537M |
| Net income | CN¥172M | CN¥487M | CN¥541M | CN¥511M | CN¥450M |
| Free cash flow | CN¥518M | CN¥482M | CN¥427M | CN¥618M | CN¥436M |
| Capital expenditure | CN¥111M | CN¥67.9M | CN¥231M | CN¥212M | CN¥155M |
| Total debt | CN¥849M | CN¥658M | CN¥750M | CN¥424M | CN¥403M |
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 |
|---|---|---|---|---|---|---|
| Yindu Kitchen Equipment 603277.SS | $969M | -17% | -4% | 19% | 13.0× | -4.3% |
| Middleby MIDD | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% |
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 | 603277.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -12.6% | 6th highest of 21 |
| 6-month return | -17.3% | -12.8% | 10th lowest of 20 |
| Distance from 52-week high | -42.9% | -45.2% | 11th highest of 21 |
| Revenue growth (TTM) | -4.0% | +10.9% | 7th lowest of 21 |
| Operating margin | 18.5% | 7.6% | 4th highest of 21 |
| Forward P/E | 13.0× | 19.0× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -4.3% | 13.6% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +11.1% | +9.5% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -15.4 pp | +4.6 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +15.0 pp | -3.1 pp | highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yindu Kitchen Equipment 603277.SS | China | $969M | -17% | -4% | 19% | 13.0× | -4.3% | +11.1% |
| Truking Technology 300358.SZ | China | $968M | -8% | +6% | 6% | 18.4× | -1.7% | +10.1% |
| METAWATER 9551.T | Japan | $972M | +4% | +13% | 6% | 13.5× | 0.9% | +9.5% |
| Chang Wah Electromaterials 8070.TW | Taiwan | $965M | -10% | +19% | 12% | 19.3× | -6.6% | +3.3% |
| Zhejiang Liju Thermal Energy Equipment 603391.SS | China | $973M | +18% | +9% | 18% | n/a | 12.0% | +5.0% |
| Shanghai Shibei Hi-Tech 600604.SS | China | $960M | -13% | -26% | 4% | n/a | 15.1% | -1.7% |
| Ye Siang Enterprise 7909.TWO | Taiwan | $984M | -53% | -14% | 16% | n/a | 34.9% | -13.5% |
| Zhejiang Taitan 003036.SZ | China | $953M | -10% | +14% | 2% | n/a | n/a | n/a |
| Changzhou Kaidi Electrical 605288.SS | China | $985M | +12% | +1% | 3% | 50.5× | n/a | n/a |
| SUSS MicroTec SMHN.DE | Germany | $948M | -53% | -15% | 9% | 35.8× | 24.2% | +14.8% |
| Phoenix Silicon International 8028.TW | Taiwan | $991M | -26% | +24% | 24% | 18.3× | n/a | n/a |
| Noritake Co.,Limited 5331.T | Japan | $991M | -19% | +9% | 9% | 8.2× | n/a | n/a |
| Zhejiang Jinggong Integration Technology 002006.SZ | China | $946M | -31% | -12% | 5% | 21.6× | 28.8% | +9.6% |
| Jiangyin Hengrun Heavy Industries 603985.SS | China | $942M | -45% | -20% | 9% | n/a | n/a | n/a |
| Shanghai Seer Intelligent Technology 6106.HK | Hong Kong | $940M | n/a | +30% | -12% | n/a | n/a | n/a |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | n/a | n/a | n/a |
| Sichuan Zigong Conveying Machine 001288.SZ | China | $999M | +1% | -20% | 3% | 19.0× | n/a | n/a |
| Shenzhen Dobot 2432.HK | Hong Kong | $937M | -50% | +67% | -33% | n/a | n/a | n/a |
| Unimech Aerospace & Manufacturing UNIMECH.NS | India | $937M | +63% | +40% | 27% | 61.6× | n/a | n/a |
| Shanghai SK Automation Technology 688155.SS | China | $936M | -53% | +56% | 15% | 17.6× | 5.3% | +43.3% |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | n/a | 15.3% | +13.1% |